Kardigan (NASDAQ:KARD) Stock Rating Upgraded by Jefferies Financial Group

Kardigan (NASDAQ:KARD) was upgraded by investment analysts at Jefferies Financial Group to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Leerink Partners started coverage on Kardigan in a research note on Monday. They set an “outperform” rating and a $37.00 target price on the stock. Wall Street Zen raised shares of Kardigan to a “hold” rating in a research report on Saturday, June 27th. TD Cowen assumed coverage on shares of Kardigan in a report on Monday. They set a “buy” rating and a $46.00 price target for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Kardigan in a research report on Monday. They set an “overweight” rating and a $51.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus price target of $43.50.

Kardigan Stock Performance

NASDAQ:KARD opened at $23.53 on Monday. Kardigan has a 1-year low of $16.25 and a 1-year high of $27.00.

Insider Buying and Selling at Kardigan

In other news, Director Arch Venture Partners Xiii, Ll bought 1,250,000 shares of the stock in a transaction on Monday, June 22nd. The shares were purchased at an average price of $16.00 per share, for a total transaction of $20,000,000.00. Following the completion of the purchase, the director directly owned 15,042,035 shares of the company’s stock, valued at $240,672,560. This trade represents a 9.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul L. Berns bought 1,250,000 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was purchased at an average cost of $16.00 per share, for a total transaction of $20,000,000.00. Following the completion of the transaction, the director owned 15,042,035 shares in the company, valued at approximately $240,672,560. The trade was a 9.06% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.