Kodiak AI, Inc. (NASDAQ:KDK) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Kodiak AI, Inc. (NASDAQ:KDK) have been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating 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 analysts have recently commented on the company. Needham & Company LLC reduced their price target on Kodiak AI to $4.00 and set a “buy” rating for the company in a report on Friday, November 6th. Citigroup reiterated a “buy” rating on shares of Kodiak AI in a research report on Wednesday, August 19th. Morgan Stanley started coverage on Kodiak AI in a research report on Friday, September 11th. They issued an “equal weight” rating and a $9.00 price objective for the company. Oppenheimer assumed coverage on Kodiak AI in a report on Tuesday, August 25th. They issued an “outperform” rating and a $9.00 target price for the company. Finally, Wall Street Zen upgraded shares of Kodiak AI from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 7th.

Institutional Trading of Kodiak AI

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lightspeed Management Company L.L.C. acquired a new stake in shares of Kodiak AI during the 3rd quarter valued at approximately $14,094,000. Alyeska Investment Group L.P. acquired a new stake in shares of Kodiak AI in the 2nd quarter worth approximately $19,538,000. BlackRock Inc. acquired a new stake in shares of Kodiak AI in the 2nd quarter worth approximately $9,073,000. Marshall Wace LLP increased its stake in Kodiak AI by 926.0% in the 3rd quarter. Marshall Wace LLP now owns 1,098,530 shares of the company’s stock valued at $2,109,000 after purchasing an additional 991,456 shares in the last quarter. Finally, Amova Asset Management Americas Inc. increased its stake in Kodiak AI by 112.5% in the 1st quarter. Amova Asset Management Americas Inc. now owns 1,677,951 shares of the company’s stock valued at $11,628,000 after purchasing an additional 888,480 shares in the last quarter. Institutional investors and hedge funds own 72.95% of the company’s stock.

Kodiak AI Stock Performance

NASDAQ:KDK traded down $0.10 during mid-day trading on Tuesday, reaching $1.11. The stock had a trading volume of 3,034,430 shares, compared to its average volume of 7,850,069. The firm has a market capitalization of $226.53 million, a price-to-earnings ratio of -1.52 and a beta of 0.75. Kodiak AI has a twelve month low of $0.95 and a twelve month high of $11.35. The business has a 50 day simple moving average of $2.03 and a 200 day simple moving average of $5.58.

Kodiak AI (NASDAQ:KDK) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.34. The business had revenue of $2.97 million during the quarter. As a group, sell-side analysts expect that Kodiak AI will post -0.57 earnings per share for the current year.

About Kodiak AI

Kodiak AI develops autonomous-driving technology for commercial vehicles, with a focus on long-haul trucking. Its Kodiak Driver system combines software, sensors and other vehicle hardware to help trucks navigate roads and perform driving tasks without a human driver continuously controlling the vehicle. The company integrates its technology into trucks and offers autonomous trucking solutions for freight transportation. It has also pursued applications in the defense sector, adapting its autonomous-driving capabilities for military vehicles and operations.