Kodiak AI, Inc. (NASDAQ:KDK – Get Free Report) dropped 6.9% on Thursday . The stock traded as low as $5.00 and last traded at $5.0650. Approximately 819,179 shares traded hands during trading, an increase of 2% from the average session volume of 802,213 shares. The stock had previously closed at $5.44.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Craig Hallum assumed coverage on Kodiak AI in a 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 report on Monday, May 11th. Chardan Capital cut their price objective 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. Weiss Ratings downgraded shares of Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 16th. Finally, Wall Street Zen upgraded shares of Kodiak AI from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.
View Our Latest Research Report on KDK
Kodiak AI Price Performance
Institutional Trading of Kodiak AI
Several institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new position in shares of Kodiak AI in the third quarter worth about $36,000. ARK Investment Management LLC purchased a new stake in Kodiak AI in the 3rd quarter valued at about $6,290,000. Amova Asset Management Americas Inc. purchased a new stake in Kodiak AI in the 3rd quarter valued at about $4,228,000. Barclays PLC bought a new position in Kodiak AI in the 3rd quarter worth about $830,000. Finally, UBS Group AG bought a new position in Kodiak AI in the 3rd quarter worth about $1,059,000. 72.95% of the stock is currently owned by 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.
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