Kodiak AI (NASDAQ:KDK) Stock Rating Lowered by Wall Street Zen

Kodiak AI (NASDAQ:KDK) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also issued reports on the stock. Northland Securities set a $11.00 target price on shares of Kodiak AI in a research report on Monday, May 11th. Chardan Capital lowered their price target on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating for the company in a report on Friday, May 8th. Weiss Ratings cut shares of Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 17th. Citigroup dropped their price objective on shares of Kodiak AI from $13.50 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Finally, Craig Hallum initiated coverage on Kodiak AI in a research note on Monday, June 15th. They issued a “buy” rating and a $12.00 target price for the company. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

Kodiak AI Price Performance

Shares of NASDAQ:KDK opened at $4.48 on Friday. Kodiak AI has a 12 month low of $3.97 and a 12 month high of $11.44. The company’s 50-day moving average price is $5.22 and its two-hundred day moving average price is $7.26. The firm has a market cap of $823.65 million, a P/E ratio of -0.95 and a beta of 0.45.

Institutional Trading of Kodiak AI

Institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust acquired a new position in shares of Kodiak AI in the 4th quarter valued at $44,000. JPMorgan Chase & Co. bought a new position in shares of Kodiak AI in the 3rd quarter worth $36,000. Farther Finance Advisors LLC acquired a new stake in shares of Kodiak AI during the fourth quarter worth $78,000. Bank of New York Mellon Corp grew its stake in shares of Kodiak AI by 143.5% during the first quarter. Bank of New York Mellon Corp now owns 25,779 shares of the company’s stock worth $179,000 after purchasing an additional 15,190 shares during the period. Finally, Ieq Capital LLC bought a new stake in Kodiak AI in the fourth quarter valued at about $186,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

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.