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

Kyndryl Holdings, Inc. (NYSE:KD) SVP Vineet Khurana sold 55,465 shares of the 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 completion of the sale, the senior vice president now owns 43,877 shares in the company, valued at approximately $1,878,374.37. The trade was a 55.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kyndryl Price Performance

Shares of NYSE:KD opened at $41.78 on Monday. Kyndryl Holdings, Inc. has a twelve month low of $19.24 and a twelve month high of $43.61. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. The company has a market cap of $9.70 billion, a PE ratio of 75.96, a price-to-earnings-growth ratio of 12.64 and a beta of 1.86. The company’s 50 day moving average is $36.87 and its 200 day moving average is $29.15.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KD. Oppenheimer increased their price target on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Susquehanna upped their price objective on shares of Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a research note on Wednesday, February 5th. Finally, Bank of America assumed coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price on the stock.

Hedge Funds Weigh In On Kyndryl

Several large investors have recently made changes to their positions in KD. FMR LLC increased its holdings in Kyndryl by 35.1% in the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock worth $138,728,000 after acquiring an additional 1,569,260 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Kyndryl by 1.7% in the third quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock valued at $88,908,000 after purchasing an additional 63,997 shares during the period. Westfield Capital Management Co. LP increased its stake 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 buying an additional 1,254,208 shares in the last quarter. Zimmer Partners LP raised its position in shares of Kyndryl by 1.9% in the third quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock valued at $62,595,000 after buying an additional 49,738 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Kyndryl by 9.6% during the 3rd quarter. Royce & Associates LP now owns 2,643,328 shares of the company’s stock worth $60,744,000 after buying an additional 232,583 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

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.