Kodiak AI, Inc. (KDK) – What Are Investment Firms Thinking About This Stock?

Shares of Kodiak AI, Inc. (NASDAQ:KDK) have earned an average rating of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $9.19.

Several equities analysts recently weighed in on KDK shares. Oppenheimer started coverage on Kodiak AI in a research note on Tuesday, August 25th. They issued an “outperform” rating and a $9.00 price objective for the company. Needham & Company LLC decreased their target price on Kodiak AI to $4.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings reissued a “sell (e+)” rating on shares of Kodiak AI in a report on Thursday, October 15th. Chardan Capital restated a “buy” rating and issued a $4.50 price target on shares of Kodiak AI in a research report on Thursday, October 29th. Finally, Wall Street Zen raised Kodiak AI from a “strong sell” rating to a “sell” rating in a research note on Saturday.

Hedge Funds Weigh In On Kodiak AI

Several hedge funds have recently added to or reduced their stakes in KDK. Alyeska Investment Group L.P. acquired a new position in Kodiak AI during the second quarter worth about $19,538,000. BlackRock Inc. acquired a new stake in shares of Kodiak AI in the second quarter valued at approximately $9,073,000. Amova Asset Management Americas Inc. increased its stake in shares of Kodiak AI by 112.5% during the 1st quarter. Amova Asset Management Americas Inc. now owns 1,677,951 shares of the company’s stock worth $11,628,000 after purchasing an additional 888,480 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Kodiak AI by 112.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,677,951 shares of the company’s stock worth $11,645,000 after purchasing an additional 888,480 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Kodiak AI during the 2nd quarter worth approximately $1,276,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak AI Trading Up 13.3%

Shares of Kodiak AI stock opened at $1.45 on Tuesday. Kodiak AI has a 12-month low of $0.95 and a 12-month high of $11.35. The stock has a market cap of $290.90 million, a PE ratio of -1.99 and a beta of 0.75. The company has a 50-day moving average of $2.23 and a two-hundred day moving average of $5.74.

Kodiak AI (NASDAQ:KDK) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.34. The company had revenue of $2.97 million for the quarter. On average, sell-side analysts forecast that Kodiak AI will post -0.93 EPS for the current fiscal year.

Kodiak AI Company Profile

Kodiak AI, Inc develops autonomous vehicle technology designed to help commercial and industrial operators improve the safety, efficiency and reliability of transportation. The company’s platform combines artificial intelligence, sensors, software and vehicle-control systems to support autonomous operation in complex environments.

Founded as Kodiak Robotics, the company initially focused on autonomous long-haul trucking and has developed systems intended for use in freight transportation.