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

Chardan Capital reiterated their buy rating on shares of Kodiak AI (NASDAQ:KDK) in a report issued on Thursday,Benzinga reports. They currently have a $22.00 price target on the stock.

A number of other research analysts have also recently commented on the company. Wall Street Zen cut Kodiak AI to a “strong sell” rating in a research note on Friday, November 28th. TD Cowen initiated coverage on Kodiak AI in a research report on Monday, November 10th. They set a “buy” rating and a $14.00 price objective for the company. Northland Securities set a $17.00 target price on shares of Kodiak AI in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed 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 given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Kodiak AI has an average rating of “Moderate Buy” and a consensus target price of $15.90.

Kodiak AI Stock Down 1.1%

Shares of KDK opened at $8.79 on Thursday. The business has a 50-day moving average of $9.49. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -25.85 and a beta of -0.40. Kodiak AI has a one year low of $5.43 and a one year high of $11.62.

Hedge Funds Weigh In On Kodiak AI

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in Kodiak AI during the 3rd quarter valued at about $36,000. Parkside Financial Bank & Trust bought a new position in shares of Kodiak AI in the fourth quarter worth approximately $44,000. Farther Finance Advisors LLC bought a new position in shares of Kodiak AI in the fourth quarter worth approximately $78,000. Ieq Capital LLC purchased a new stake in shares of Kodiak AI during the fourth quarter valued at approximately $186,000. Finally, XTX Topco Ltd bought a new stake in shares of Kodiak AI during the fourth quarter valued at approximately $188,000. Hedge funds and other institutional investors 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.