Kodiak AI (NASDAQ:KDK) Upgraded by Wall Street Zen to Hold Rating

Kodiak AI (NASDAQ:KDK) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

KDK has been the subject of several other reports. Craig Hallum initiated coverage on Kodiak AI in a report on Monday, June 15th. They issued a “buy” rating and a $12.00 price target for the company. Citigroup reduced their price objective on Kodiak AI from $13.50 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Weiss Ratings raised Kodiak AI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Northland Securities set a $11.00 target price on Kodiak AI in a research note on Monday, May 11th. Finally, Chardan Capital dropped their target price on Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.50.

Kodiak AI Trading Up 0.2%

Shares of KDK stock opened at $4.28 on Friday. The company has a market cap of $786.88 million, a PE ratio of -4.70 and a beta of 0.40. The company’s fifty day simple moving average is $6.26 and its 200-day simple moving average is $7.88. Kodiak AI has a 52 week low of $4.12 and a 52 week high of $11.48.

Institutional Trading of Kodiak AI

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Kodiak AI by 502.2% during the first quarter. Royal Bank of Canada now owns 24,689 shares of the company’s stock valued at $171,000 after buying an additional 20,589 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Kodiak AI in the 1st quarter worth approximately $125,000. Amova Asset Management Americas Inc. grew its position in shares of Kodiak AI by 112.5% in the 1st quarter. Amova Asset Management Americas Inc. now owns 1,677,951 shares of the company’s stock worth $11,628,000 after acquiring an additional 888,480 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Kodiak AI by 143.5% in the 1st quarter. Bank of New York Mellon Corp now owns 25,779 shares of the company’s stock valued at $179,000 after acquiring an additional 15,190 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Kodiak AI by 112.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,677,951 shares of the company’s stock valued at $11,645,000 after acquiring an additional 888,480 shares during the last quarter. 72.95% of the stock is owned by institutional investors.

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.