Kardigan (NASDAQ:KARD) Raised to Hold at Zacks Research

Kardigan (NASDAQ:KARD) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

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

Kardigan Trading Down 4.4%

Shares of NASDAQ KARD opened at $21.02 on Wednesday. Kardigan has a 12-month low of $16.25 and a 12-month high of $27.00.

Insider Activity at Kardigan

In other Kardigan news, 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 completion of the acquisition, the director owned 15,042,035 shares of the company’s stock, valued at approximately $240,672,560. This represents a 9.06% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul L. Berns purchased 1,250,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average price of $16.00 per share, for a total transaction of $20,000,000.00. Following the transaction, the director owned 15,042,035 shares of the company’s stock, 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.