3,846,153 Shares in Kodiak AI, Inc. $KDK Acquired by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group acquired 3,846,153 Kodiak AI shares worth approximately $19.5 million, representing about 1.92% of the company. Institutional investors and hedge funds collectively own 72.95% of KDK.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $12, though price targets have been reduced and Weiss Ratings downgraded the stock to “sell.”
• Kodiak AI shares opened at $3.78 after declining 3.1%, near their 12-month low of $3.76. The company reported a quarterly loss of $0.50 per share—$0.33 worse than estimates—and revenue of $3.5 million.

Alyeska Investment Group L.P. purchased a new position in shares of Kodiak AI, Inc. (NASDAQ:KDK - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,846,153 shares of the company's stock, valued at approximately $19,538,000. Alyeska Investment Group L.P. owned about 1.92% of Kodiak AI at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KDK. JPMorgan Chase & Co. acquired a new stake in Kodiak AI during the 3rd quarter valued at approximately $36,000. Barclays PLC acquired a new stake in shares of Kodiak AI in the third quarter worth $830,000. UBS Group AG purchased a new position in shares of Kodiak AI during the third quarter worth $1,059,000. Rokos Capital Management US LP purchased a new position in shares of Kodiak AI during the third quarter worth $14,185,000. Finally, AQR Arbitrage LLC acquired a new position in Kodiak AI during the third quarter valued at $4,802,000. 72.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KDK has been the subject of a number of analyst reports. Northland Securities set a $11.00 price objective on shares of Kodiak AI in a research report on Monday, May 11th. Chardan Capital cut their price target on Kodiak AI from $22.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, May 8th. Citigroup restated a "buy" rating on shares of Kodiak AI in a research note on Wednesday, August 19th. Weiss Ratings downgraded Kodiak AI from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, July 17th. Finally, Oppenheimer began coverage on Kodiak AI in a report on Tuesday, August 25th. They issued an "outperform" rating and a $9.00 price objective on the stock. One 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Kodiak AI Trading Down 3.1%

Shares of Kodiak AI stock opened at $3.78 on Tuesday. Kodiak AI, Inc. has a twelve month low of $3.76 and a twelve month high of $11.44. The firm has a market capitalization of $758.34 million, a PE ratio of -0.80 and a beta of 0.45. The firm's 50-day moving average price is $4.49 and its 200 day moving average price is $6.68.

Kodiak AI (NASDAQ:KDK - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.33). The business had revenue of $3.50 million during the quarter. On average, sell-side analysts predict that Kodiak AI, Inc. will post -0.63 EPS for the current fiscal year.

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.

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