Amova Asset Management Americas Inc. Has $11.63 Million Position in Kodiak AI, Inc. $KDK

Amova Asset Management Americas Inc. lifted its holdings in Kodiak AI, Inc. (NASDAQ:KDK) by 112.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,677,951 shares of the company’s stock after acquiring an additional 888,480 shares during the period. Amova Asset Management Americas Inc.’s holdings in Kodiak AI were worth $11,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in shares of Kodiak AI during the 3rd quarter valued at about $36,000. Parkside Financial Bank & Trust bought a new stake in Kodiak AI in the fourth quarter worth approximately $44,000. Farther Finance Advisors LLC bought a new stake in Kodiak AI in the fourth quarter worth approximately $78,000. Cannon Global Investment Management LLC acquired a new position in Kodiak AI in the first quarter valued at approximately $119,000. Finally, Bank of New York Mellon Corp lifted its stake in Kodiak AI by 143.5% in the first quarter. Bank of New York Mellon Corp now owns 25,779 shares of the company’s stock valued at $179,000 after buying an additional 15,190 shares during the period. 72.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KDK has been the topic of several research analyst reports. Northland Securities set a $11.00 target price on shares of Kodiak AI in a research note on Monday, May 11th. Weiss Ratings downgraded shares of Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. Craig Hallum began coverage on shares of Kodiak AI in a research note on Monday, June 15th. They issued a “buy” rating and a $12.00 price target for the company. Chardan Capital dropped their price objective on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Citigroup cut their price objective on shares of Kodiak AI from $13.50 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. One research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.

Kodiak AI Price Performance

KDK opened at $4.29 on Tuesday. Kodiak AI, Inc. has a fifty-two week low of $4.12 and a fifty-two week high of $11.48. The firm has a market capitalization of $788.72 million, a PE ratio of -4.71 and a beta of 0.40. The company’s 50-day moving average is $6.19 and its 200 day moving average is $7.82.

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.