Kodiak AI (NASDAQ:KDK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kodiak AI (NASDAQ:KDK) from a sell rating to a hold rating in a research report released on Saturday.

Several other brokerages have also weighed in on KDK. Weiss Ratings raised shares of Kodiak AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Chardan Capital dropped their target price on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating for the company in a report on Friday, May 8th. Northland Securities set a $11.00 target price on Kodiak AI in a research report on Monday, May 11th. Craig Hallum assumed coverage on Kodiak AI in a research note on Monday, June 15th. They set a “buy” rating and a $12.00 price target on the stock. Finally, Citigroup lowered their price target on Kodiak AI from $13.50 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $12.50.

Kodiak AI Price Performance

Kodiak AI stock opened at $4.29 on Friday. Kodiak AI has a 1-year low of $4.12 and a 1-year high of $11.48. The stock has a market cap of $788.72 million, a price-to-earnings ratio of -4.71 and a beta of 0.40. The firm has a 50 day simple moving average of $6.19 and a 200-day simple moving average of $7.82.

Institutional Investors Weigh In On Kodiak AI

Several large investors have recently added to or reduced their stakes in KDK. Parkside Financial Bank & Trust acquired a new stake in shares of Kodiak AI in the fourth quarter valued at $44,000. JPMorgan Chase & Co. purchased a new position in Kodiak AI in the third quarter valued at $36,000. Farther Finance Advisors LLC acquired a new position in Kodiak AI during the 4th quarter worth $78,000. Ieq Capital LLC purchased a new stake in Kodiak AI during the 4th quarter worth about $186,000. Finally, XTX Topco Ltd purchased a new stake in Kodiak AI during the 4th quarter worth about $188,000. 72.95% of the stock is owned by hedge funds and other institutional investors.

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.