Leerink Partners began coverage on shares of Kardigan (NASDAQ:KARD – Get Free Report) in a research note issued on Monday. The firm set an “outperform” rating and a $37.00 price target on the stock. Leerink Partners’ price target suggests a potential upside of 50.16% from the stock’s current price.
KARD has been the subject of a number of other reports. Jefferies Financial Group began coverage on shares of Kardigan in a research report on Monday. They set a “buy” rating and a $40.00 price objective for the company. Wall Street Zen upgraded shares of Kardigan to a “hold” rating in a research note on Saturday, June 27th. Finally, JPMorgan Chase & Co. started coverage on shares of Kardigan in a report on Monday. They set an “overweight” rating and a $51.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $42.67.
Check Out Our Latest Report on KARD
Kardigan Price Performance
Insider Activity at Kardigan
In other news, Director Paul L. Berns purchased 1,250,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average cost of $16.00 per share, with a total value of $20,000,000.00. Following the acquisition, the director owned 15,042,035 shares in the company, valued at approximately $240,672,560. This trade represents a 9.06% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arch Venture Partners Xiii, Ll purchased 1,250,000 shares of Kardigan stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average price of $16.00 per share, with a total value of $20,000,000.00. Following the completion of the purchase, the director directly owned 15,042,035 shares in the company, valued at $240,672,560. This trade represents a 9.06% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.
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