Edward Sebold Sells 27,500 Shares of Kyndryl Holdings, Inc. (NYSE:KD) Stock

Kyndryl Holdings, Inc. (NYSE:KD - Get Free Report) General Counsel Edward Sebold sold 27,500 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the completion of the transaction, the general counsel now owns 132,818 shares in the company, valued at approximately $5,688,594.94. This trade represents a 17.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Kyndryl Price Performance

Kyndryl stock traded down $0.80 during mid-day trading on Monday, reaching $41.00. 1,663,538 shares of the company were exchanged, compared to its average volume of 2,596,863. The firm has a market cap of $9.52 billion, a PE ratio of 74.54, a PEG ratio of 12.64 and a beta of 1.86. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. The company has a fifty day simple moving average of $36.87 and a 200-day simple moving average of $29.15. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61.

Institutional Trading of Kyndryl

Several large investors have recently modified their holdings of KD. ORG Wealth Partners LLC bought a new stake in Kyndryl during the third quarter worth about $29,000. UMB Bank n.a. lifted its holdings in shares of Kyndryl by 44.2% during the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company's stock worth $35,000 after acquiring an additional 462 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of Kyndryl during the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC increased its stake in Kyndryl by 35.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock valued at $39,000 after acquiring an additional 297 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised 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 in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Bank of America initiated coverage on Kyndryl in a research note on Friday, November 22nd. They issued a "buy" rating and a $40.00 price target for the company. Susquehanna upped their price target on shares of Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a research note on Wednesday, February 5th. Finally, Oppenheimer lifted their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th.

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.