Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Kodiak AI, Inc. (NASDAQ:KDK – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 251,254 shares of the company’s stock, valued at approximately $1,276,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.14% of Kodiak AI as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in Kodiak AI during the third quarter valued at $36,000. Barclays PLC acquired a new stake in Kodiak AI during the 3rd quarter worth about $830,000. UBS Group AG acquired a new stake in Kodiak AI during the 3rd quarter worth about $1,059,000. Rokos Capital Management US LP purchased a new position in Kodiak AI during the 3rd quarter valued at about $14,185,000. Finally, AQR Arbitrage LLC purchased a new position in Kodiak AI during the 3rd quarter valued at about $4,802,000. Institutional investors and hedge funds own 72.95% of the company’s stock.
Kodiak AI Price Performance
Shares of KDK stock opened at $3.94 on Friday. Kodiak AI, Inc. has a fifty-two week low of $3.78 and a fifty-two week high of $11.44. The stock’s 50-day moving average is $4.75 and its two-hundred day moving average is $6.91. The firm has a market cap of $790.44 million, a P/E ratio of -0.84 and a beta of 0.45.
Analyst Ratings Changes
A number of analysts have recently issued reports on KDK shares. Citigroup reissued a “buy” rating on shares of Kodiak AI in a research report on Wednesday. Weiss Ratings downgraded shares of Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 17th. Wall Street Zen lowered shares of Kodiak AI from a “sell” rating to a “strong sell” rating in a research note on Saturday. Craig Hallum initiated coverage on shares of Kodiak AI in a research report on Monday, June 15th. They issued a “buy” rating and a $12.00 target price for the company. Finally, Chardan Capital decreased their target price on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.
Get Our Latest Stock Analysis on Kodiak AI
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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