Kardigan (NASDAQ:KARD) Upgraded by TD Cowen to Strong-Buy Rating

TD Cowen upgraded shares of Kardigan (NASDAQ:KARD) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Kardigan in a report on Monday. They set an “overweight” rating and a $51.00 price target for the company. Jefferies Financial Group started coverage on shares of Kardigan in a research report on Monday. They issued a “buy” rating and a $40.00 price target on the stock. Leerink Partners started coverage on shares of Kardigan in a research report on Monday. They set an “outperform” rating and a $37.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Kardigan to a “hold” rating in a research note on Saturday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, Kardigan has an average rating of “Strong Buy” and an average price target of $43.50.

Kardigan Price Performance

Shares of Kardigan stock opened at $23.53 on Monday. Kardigan has a 12-month low of $16.25 and a 12-month high of $27.00.

Insider Activity at Kardigan

In other Kardigan news, Director Arch Venture Partners Xiii, Ll bought 1,250,000 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average cost of $16.00 per share, with a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul L. Berns bought 1,250,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were bought at an average cost of $16.00 per share, for a total transaction of $20,000,000.00. Following the purchase, the director directly owned 15,042,035 shares in the company, valued at approximately $240,672,560. This represents a 9.06% increase in their position. The SEC filing for this purchase provides additional information.