Insider Selling: Kyndryl Holdings, Inc. (NYSE:KD) General Counsel Sells 27,500 Shares of Stock

Kyndryl Holdings, Inc. (NYSE:KD) General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the transaction, the general counsel now directly owns 132,818 shares in the company, valued at $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Kyndryl Price Performance

Shares of NYSE:KD traded down $1.18 on Friday, hitting $41.78. The stock had a trading volume of 1,438,513 shares, compared to its average volume of 2,634,184. The company has a market capitalization of $9.70 billion, a price-to-earnings ratio of -107.12, a price-to-earnings-growth ratio of 11.00 and a beta of 1.86. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day moving average price is $36.73 and its 200-day moving average price is $29.03. Kyndryl Holdings, Inc. has a twelve month low of $19.24 and a twelve month high of $43.61.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KD shares. Oppenheimer lifted their target price on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday. Bank of America assumed coverage on Kyndryl in a report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target for the company. Finally, Susquehanna upped their target price on shares of Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research note on Wednesday.

Institutional Trading of Kyndryl

Several large investors have recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP grew its holdings in Kyndryl by 62.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock worth $74,894,000 after acquiring an additional 1,254,208 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Kyndryl by 45.9% during the third quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock valued at $2,350,000 after purchasing an additional 32,173 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Kyndryl in the fourth quarter valued at approximately $255,000. National Bank of Canada FI raised its position in Kyndryl by 33.7% in the 3rd quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock worth $15,096,000 after purchasing an additional 165,481 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Kyndryl by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock worth $45,229,000 after buying an additional 76,670 shares in the last quarter. 71.53% of the stock is owned by institutional investors.

Kyndryl Company Profile

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.