919,593 Shares in Kodiak AI, Inc. $KDK Acquired by ARK Investment Management LLC

ARK Investment Management LLC acquired a new stake in shares of Kodiak AI, Inc. (NASDAQ:KDK) in the 3rd quarter, HoldingsChannel reports. The firm acquired 919,593 shares of the company’s stock, valued at approximately $6,290,000.

Separately, JPMorgan Chase & Co. bought a new position in shares of Kodiak AI in the 3rd quarter valued at $36,000. 72.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak AI Stock Performance

Shares of KDK stock opened at $8.86 on Friday. Kodiak AI, Inc. has a fifty-two week low of $5.43 and a fifty-two week high of $11.62. The business has a 50 day simple moving average of $9.23. The company has a market capitalization of $1.61 billion, a P/E ratio of -26.06 and a beta of -0.34.

Analyst Ratings Changes

KDK has been the topic of several research analyst reports. Wall Street Zen lowered Kodiak AI to a “strong sell” rating in a research note on Friday, November 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kodiak AI in a report on Monday, December 29th. Chardan Capital restated a “buy” rating and issued a $22.00 price objective on shares of Kodiak AI in a report on Thursday, February 19th. Finally, TD Cowen assumed coverage on Kodiak AI in a research report on Monday, November 10th. They issued a “buy” rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.90.

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.