Amova Asset Management Americas Inc. Purchases 171,341 Shares of Kodiak AI, Inc. $KDK

Amova Asset Management Americas Inc. lifted its position in Kodiak AI, Inc. (NASDAQ:KDK) by 27.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 789,471 shares of the company’s stock after buying an additional 171,341 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Kodiak AI were worth $8,637,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KDK. JPMorgan Chase & Co. bought a new stake in shares of Kodiak AI in the 3rd quarter valued at approximately $36,000. Farther Finance Advisors LLC bought a new stake in shares of Kodiak AI in the 4th quarter valued at approximately $78,000. Curated Wealth Partners LLC bought a new stake in shares of Kodiak AI in the 4th quarter valued at approximately $649,000. Barclays PLC bought a new stake in shares of Kodiak AI in the 3rd quarter valued at approximately $830,000. Finally, UBS Group AG acquired a new stake in Kodiak AI in the 3rd quarter worth approximately $1,059,000. Institutional investors own 72.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KDK. Citigroup reduced their target price on Kodiak AI from $13.50 to $11.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Kodiak AI in a report on Friday, March 27th. Northland Securities set a $11.00 target price on Kodiak AI in a report on Monday, May 11th. Chardan Capital reduced their target price on Kodiak AI from $22.00 to $15.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Wall Street Zen upgraded Kodiak AI from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.60.

Kodiak AI Trading Down 4.7%

Shares of NASDAQ KDK opened at $6.14 on Wednesday. The business has a fifty day simple moving average of $7.91 and a 200 day simple moving average of $8.36. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -6.75 and a beta of 0.26. Kodiak AI, Inc. has a one year low of $5.43 and a one year high of $11.48.

Kodiak AI 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.