Kodiak AI’s (KDK) “Buy” Rating Reaffirmed at Chardan Capital

Chardan Capital reaffirmed their buy rating on shares of Kodiak AI (NASDAQ:KDK) in a research report released on Wednesday morning,Benzinga reports. They currently have a $22.00 target price on the stock.

KDK has been the subject of several other reports. Wall Street Zen downgraded Kodiak AI to a “strong sell” rating in a research note on Friday, November 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kodiak AI in a research report 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.90.

Kodiak AI Stock Performance

Shares of KDK opened at $8.98 on Wednesday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -26.41 and a beta of -0.34. Kodiak AI has a 52 week low of $5.43 and a 52 week high of $11.62. The firm has a 50-day moving average of $9.10.

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

Institutional Investors Weigh In On Kodiak AI

A number of large investors have recently added to or reduced their stakes in KDK. Rokos Capital Management US LP bought a new position in Kodiak AI during the 3rd quarter worth $14,185,000. ARK Investment Management LLC lifted its position in shares of 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 acquiring an additional 1,749,863 shares during the period. Geode Capital Management LLC grew its holdings in shares of Kodiak AI by 725.0% during the 4th quarter. Geode Capital Management LLC now owns 1,213,179 shares of the company’s stock worth $13,254,000 after purchasing an additional 1,066,128 shares in the last quarter. AQR Arbitrage LLC acquired a new stake in shares of Kodiak AI during the 3rd quarter worth $4,802,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Kodiak AI in the fourth quarter worth $6,831,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

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.