Kodiak AI (NASDAQ:KDK) Raised to Hold at Wall Street Zen

Kodiak AI (NASDAQ:KDK) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

KDK has been the topic of several other reports. Craig Hallum began coverage on Kodiak AI in a research report on Monday, June 15th. They issued a “buy” rating and a $12.00 target price on the stock. Weiss Ratings raised Kodiak AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Chardan Capital lowered their price target on Kodiak AI from $22.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Citigroup dropped their price objective on Kodiak AI from $13.50 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Northland Securities set a $11.00 target price on shares of Kodiak AI in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.

Kodiak AI Stock Performance

Shares of NASDAQ:KDK opened at $4.28 on Friday. The firm has a market cap of $786.88 million, a price-to-earnings ratio of -4.70 and a beta of 0.40. Kodiak AI has a 1 year low of $4.12 and a 1 year high of $11.48. The business has a fifty day simple moving average of $6.26 and a 200 day simple moving average of $7.87.

Institutional Investors Weigh In On Kodiak AI

A number of large investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust bought a new position in shares of Kodiak AI in the fourth quarter valued at approximately $44,000. JPMorgan Chase & Co. acquired a new stake in shares of Kodiak AI in the third quarter worth $36,000. Farther Finance Advisors LLC bought a new stake in shares of Kodiak AI during the 4th quarter worth $78,000. Bank of New York Mellon Corp boosted its holdings in shares of Kodiak AI by 143.5% during the 1st quarter. Bank of New York Mellon Corp now owns 25,779 shares of the company’s stock worth $179,000 after buying an additional 15,190 shares during the period. Finally, Ieq Capital LLC bought a new stake in shares of Kodiak AI during the 4th quarter worth $186,000. Institutional investors own 72.95% of the company’s stock.

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.