Kodiak AI (NASDAQ:KDK) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Kodiak AI (NASDAQ:KDK) from a sell rating to a hold rating in a research report report published on Sunday morning.

A number of other research analysts have also weighed in on KDK. Northland Securities set a $11.00 price objective on Kodiak AI in a report on Monday, May 11th. Chardan Capital dropped their price objective on Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Citigroup dropped their price objective on Kodiak AI from $13.50 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. TD Cowen dropped their price objective on Kodiak AI from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kodiak AI in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.60.

Kodiak AI Stock Performance

NASDAQ:KDK opened at $8.11 on Friday. The stock’s 50 day simple moving average is $8.23 and its 200-day simple moving average is $8.42. Kodiak AI has a 12-month low of $5.43 and a 12-month high of $11.62. The firm has a market cap of $1.49 billion, a P/E ratio of -8.91 and a beta of 0.40.

Institutional Trading of Kodiak AI

A number of institutional investors have recently bought and sold shares of the company. ARK Investment Management LLC boosted its position in Kodiak AI by 190.3% during the fourth quarter. ARK Investment Management LLC now owns 2,669,456 shares of the company’s stock worth $29,150,000 after purchasing an additional 1,749,863 shares in the last quarter. Rokos Capital Management US LP purchased a new stake in Kodiak AI during the third quarter worth $14,185,000. Amova Asset Management Americas Inc. boosted its position in Kodiak AI by 112.5% during the first quarter. Amova Asset Management Americas Inc. now owns 1,677,951 shares of the company’s stock worth $11,628,000 after purchasing an additional 888,480 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Kodiak AI by 112.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,677,951 shares of the company’s stock worth $11,645,000 after purchasing an additional 888,480 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Kodiak AI by 725.0% during the fourth quarter. Geode Capital Management LLC now owns 1,213,179 shares of the company’s stock worth $13,254,000 after purchasing an additional 1,066,128 shares in the last quarter. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

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.