UBS Group AG Increases Position in Kodiak AI, Inc. $KDK

UBS Group AG grew its holdings in shares of Kodiak AI, Inc. (NASDAQ:KDKFree Report) by 353.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 702,058 shares of the company’s stock after buying an additional 547,192 shares during the quarter. UBS Group AG owned 0.39% of Kodiak AI worth $7,666,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of KDK. Farther Finance Advisors LLC bought a new stake in shares of Kodiak AI during the 4th quarter worth approximately $78,000. Sumitomo Mitsui Trust Group Inc. grew its position in Kodiak AI by 27.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 789,471 shares of the company’s stock valued at $8,621,000 after acquiring an additional 171,341 shares during the last quarter. Curated Wealth Partners LLC purchased a new stake in Kodiak AI in the fourth quarter worth $649,000. JPMorgan Chase & Co. bought a new stake in shares of Kodiak AI during the third quarter worth $36,000. Finally, Meteora Capital LLC purchased a new stake in shares of Kodiak AI during the third quarter valued at $3,924,000. Institutional investors own 72.95% of the company’s stock.

Kodiak AI Trading Up 3.2%

Shares of Kodiak AI stock opened at $8.37 on Tuesday. The stock’s fifty day moving average price is $8.22 and its 200-day moving average price is $8.42. The firm has a market cap of $1.54 billion, a P/E ratio of -9.20 and a beta of 0.40. Kodiak AI, Inc. has a 12 month low of $5.43 and a 12 month high of $11.62.

Analyst Upgrades and Downgrades

KDK has been the topic of a number of research analyst reports. Northland Securities set a $11.00 price target on shares of Kodiak AI in a report on Monday, May 11th. Wall Street Zen raised shares of Kodiak AI from a “sell” rating to a “hold” rating in a research report on Sunday. TD Cowen dropped their target price on shares of Kodiak AI from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Chardan Capital reduced their target price on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kodiak AI in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.60.

Check Out Our Latest Stock Report on KDK

About Kodiak AI

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Kodiak AI (NASDAQ:KDK)

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