Kyndryl Holdings, Inc. (NYSE:KD) SVP Vineet Khurana Sells 55,465 Shares of Stock

Kyndryl Holdings, Inc. (NYSE:KD) SVP Vineet Khurana sold 55,465 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total value of $2,374,456.65. Following the sale, the senior vice president now owns 43,877 shares of the company’s stock, valued at approximately $1,878,374.37. This represents a 55.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kyndryl Stock Down 2.7 %

Kyndryl stock opened at $41.78 on Friday. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $43.61. The business has a fifty day moving average price of $36.73 and a 200-day moving average price of $29.03. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of -107.12, a PEG ratio of 11.00 and a beta of 1.86.

Institutional Investors Weigh In On Kyndryl

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new stake in Kyndryl in the 3rd quarter worth approximately $29,000. UMB Bank n.a. raised its holdings in shares of Kyndryl by 44.2% in the third quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after buying an additional 462 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Kyndryl by 33.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock worth $44,000 after buying an additional 422 shares during the period. AlphaQuest LLC grew its holdings in shares of Kyndryl by 147.3% during the fourth quarter. AlphaQuest LLC now owns 1,877 shares of the company’s stock valued at $65,000 after buying an additional 1,118 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Kyndryl by 27.5% in the 4th quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock valued at $80,000 after acquiring an additional 496 shares during the period. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KD has been the subject of several recent research reports. Bank of America began coverage on Kyndryl in a research report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target for the company. Susquehanna increased their price target on shares of Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research report on Wednesday. Finally, Oppenheimer raised their price target on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday.

About Kyndryl

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.