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

Kodiak AI, Inc. (NASDAQ:KDK) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $12.50.

KDK has been the topic of several recent research reports. Wall Street Zen cut Kodiak AI from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings upgraded shares of Kodiak AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Craig Hallum started coverage on shares of Kodiak AI in a research report on Monday, June 15th. They set a “buy” rating and a $12.00 price target on the stock. Northland Securities set a $11.00 price objective on shares of Kodiak AI in a research note on Monday, May 11th. Finally, Chardan Capital cut their price objective on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating for the company in a report on Friday, May 8th.

Kodiak AI Trading Down 4.7%

Shares of NASDAQ KDK opened at $5.07 on Wednesday. The firm has a market cap of $932.12 million, a P/E ratio of -5.57 and a beta of 0.40. The business’s 50 day moving average is $6.85 and its 200-day moving average is $8.18. Kodiak AI has a 1-year low of $5.00 and a 1-year high of $11.48.

Institutional Investors Weigh In On Kodiak AI

Several institutional investors and hedge funds have recently bought and sold shares of KDK. JPMorgan Chase & Co. acquired a new stake in Kodiak AI during the third quarter worth about $36,000. Parkside Financial Bank & Trust acquired a new position in shares of Kodiak AI in the 4th quarter valued at approximately $44,000. Farther Finance Advisors LLC bought a new stake in shares of Kodiak AI during the 4th quarter worth approximately $78,000. Cannon Global Investment Management LLC bought a new stake in shares of Kodiak AI during the 1st quarter worth approximately $119,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Kodiak AI during the 1st quarter worth approximately $125,000. Institutional investors own 72.95% of the company’s stock.

Kodiak AI Company Profile

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.