Kodiak AI (NASDAQ:KDK) Price Target Lowered to $15.00 at Chardan Capital

Kodiak AI (NASDAQ:KDK) had its price objective dropped by analysts at Chardan Capital from $22.00 to $15.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Chardan Capital’s price objective would indicate a potential upside of 64.84% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. TD Cowen reduced their price objective on shares of Kodiak AI from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Kodiak AI in a research report on Friday, March 27th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $14.30.

Kodiak AI Price Performance

KDK opened at $9.10 on Friday. The firm has a fifty day moving average price of $8.28 and a 200 day moving average price of $8.44. Kodiak AI has a 1 year low of $5.43 and a 1 year high of $11.62. The stock has a market cap of $1.66 billion, a P/E ratio of -13.79 and a beta of 0.40.

Institutional Investors Weigh In On Kodiak AI

A number of large investors have recently modified their holdings of KDK. JPMorgan Chase & Co. purchased a new stake in shares of Kodiak AI during the third quarter worth $36,000. Parkside Financial Bank & Trust purchased a new stake in shares of Kodiak AI during the fourth quarter worth $44,000. Farther Finance Advisors LLC purchased a new stake in shares of Kodiak AI during the fourth quarter worth $78,000. Cannon Global Investment Management LLC purchased a new stake in shares of Kodiak AI during the first quarter worth $119,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Kodiak AI by 143.5% during the first quarter. Bank of New York Mellon Corp now owns 25,779 shares of the company’s stock worth $179,000 after buying an additional 15,190 shares in the last quarter. Hedge funds and other institutional investors own 72.95% of the company’s stock.

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. 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.