Kardigan (NASDAQ:KARD) Upgraded at Zacks Research

Zacks Research upgraded shares of Kardigan (NASDAQ:KARD) to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Several other research firms also recently weighed in on KARD. JPMorgan Chase & Co. started coverage on Kardigan in a research report on Monday, July 13th. They issued an “overweight” rating and a $51.00 target price for the company. Leerink Partners began coverage on shares of Kardigan in a research note on Monday, July 13th. They set an “outperform” rating and a $37.00 price target on the stock. Wall Street Zen raised shares of Kardigan to a “hold” rating in a research report on Saturday, June 27th. TD Cowen assumed coverage on shares of Kardigan in a research note on Monday. They issued a “buy” rating and a $46.00 price objective for the company. Finally, Jefferies Financial Group started coverage on shares of Kardigan in a report on Monday. They issued a “buy” rating and a $40.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.50.

Kardigan Trading Up 0.5%

KARD stock opened at $21.13 on Wednesday. Kardigan has a 12-month low of $16.25 and a 12-month high of $27.00.

Insider Buying and Selling

In other news, Director Paul L. Berns bought 1,250,000 shares of Kardigan stock in a transaction that occurred on Monday, June 22nd. The shares were purchased at an average price of $16.00 per share, with a total value of $20,000,000.00. Following the completion of the acquisition, the director directly owned 15,042,035 shares in the company, valued at $240,672,560. The trade was a 9.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arch Venture Partners Xiii, Ll bought 1,250,000 shares of Kardigan stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of $16.00 per share, for a total transaction of $20,000,000.00. Following the acquisition, the director owned 15,042,035 shares of the company’s stock, valued at $240,672,560. This represents a 9.06% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.