Analysts Set Kodiak AI, Inc. (NASDAQ:KDK) PT at $15.90

Kodiak AI, Inc. (NASDAQ:KDK) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $15.90.

Several analysts recently issued reports on KDK shares. Cantor Fitzgerald started coverage on Kodiak AI in a research note on Monday, October 20th. They set an “overweight” rating and a $13.00 target price on the stock. Citigroup began coverage on shares of Kodiak AI in a report on Monday, October 20th. They set a “buy” rating and a $13.50 price objective for the company. Wall Street Zen downgraded shares of Kodiak AI to a “strong sell” rating in a report on Friday. TD Cowen began coverage on shares of Kodiak AI in a research report on Monday, November 10th. They set a “buy” rating and a $14.00 target price for the company. Finally, Zacks Research raised shares of Kodiak AI to a “hold” rating in a research note on Tuesday, October 21st.

Kodiak AI Price Performance

Shares of Kodiak AI stock opened at $6.00 on Tuesday. Kodiak AI has a fifty-two week low of $5.77 and a fifty-two week high of $11.62. The company has a market cap of $1.09 billion, a P/E ratio of -17.65 and a beta of -0.18. The business has a fifty day moving average price of $7.76.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rokos Capital Management US LP purchased a new stake in shares of Kodiak AI in the third quarter worth about $14,185,000. ARK Investment Management LLC purchased a new position in Kodiak AI during the 3rd quarter valued at approximately $6,290,000. AQR Arbitrage LLC bought a new stake in Kodiak AI in the 3rd quarter worth approximately $4,802,000. Amova Asset Management Americas Inc. bought a new stake in Kodiak AI in the 3rd quarter worth approximately $4,228,000. Finally, Meteora Capital LLC purchased a new stake in shares of Kodiak AI during the 3rd quarter worth approximately $3,924,000. Hedge funds and other 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.