Kardigan (NASDAQ:KARD) Upgraded at Wall Street Zen

Kardigan (NASDAQ:KARD) was upgraded by analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Kardigan Trading Up 4.3%

Shares of NASDAQ:KARD opened at $23.54 on Friday. Kardigan has a 1 year low of $16.25 and a 1 year high of $24.86.

Insider Activity

In other news, Director Arch Venture Partners Xiii, Ll purchased 1,250,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was bought at an average cost of $16.00 per share, with a total value of $20,000,000.00. Following the purchase, the director directly owned 15,042,035 shares of the company’s stock, valued at approximately $240,672,560. This trade represents a 9.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul L. Berns purchased 1,250,000 shares of Kardigan stock in a transaction dated Monday, June 22nd. The shares were purchased at an average price of $16.00 per share, with a total value of $20,000,000.00. Following the completion of the acquisition, the director owned 15,042,035 shares in the company, valued at $240,672,560. The trade was a 9.06% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.