Kodiak AI, Inc. (NASDAQ:KDK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Kodiak AI, Inc. (NASDAQ:KDK) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $15.90.

KDK has been the subject of several analyst reports. TD Cowen initiated coverage on Kodiak AI in a research report on Monday, November 10th. They set a “buy” rating and a $14.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kodiak AI in a research report on Monday, December 29th. Chardan Capital reissued a “buy” rating and set a $22.00 price target on shares of Kodiak AI in a report on Thursday, February 19th. Finally, Wall Street Zen downgraded shares of Kodiak AI to a “strong sell” rating in a report on Friday, November 28th.

Kodiak AI Trading Up 4.7%

NASDAQ KDK opened at $8.45 on Thursday. The stock has a 50-day moving average price of $9.26. Kodiak AI has a 52 week low of $5.43 and a 52 week high of $11.62. The company has a market cap of $1.53 billion, a PE ratio of -24.85 and a beta of -0.34.

Institutional Investors Weigh In On Kodiak AI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in Kodiak AI in the third quarter worth approximately $36,000. ARK Investment Management LLC purchased a new position in Kodiak AI during the 3rd quarter worth approximately $6,290,000. Amova Asset Management Americas Inc. acquired a new stake in Kodiak AI during the 3rd quarter valued at $4,228,000. Barclays PLC purchased a new stake in shares of Kodiak AI in the third quarter valued at $830,000. Finally, UBS Group AG acquired a new stake in shares of Kodiak AI in the third quarter worth $1,059,000. Institutional investors own 72.95% of the company’s stock.

About Kodiak AI

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.