Kodiak AI’s (KDK) “Buy” Rating Reiterated at Chardan Capital

Kodiak AI (NASDAQ:KDK)‘s stock had its “buy” rating reaffirmed by equities researchers at Chardan Capital in a research note issued on Wednesday,Benzinga reports. They presently have a $22.00 price target on the stock. Chardan Capital’s target price points to a potential upside of 139.65% from the stock’s current price.

KDK has been the topic of several other reports. Wall Street Zen cut Kodiak AI to a “strong sell” rating in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kodiak AI in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kodiak AI currently has a consensus rating of “Moderate Buy” and an average price target of $15.90.

Kodiak AI Trading Up 4.2%

Kodiak AI stock traded up $0.37 during trading hours on Wednesday, hitting $9.18. 393,340 shares of the company traded hands, compared to its average volume of 482,540. Kodiak AI has a 1-year low of $5.43 and a 1-year high of $11.62. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -27.00 and a beta of -0.33. The firm’s 50-day moving average price is $9.13.

Kodiak AI (NASDAQ:KDK) last posted its quarterly earnings data on Tuesday, March 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $1.05 million for the quarter, compared to analyst estimates of $0.52 million.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rokos Capital Management US LP acquired a new stake in shares of Kodiak AI during the 3rd quarter valued at $14,185,000. ARK Investment Management LLC grew its holdings in shares of Kodiak AI by 190.3% in the 4th quarter. ARK Investment Management LLC now owns 2,669,456 shares of the company’s stock worth $29,150,000 after acquiring an additional 1,749,863 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Kodiak AI by 725.0% in the 4th quarter. Geode Capital Management LLC now owns 1,213,179 shares of the company’s stock worth $13,254,000 after acquiring an additional 1,066,128 shares during the last quarter. AQR Arbitrage LLC acquired a new stake in shares of Kodiak AI during the third quarter worth $4,802,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Kodiak AI during the fourth quarter worth $6,831,000. 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.