Kardigan (NASDAQ:KARD) Stock Rating Upgraded by Zacks Research

Kardigan (NASDAQ:KARD) was upgraded by equities researchers at Zacks Research to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other analysts also recently weighed in on KARD. Jefferies Financial Group began coverage on Kardigan in a research report on Monday. They set a “buy” rating and a $40.00 target price for the company. Leerink Partners assumed coverage on shares of Kardigan in a report on Monday. They issued an “outperform” rating and a $37.00 price target on the stock. TD Cowen assumed coverage on shares of Kardigan in a research note on Monday. They issued a “buy” rating and a $46.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Kardigan in a report on Monday. They set an “overweight” rating and a $51.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Kardigan to a “hold” rating in a research note on Saturday, June 27th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.50.

Kardigan Stock Down 4.4%

Shares of KARD stock opened at $21.02 on Wednesday. Kardigan has a 52-week low of $16.25 and a 52-week high of $27.00.

Insider Activity at Kardigan

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