Kardigan (NASDAQ:KARD) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Kardigan (NASDAQ:KARD) to a hold rating in a report published on Wednesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on KARD. Leerink Partners initiated coverage on Kardigan in a report on Monday. They issued an “outperform” rating and a $37.00 target price on the stock. TD Cowen initiated coverage on shares of Kardigan in a research report on Monday. They set a “buy” rating and a $46.00 price objective on the stock. Wall Street Zen raised shares of Kardigan to a “hold” rating in a research report on Saturday, June 27th. Jefferies Financial Group started coverage on shares of Kardigan in a research note on Monday. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Kardigan in a research report on Monday. They issued an “overweight” rating and a $51.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kardigan currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.50.

Kardigan Stock Down 4.4%

Shares of NASDAQ KARD opened at $21.02 on Wednesday. Kardigan has a one year low of $16.25 and a one year high of $27.00.

Insider Activity

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