Kodiak AI (NASDAQ:KDK) Receives “Buy” Rating from Chardan Capital

Kodiak AI (NASDAQ:KDK)‘s stock had its “buy” rating reaffirmed by stock analysts at Chardan Capital in a report issued on Wednesday,Benzinga reports. They currently have a $22.00 price target on the stock. Chardan Capital’s price target would suggest a potential upside of 139.65% from the stock’s current price.

Several other research analysts have also commented on KDK. Wall Street Zen lowered shares of Kodiak AI to a “strong sell” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kodiak AI in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Kodiak AI has an average rating of “Moderate Buy” and a consensus price target of $15.90.

Kodiak AI Price Performance

Kodiak AI stock traded up $0.37 during midday trading on Wednesday, reaching $9.18. The stock had a trading volume of 393,340 shares, compared to its average volume of 482,540. The firm has a 50-day moving average price of $9.13. Kodiak AI has a twelve month low of $5.43 and a twelve month high of $11.62. The stock has a market capitalization of $1.66 billion, a PE ratio of -27.00 and a beta of -0.33.

Kodiak AI (NASDAQ:KDK) last released its quarterly earnings data on Tuesday, March 10th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $1.05 million during the quarter, compared to the consensus estimate of $0.52 million.

Institutional Trading of Kodiak AI

Large investors have recently modified their holdings of the company. ARK Investment Management LLC boosted its stake 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 valued at $29,150,000 after purchasing an additional 1,749,863 shares during the period. Rokos Capital Management US LP acquired a new stake in shares of Kodiak AI in the third quarter valued at approximately $14,185,000. Geode Capital Management LLC raised its holdings 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 valued at $13,254,000 after buying an additional 1,066,128 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Kodiak AI by 27.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 789,471 shares of the company’s stock valued at $8,621,000 after acquiring an additional 171,341 shares in the last quarter. Finally, Amova Asset Management Americas Inc. boosted its position in Kodiak AI by 27.7% during the 4th quarter. Amova Asset Management Americas Inc. now owns 789,471 shares of the company’s stock worth $8,637,000 after acquiring an additional 171,341 shares during the period. Institutional investors and hedge funds own 72.95% of the company’s stock.

About Kodiak AI

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.