UBS Group AG Raises Holdings in Kodiak AI, Inc. $KDK

UBS Group AG increased its holdings in Kodiak AI, Inc. (NASDAQ:KDK) by 353.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 702,058 shares of the company’s stock after buying an additional 547,192 shares during the period. UBS Group AG’s holdings in Kodiak AI were worth $7,666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of KDK. JPMorgan Chase & Co. bought a new stake in Kodiak AI during the 3rd quarter valued at $36,000. Farther Finance Advisors LLC bought a new position in shares of Kodiak AI in the 4th quarter worth $78,000. Curated Wealth Partners LLC purchased a new stake in shares of Kodiak AI during the 4th quarter worth $649,000. Barclays PLC bought a new stake in Kodiak AI during the third quarter valued at about $830,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Kodiak AI by 27.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 789,471 shares of the company’s stock valued at $8,621,000 after purchasing an additional 171,341 shares in the last quarter. Hedge funds and other institutional investors own 72.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KDK shares. Citigroup reduced their target price on shares of Kodiak AI from $13.50 to $11.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Chardan Capital lowered their price target on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Northland Securities set a $11.00 price objective on shares of Kodiak AI in a research note 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. Finally, TD Cowen lowered their target price on shares of Kodiak AI from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.60.

Kodiak AI Stock Performance

Kodiak AI stock opened at $8.37 on Tuesday. The stock has a 50-day moving average of $8.22 and a two-hundred day moving average of $8.42. Kodiak AI, Inc. has a one year low of $5.43 and a one year high of $11.62. The stock has a market cap of $1.54 billion, a PE ratio of -9.20 and a beta of 0.40.

Kodiak AI 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.