Kyndryl Holdings, Inc. (NYSE:KD) General Counsel Sells $1,177,825.00 in Stock

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

Kyndryl Stock Down 2.7 %

Shares of KD stock traded down $1.18 during trading hours on Friday, hitting $41.78. 1,438,513 shares of the company were exchanged, compared to its average volume of 2,634,184. The business has a 50 day moving average of $36.73 and a two-hundred day moving average of $29.03. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61. The company has a market capitalization of $9.70 billion, a PE ratio of -107.12, a PEG ratio of 11.00 and a beta of 1.86. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in Kyndryl in the third quarter valued at $29,000. UMB Bank n.a. boosted its position in Kyndryl by 44.2% during the third quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock valued at $35,000 after purchasing an additional 462 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Kyndryl by 33.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock valued at $44,000 after purchasing an additional 422 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Kyndryl by 147.3% during the 4th quarter. AlphaQuest LLC now owns 1,877 shares of the company’s stock worth $65,000 after purchasing an additional 1,118 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings 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 buying an additional 496 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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