Kardigan, Inc. (NASDAQ:KARD) Given Average Rating of “Moderate Buy” by Brokerages

Kardigan, Inc. (NASDAQ:KARD) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $43.50.

Several equities analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Kardigan in a report on Monday. They set a “buy” rating and a $40.00 price objective on the stock. Leerink Partners assumed coverage on shares of Kardigan in a report on Monday. They set an “outperform” rating and a $37.00 target price on the stock. TD Cowen started 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. Zacks Research upgraded shares of Kardigan to a “hold” rating in a report on Wednesday. Finally, Wall Street Zen raised shares of Kardigan to a “hold” rating in a research report on Saturday, June 27th.

Insiders Place Their Bets

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

Kardigan Stock Performance

Shares of Kardigan stock opened at $21.02 on Friday. Kardigan has a 1 year low of $16.25 and a 1 year high of $27.00.