Wall Street Zen downgraded shares of Kodiak AI (NASDAQ:KDK – Free Report) from a hold rating to a sell rating in a research report released on Saturday.
A number of other brokerages have also weighed in on KDK. Chardan Capital reduced their price objective on Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Northland Securities set a $11.00 price target on Kodiak AI in a research note on Monday, May 11th. Weiss Ratings downgraded Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 17th. Craig Hallum initiated coverage on shares of Kodiak AI in a research report on Monday, June 15th. They set a “buy” rating and a $12.00 target price on the stock. Finally, Citigroup reduced their target price on shares of Kodiak AI from $13.50 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.50.
View Our Latest Stock Report on KDK
Kodiak AI Stock Performance
Hedge Funds Weigh In On Kodiak AI
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. increased its position in Kodiak AI by 112.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,677,951 shares of the company’s stock valued at $11,645,000 after purchasing an additional 888,480 shares during the period. Amova Asset Management Americas Inc. lifted its position in shares of Kodiak AI by 112.5% in the 1st 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 during the period. UBS Group AG lifted its position in shares of Kodiak AI by 353.3% in the 4th quarter. UBS Group AG now owns 702,058 shares of the company’s stock worth $7,666,000 after purchasing an additional 547,192 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Kodiak AI in the 4th quarter valued at $2,665,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Kodiak AI by 143.5% in the 1st quarter. Bank of New York Mellon Corp now owns 25,779 shares of the company’s stock valued at $179,000 after purchasing an additional 15,190 shares during the last quarter. 72.95% of the stock is owned by institutional investors and hedge funds.
About Kodiak AI
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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