Kodiak AI (NASDAQ:KDK) Research Coverage Started at Oppenheimer

Oppenheimer began coverage on shares of Kodiak AI (NASDAQ:KDK) in a report released on Tuesday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $9.00 price objective on the stock.

KDK has been the topic of a number of other research reports. Northland Securities set a $11.00 price objective on shares of Kodiak AI in a research note on Monday, May 11th. Citigroup reiterated a “buy” rating on shares of Kodiak AI in a research note on Wednesday, August 19th. Wall Street Zen cut shares of Kodiak AI from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Craig Hallum started coverage on shares of Kodiak AI in a report on Monday, June 15th. They set a “buy” rating and a $12.00 price target on the stock. Finally, Chardan Capital dropped their price target on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Kodiak AI Stock Up 0.5%

Shares of KDK opened at $3.97 on Tuesday. The company has a market capitalization of $796.46 million, a price-to-earnings ratio of -0.84 and a beta of 0.45. Kodiak AI has a 52 week low of $3.76 and a 52 week high of $11.44. The stock’s 50-day moving average price is $4.59 and its 200-day moving average price is $6.75.

Kodiak AI (NASDAQ:KDK) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.33). The company had revenue of $3.50 million during the quarter. As a group, equities analysts anticipate that Kodiak AI will post -0.63 EPS for the current fiscal year.

Institutional Trading of Kodiak AI

Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new position in shares of Kodiak AI during the 2nd quarter worth approximately $121,000. Alyeska Investment Group L.P. purchased a new position in shares of Kodiak AI during the 2nd quarter valued at approximately $19,538,000. Hsbc Holdings PLC acquired a new stake in Kodiak AI in the 2nd quarter valued at $248,000. Bank of America Corp DE acquired a new stake in Kodiak AI in the 2nd quarter valued at $586,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Kodiak AI in the 2nd quarter valued at $103,000. 72.95% of the stock is owned by institutional investors and hedge funds.

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.