Kardigan (NASDAQ:KARD) Upgraded at TD Cowen

Kardigan (NASDAQ:KARD) was upgraded by analysts at TD Cowen to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Leerink Partners began coverage on shares of Kardigan in a research note on Monday. They issued an “outperform” rating and a $37.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Kardigan in a research note on Monday. They set a “buy” rating and a $40.00 price objective on the stock. Wall Street Zen raised shares of Kardigan to a “hold” rating in a report on Saturday, June 27th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Kardigan in a research note on Monday. They issued an “overweight” rating and a $51.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy” and an average price target of $43.50.

Kardigan Price Performance

Shares of NASDAQ:KARD opened at $23.53 on Monday. Kardigan has a fifty-two week low of $16.25 and a fifty-two week high of $27.00.

Insider Buying and Selling at Kardigan

In other Kardigan news, Director Paul L. Berns bought 1,250,000 shares of the stock in a transaction dated Monday, June 22nd. The stock was bought at an average cost of $16.00 per share, for a total transaction of $20,000,000.00. Following the completion of the purchase, the director owned 15,042,035 shares in the company, valued at $240,672,560. This represents a 9.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arch Venture Partners Xiii, Ll bought 1,250,000 shares of the stock in a transaction dated Monday, June 22nd. The stock was acquired at an average price of $16.00 per share, with a total value of $20,000,000.00. Following the completion of the purchase, the director owned 15,042,035 shares of the company’s stock, valued at $240,672,560. This represents a 9.06% increase in their position. The disclosure for this purchase is available in the SEC filing.