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

Kodiak AI, Inc. (NASDAQ:KDK) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $15.70.

Several analysts have weighed in on KDK shares. TD Cowen lowered their target price on Kodiak AI from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kodiak AI in a research note on Monday, December 29th. Finally, Chardan Capital reiterated a “buy” rating and issued a $22.00 price objective on shares of Kodiak AI in a research report on Wednesday, March 25th.

Kodiak AI Price Performance

Shares of NASDAQ:KDK opened at $6.91 on Monday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -10.47 and a beta of -0.33. The stock’s 50 day moving average price is $8.62. Kodiak AI has a 12 month low of $5.43 and a 12 month high of $11.62.

Kodiak AI (NASDAQ:KDK) last released its quarterly earnings data on Tuesday, March 10th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $1.05 million during the quarter, compared to analysts’ expectations of $0.52 million.

Institutional Trading of Kodiak AI

Several institutional investors and hedge funds have recently modified their holdings of KDK. Rokos Capital Management US LP acquired a new stake in shares of Kodiak AI in the third quarter valued at approximately $14,185,000. ARK Investment Management LLC raised its position in shares of Kodiak AI by 190.3% during the 4th quarter. ARK Investment Management LLC now owns 2,669,456 shares of the company’s stock worth $29,150,000 after purchasing an additional 1,749,863 shares during the last quarter. Geode Capital Management LLC lifted its stake in Kodiak AI by 725.0% in the 4th quarter. Geode Capital Management LLC now owns 1,213,179 shares of the company’s stock valued at $13,254,000 after buying an additional 1,066,128 shares in the last quarter. AQR Arbitrage LLC purchased a new stake in Kodiak AI in the 3rd quarter valued at approximately $4,802,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Kodiak AI during the 4th quarter valued at $6,831,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

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.