Investors Buy Large Volume of Kodiak AI Call Options (NASDAQ:KDK)

Kodiak AI, Inc. (NASDAQ:KDK) was the target of unusually large options trading activity on Tuesday. Investors purchased 7,029 call options on the company. This is an increase of approximately 59% compared to the typical daily volume of 4,413 call options.

Institutional Investors Weigh In On Kodiak AI

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in shares of Kodiak AI during the 3rd quarter worth about $36,000. Barclays PLC bought a new stake in Kodiak AI during the third quarter worth about $830,000. UBS Group AG bought a new stake in Kodiak AI during the third quarter worth about $1,059,000. Meteora Capital LLC acquired a new stake in shares of Kodiak AI during the third quarter worth approximately $3,924,000. Finally, Amova Asset Management Americas Inc. bought a new position in shares of Kodiak AI in the third quarter valued at approximately $4,228,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

Kodiak AI Stock Performance

KDK stock opened at $6.00 on Wednesday. Kodiak AI has a 1-year low of $5.77 and a 1-year high of $11.62. The company has a market capitalization of $1.09 billion, a PE ratio of -17.65 and a beta of -0.18.

Kodiak AI (NASDAQ:KDK) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.33). The company had revenue of $0.77 million during the quarter, compared to analyst estimates of $0.50 million.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KDK shares. Weiss Ratings assumed coverage on shares of Kodiak AI in a research report on Saturday, October 11th. They issued a “sell (e+)” rating on the stock. Chardan Capital reissued a “buy” rating and set a $22.00 target price on shares of Kodiak AI in a research report on Thursday, November 13th. Citigroup initiated coverage on Kodiak AI in a research note on Monday, October 20th. They set a “buy” rating and a $13.50 price target on the stock. Zacks Research upgraded Kodiak AI to a “hold” rating in a research report on Tuesday, October 21st. Finally, Northland Securities set a $17.00 price objective on Kodiak AI in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Kodiak AI presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.90.

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.