Kodiak AI, Inc. (NASDAQ:KDK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Kodiak AI, Inc. (NASDAQ:KDK) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $12.60.

KDK has been the subject of several recent analyst reports. Northland Securities set a $11.00 price objective on Kodiak AI in a research note on Monday, May 11th. Citigroup dropped their price objective on Kodiak AI from $13.50 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Kodiak AI from a “sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kodiak AI in a research note on Friday, March 27th. Finally, Chardan Capital decreased their price objective 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, May 8th.

Institutional Trading of Kodiak AI

Several large investors have recently added to or reduced their stakes in KDK. JPMorgan Chase & Co. bought a new stake in Kodiak AI during the third quarter worth about $36,000. ARK Investment Management LLC acquired a new stake in shares of Kodiak AI in the third quarter valued at $6,290,000. Amova Asset Management Americas Inc. acquired a new stake in shares of Kodiak AI in the third quarter valued at $4,228,000. Barclays PLC acquired a new stake in shares of Kodiak AI in the third quarter valued at $830,000. Finally, UBS Group AG acquired a new stake in shares of Kodiak AI in the third quarter valued at $1,059,000. 72.95% of the stock is owned by institutional investors.

Kodiak AI Trading Up 3.2%

KDK stock opened at $8.37 on Tuesday. Kodiak AI has a 1-year low of $5.43 and a 1-year high of $11.62. The firm has a market cap of $1.54 billion, a P/E ratio of -9.20 and a beta of 0.40. The business’s 50 day moving average is $8.22 and its 200-day moving average is $8.42.

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.