Kodiak AI, Inc. (NASDAQ:KDK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Kodiak AI, Inc. (NASDAQ:KDK) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.50.

KDK has been the topic of several research analyst reports. Citigroup lowered their price target on Kodiak AI from $13.50 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Wall Street Zen raised Kodiak AI from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Chardan Capital reduced their price objective on Kodiak AI from $22.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Northland Securities set a $11.00 target price on Kodiak AI in a report on Monday, May 11th. Finally, Weiss Ratings downgraded Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 17th.

Kodiak AI Trading Up 3.1%

NASDAQ:KDK opened at $4.35 on Friday. Kodiak AI has a 12 month low of $3.97 and a 12 month high of $11.44. The company has a market cap of $799.75 million, a PE ratio of -4.78 and a beta of 0.40. The company has a 50 day simple moving average of $5.52 and a two-hundred day simple moving average of $7.46.

Institutional Trading of Kodiak AI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KDK. Royal Bank of Canada boosted its stake in shares of Kodiak AI by 502.2% during the 1st quarter. Royal Bank of Canada now owns 24,689 shares of the company’s stock worth $171,000 after acquiring an additional 20,589 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Kodiak AI during the 1st quarter valued at $125,000. Amova Asset Management Americas Inc. grew its position in shares of Kodiak AI by 112.5% during the 1st quarter. Amova Asset Management Americas Inc. now owns 1,677,951 shares of the company’s stock valued at $11,628,000 after acquiring an additional 888,480 shares during the period. Bank of New York Mellon Corp increased 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 worth $179,000 after purchasing an additional 15,190 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Kodiak AI by 112.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,677,951 shares of the company’s stock worth $11,645,000 after purchasing an additional 888,480 shares in the last quarter. 72.95% of the stock is owned by hedge funds and other institutional investors.

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.