Kodiak AI (NASDAQ:KDK) Downgraded by Wall Street Zen to Strong Sell

Kodiak AI (NASDAQ:KDK) was downgraded by equities researchers at Wall Street Zen to a “strong sell” rating in a research report issued to clients and investors on Friday.

Several other research analysts also recently commented on KDK. Northland Capmk upgraded shares of Kodiak AI to a “strong-buy” rating in a research report on Wednesday, October 29th. Zacks Research upgraded Kodiak AI to a “hold” rating in a research note on Tuesday, October 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Kodiak AI in a research report on Wednesday. Citigroup initiated coverage on Kodiak AI in a research note on Monday, October 20th. They issued a “buy” rating and a $13.50 price objective on the stock. Finally, TD Cowen assumed coverage on Kodiak AI in a research note on Monday, November 10th. They set a “buy” rating and a $14.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.90.

Kodiak AI Price Performance

Shares of Kodiak AI stock opened at $6.00 on Friday. The firm has a market capitalization of $1.09 billion, a P/E ratio of -17.65 and a beta of -0.18. Kodiak AI has a 12-month low of $5.77 and a 12-month high of $11.62. The business’s 50-day moving average price is $7.76.

Kodiak AI (NASDAQ:KDK) last issued its earnings results on Wednesday, November 12th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.33). The firm had revenue of $0.77 million for the quarter, compared to the consensus estimate of $0.50 million.

Institutional Trading of Kodiak AI

A number of hedge funds have recently made changes to their positions in the company. AQR Arbitrage LLC acquired a new position in shares of Kodiak AI in the third quarter valued at approximately $4,802,000. Amova Asset Management Americas Inc. acquired a new stake in Kodiak AI during the 3rd quarter worth approximately $4,228,000. ARK Investment Management LLC bought a new stake in Kodiak AI during the 3rd quarter worth approximately $6,290,000. Meteora Capital LLC acquired a new position in Kodiak AI in the 3rd quarter valued at approximately $3,924,000. Finally, Rokos Capital Management US LP acquired a new position in Kodiak AI in the 3rd quarter valued at approximately $14,185,000. 72.95% of the stock is owned by institutional investors and hedge funds.

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.