Coda Octopus Group (CODA)
Supplies subsea imaging, diving, acoustic-sensor, and defense-engineering technology.
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Supplies Echoscope sonar and DAVD diving systems to commercial and defense subsea markets, alongside acoustic sensors, materials, consultancy, calibration, and defense engineering services. The company combines product businesses with long-term defense-program work.
Builds subsea imaging and diving systems through its Marine Technology business, centered on real-time volumetric Echoscope sonar, related hardware and software, and DAVD diving technology for underwater imaging and situational awareness in commercial and defense subsea applications.
The Acoustic Sensors and Materials business, added through PAL, supplies sensors, materials, consultancy, and calibration. Defense Engineering Services performs engineering work for defense programs. These capabilities extend the product portfolio beyond marine systems.
Marine sales serve commercial and defense subsea applications. The three segments combine product sales with engineering services. Operations depend on demand from those markets, execution of defense programs, and integration of PAL's expanded capabilities.
Company facts
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Jun 18, 2026 | Freedom Broker | Upgrade | Hold | Buy | |
| Jun 17, 2026 | UBS | Target | $14 | ||
| Feb 9, 2026 | Industrial Alliance Securities | Target | $14 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Apr 30, 2026Cash & short-term investments $2.0M · Total debt $384.6K · Total assets $67.3M · Shareholders' equity $61.4M
- Revenue
- $6.9M
- Operating income
- $1.8M
- Net income
- $1.7M
No dividends on record.
| Institutions66 holders · as of Mar 31, 2026 | 24.15% | 2.72M shares | |
| Insiders4 holders · as of Jun 24, 2026 | 21.31% | 2.40M shares | |
| Otherremainder | 54.54% | 6.15M shares |
11.28M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Niels SondergaardInsider10 percent owner | 18.13% | 2.05M | Form 4filed Oct 3, 2025 ↗ |
Touchstone Capital, Inc.Institution | 5.43% | 612,433 | 13D/Gfiled Oct 24, 2023 ↗ |
Tocqueville Asset Management LPInstitution | 4.82% | 544,003 | 13Gfiled Feb 16, 2021 ↗ |
John Steven EmersonInsider10 percent owner | 3.10% | 349,210 | Form 4filed Apr 20, 2026 ↗ |
Vanguard Capital Management LLCInstitution | 2.34% | 263,739 | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 11, 2026 | John Steven Emerson | 10 percent owner | −83,254 | $14.96 |
| Mar 19, 2026 | Gayle Michelle Jardine | officer: Interim CFO | −2,256 | $12.59 |
| Oct 2, 2025 | Niels Sondergaard | 10 percent owner | −150,000 | $8.15 |
| Sep 23, 2025 | Niels Sondergaard | 10 percent owner | −7,013 | $8.13 |
| Sep 22, 2025 | Niels Sondergaard | 10 percent owner | −16,995 | $8.20 |
- Teledyne Technologies
Broad underwater acoustic imaging and multibeam-sonar portfolio
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Coda Octopus Group | $10.24 | +2.50% | $112.6M | 23.0 | 19.8 | 4.0 | −1.6% |
| Teledyne Technologies | $608.70 | +0.32% | $28.11B | 29.3 | 23.8 | 4.4 | +9.8% |
| Median | 29.3 | 23.8 | 4.4 | +9.8% |