Analysts Set Kardigan, Inc. (NASDAQ:KARD) Target Price at $43.50

Shares of Kardigan, Inc. (NASDAQ:KARD) have been given an average rating of “Moderate Buy” by the five analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $43.50.

KARD has been the subject of a number of research analyst reports. Leerink Partners began coverage on shares of Kardigan in a report on Monday, July 13th. They issued an “outperform” rating and a $37.00 target price for the company. JPMorgan Chase & Co. began coverage on Kardigan in a report on Monday, July 13th. They issued an “overweight” rating and a $51.00 price target on the stock. Zacks Research raised Kardigan to a “hold” rating in a report on Wednesday, July 15th. TD Cowen started coverage on Kardigan in a research report on Monday, July 13th. They set a “buy” rating and a $46.00 target price on the stock. Finally, Wall Street Zen raised Kardigan to a “hold” rating in a report on Saturday, June 27th.

Insider Buying and Selling

In related news, Director Arch Venture Partners Xiii, Ll purchased 1,250,000 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was bought at an average price of $16.00 per share, with a total value of $20,000,000.00. Following the completion of the transaction, the director owned 15,042,035 shares of the company’s stock, valued at approximately $240,672,560. This represents a 9.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul L. Berns 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 completion of the acquisition, the director owned 15,042,035 shares of the company’s stock, valued at approximately $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.

Kardigan Stock Up 7.1%

Shares of KARD opened at $22.91 on Friday. Kardigan has a 52-week low of $16.25 and a 52-week high of $27.00.