Kodiak AI, Inc. (NASDAQ:KDK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Kodiak AI, Inc. (NASDAQ:KDK) has received an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $12.50.

Several research analysts have recently issued reports on the company. Citigroup lowered their price objective on Kodiak AI from $13.50 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Craig Hallum started coverage on shares of Kodiak AI in a research report on Monday, June 15th. They set a “buy” rating and a $12.00 target price on the stock. Northland Securities set a $11.00 target price on shares of Kodiak AI in a report on Monday, May 11th. Wall Street Zen cut shares of Kodiak AI from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Chardan Capital dropped their price target on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, May 8th.

Kodiak AI Trading Down 2.8%

Kodiak AI stock opened at $4.53 on Wednesday. The stock has a 50-day moving average price of $6.50 and a two-hundred day moving average price of $7.99. Kodiak AI has a 12 month low of $4.42 and a 12 month high of $11.48. The company has a market capitalization of $832.84 million, a PE ratio of -4.98 and a beta of 0.40.

Institutional Trading of Kodiak AI

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ARK Investment Management LLC lifted its holdings in Kodiak AI by 190.3% during the 4th quarter. ARK Investment Management LLC now owns 2,669,456 shares of the company’s stock worth $29,150,000 after buying an additional 1,749,863 shares during the period. Rokos Capital Management US LP bought a new stake in shares of Kodiak AI in the 3rd quarter valued at about $14,185,000. Amova Asset Management Americas Inc. increased its stake in shares of Kodiak AI by 112.5% in the first quarter. Amova Asset Management Americas Inc. now owns 1,677,951 shares of the company’s stock valued at $11,628,000 after buying an additional 888,480 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Kodiak AI by 112.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,677,951 shares of the company’s stock valued at $11,645,000 after buying an additional 888,480 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Kodiak AI by 725.0% during the fourth quarter. Geode Capital Management LLC now owns 1,213,179 shares of the company’s stock worth $13,254,000 after acquiring an additional 1,066,128 shares during the last quarter. 72.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak AI Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.