denkapparat Operations GmbH Makes New $290,000 Investment in Kyndryl Holdings, Inc. (NYSE:KD)

denkapparat Operations GmbH purchased a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,376 shares of the company's stock, valued at approximately $290,000.

Several other institutional investors have also recently made changes to their positions in the business. FMR LLC lifted its position in Kyndryl by 35.1% during the third quarter. FMR LLC now owns 6,036,908 shares of the company's stock valued at $138,728,000 after purchasing an additional 1,569,260 shares in the last quarter. Cinctive Capital Management LP bought a new position in shares of Kyndryl in the third quarter worth about $20,213,000. Mediolanum International Funds Ltd purchased a new position in shares of Kyndryl during the 4th quarter valued at about $16,856,000. Norges Bank bought a new position in shares of Kyndryl during the 4th quarter valued at approximately $14,323,000. Finally, Loomis Sayles & Co. L P purchased a new stake in Kyndryl in the 4th quarter worth approximately $13,133,000. Institutional investors own 71.53% of the company's stock.

Insider Transactions at Kyndryl

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction that occurred 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 owns 132,818 shares of the company's stock, valued at $5,688,594.94. The trade was a 17.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $42.81, for a total value of $2,374,456.65. Following the transaction, the senior vice president now owns 43,877 shares of the company's stock, valued at $1,878,374.37. This represents a 55.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.04% of the company's stock.

Remove Ads

Kyndryl Price Performance

NYSE KD traded up $0.07 during trading hours on Monday, reaching $31.39. The company's stock had a trading volume of 1,461,653 shares, compared to its average volume of 1,998,210. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 57.01, a PEG ratio of 10.84 and a beta of 1.85. The firm's 50-day moving average price is $37.67 and its 200-day moving average price is $32.42.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KD. Susquehanna lifted their price target on shares of Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Oppenheimer lifted their target price on shares of Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th.

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.