Amova Asset Management Americas Inc. Purchases New Position in Kodiak AI, Inc. $KDK

Amova Asset Management Americas Inc. acquired a new position in shares of Kodiak AI, Inc. (NASDAQ:KDK) during the 3rd quarter, Holdings Channel reports. The fund acquired 618,130 shares of the company’s stock, valued at approximately $4,228,000.

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

Kodiak AI Trading Up 4.9%

KDK stock opened at $8.86 on Friday. The firm has a 50-day moving average price of $9.23. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -26.06 and a beta of -0.34. Kodiak AI, Inc. has a 12 month low of $5.43 and a 12 month high of $11.62.

Analyst Upgrades and Downgrades

KDK has been the subject of a number of research reports. TD Cowen started 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. Wall Street Zen downgraded Kodiak AI to a “strong sell” rating in a research note on Friday, November 28th. Chardan Capital restated a “buy” rating and set a $22.00 price objective on shares of Kodiak AI in a research note on Thursday, February 19th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kodiak AI in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kodiak AI currently has an average rating of “Moderate Buy” and a consensus price target of $15.90.

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.