Kardigan, Inc. (NASDAQ:KARD – Get Free Report) Director Paul Berns bought 1,250,000 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were 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 of the company’s stock, valued at approximately $240,672,560. This represents a 9.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Kardigan Trading Up 4.3%
NASDAQ:KARD opened at $23.54 on Friday. Kardigan, Inc. has a twelve month low of $16.25 and a twelve month high of $24.86.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Kardigan to a “hold” rating in a research note on Saturday.
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