Kodiak AI (NASDAQ:KDK) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Kodiak AI (NASDAQ:KDK) from a sell rating to a hold rating in a report published on Saturday morning.

Other equities analysts have also recently issued research reports about the stock. Northland Securities set a $11.00 target price on shares of Kodiak AI in a research note on Monday, May 11th. Weiss Ratings upgraded shares of Kodiak AI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. Citigroup decreased their price objective on shares of Kodiak AI from $13.50 to $11.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Chardan Capital lowered their price objective on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Craig Hallum initiated coverage on Kodiak AI in a report on Monday, June 15th. They set a “buy” rating and a $12.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Kodiak AI has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.

Kodiak AI Stock Up 0.2%

KDK stock opened at $4.28 on Friday. The company has a market capitalization of $786.88 million, a P/E ratio of -4.70 and a beta of 0.40. The company has a 50-day simple moving average of $6.26 and a 200 day simple moving average of $7.88. Kodiak AI has a fifty-two week low of $4.12 and a fifty-two week high of $11.48.

Institutional Investors Weigh In On Kodiak AI

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in Kodiak AI in the 3rd quarter worth about $36,000. Parkside Financial Bank & Trust purchased a new stake in Kodiak AI during the fourth quarter valued at about $44,000. Farther Finance Advisors LLC purchased a new stake in Kodiak AI during the fourth quarter valued at about $78,000. Cannon Global Investment Management LLC acquired a new position in shares of Kodiak AI in the first quarter worth about $119,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Kodiak AI in the first quarter worth about $125,000. 72.95% of the stock is owned by institutional investors and hedge funds.

Kodiak AI Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.