Harvest Fund Management Co. Ltd Purchases Shares of 23,617 Kyndryl Holdings, Inc. (NYSE:KD)

Harvest Fund Management Co. Ltd acquired a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,617 shares of the company's stock, valued at approximately $817,000.

Several other large investors also recently bought and sold shares of KD. Xponance Inc. boosted its stake in shares of Kyndryl by 6.8% in the fourth quarter. Xponance Inc. now owns 26,612 shares of the company's stock valued at $921,000 after purchasing an additional 1,692 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Kyndryl by 51.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 274,897 shares of the company's stock worth $9,511,000 after buying an additional 93,302 shares in the last quarter. Corient Private Wealth LLC boosted its position in Kyndryl by 15.8% in the 4th quarter. Corient Private Wealth LLC now owns 43,260 shares of the company's stock valued at $1,497,000 after buying an additional 5,908 shares during the last quarter. one8zero8 LLC acquired a new stake in shares of Kyndryl during the fourth quarter valued at about $492,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Kyndryl during the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Stock Down 1.1 %

Shares of KD stock traded down $0.38 during trading hours on Tuesday, hitting $34.94. 2,042,483 shares of the company were exchanged, compared to its average volume of 1,886,610. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 63.53, a P/E/G ratio of 10.84 and a beta of 1.85. Kyndryl Holdings, Inc. has a one year low of $19.24 and a one year high of $43.61. The business's 50-day simple moving average is $38.07 and its two-hundred day simple moving average is $32.13. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09.

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Insiders Place Their Bets

In related news, General Counsel Edward Sebold sold 27,500 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the transaction, the general counsel now directly owns 132,818 shares in the company, valued at $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 SEC, which is available through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $42.81, for a total transaction 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. The trade was a 55.83 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on KD shares. Susquehanna increased their price target on Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Oppenheimer increased their target price on 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.