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 that occurred on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the completion of the transaction, the senior vice president now owns 43,877 shares in the company, valued at approximately $1,878,374.37. This trade represents a 55.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Kyndryl Trading Down 2.7 %

Kyndryl stock opened at $41.78 on Friday. 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 firm has a market cap of $9.70 billion, a PE ratio of -107.12, a P/E/G ratio of 11.00 and a beta of 1.86. The stock’s 50 day simple moving average is $36.73 and its two-hundred day simple moving average is $29.03. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61.

Analysts Set New Price Targets

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

Institutional Trading of Kyndryl

A number of hedge funds have recently added to or reduced their stakes in KD. Wealth Enhancement Advisory Services LLC grew its holdings in Kyndryl by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company’s stock valued at $1,037,000 after purchasing an additional 312 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Kyndryl by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company’s stock valued at $2,232,000 after buying an additional 400 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Kyndryl by 27.1% during the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock valued at $66,000 after buying an additional 408 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Kyndryl by 33.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock valued at $44,000 after acquiring an additional 422 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its holdings in Kyndryl by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 47,226 shares of the company’s stock worth $1,634,000 after acquiring an additional 428 shares in the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

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.