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

Kardigan, Inc. (NASDAQ:KARD) has been given a consensus rating of “Moderate Buy” by the five analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $43.50.

Several equities research analysts have recently weighed in on KARD shares. Zacks Research raised shares of Kardigan to a “hold” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. initiated coverage on shares of Kardigan in a research note on Monday, July 13th. They set an “overweight” rating and a $51.00 price target for the company. Leerink Partners initiated coverage on shares of Kardigan in a report on Monday, July 13th. They set an “outperform” rating and a $37.00 price target on the stock. Wall Street Zen upgraded shares of Kardigan to a “hold” rating in a report on Saturday, June 27th. Finally, Jefferies Financial Group started coverage on shares of Kardigan in a research report on Monday, July 13th. They issued a “buy” rating and a $40.00 price objective on the stock.

Insider Buying and Selling

In other Kardigan news, Director Paul L. Berns purchased 1,250,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of $16.00 per share, with a total value of $20,000,000.00. Following the purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arch Venture Partners Xiii, Ll purchased 1,250,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average cost of $16.00 per share, with a total value of $20,000,000.00. Following the completion of the purchase, 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 position. Additional details regarding this purchase are available in the official SEC disclosure.

Kardigan Price Performance

Shares of KARD opened at $21.13 on Friday. Kardigan has a 52-week low of $16.25 and a 52-week high of $27.00.