Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Stake in Kodiak AI, Inc. $KDK

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Kodiak AI, Inc. (NASDAQ:KDK) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 246,059 shares of the company’s stock, valued at approximately $2,665,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.14% of Kodiak AI at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KDK. JPMorgan Chase & Co. bought a new stake in Kodiak AI in the 3rd quarter valued at $36,000. Farther Finance Advisors LLC bought a new stake in Kodiak AI in the 4th quarter valued at $78,000. Curated Wealth Partners LLC bought a new stake in Kodiak AI in the 4th quarter valued at $649,000. Barclays PLC bought a new stake in Kodiak AI in the 3rd quarter valued at $830,000. Finally, UBS Group AG bought a new stake in Kodiak AI in the 3rd quarter valued at $1,059,000. 72.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on KDK. Wall Street Zen raised shares of Kodiak AI from a “strong sell” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kodiak AI in a research note on Friday, March 27th. Chardan Capital lowered their price target on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday. TD Cowen lowered their price target on shares of Kodiak AI from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Finally, Northland Securities set a $11.00 price target on shares of Kodiak AI in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kodiak AI currently has a consensus rating of “Moderate Buy” and an average target price of $13.10.

Kodiak AI Trading Up 3.5%

Shares of KDK stock opened at $7.49 on Tuesday. Kodiak AI, Inc. has a 1 year low of $5.43 and a 1 year high of $11.62. The firm’s fifty day moving average price is $8.25 and its two-hundred day moving average price is $8.43. The firm has a market capitalization of $1.37 billion, a P/E ratio of -11.35 and a beta of 0.40.

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.