Vineet Khurana Sells 55,465 Shares of Kyndryl Holdings, Inc. (NYSE:KD) Stock

Kyndryl Holdings, Inc. (NYSE:KD - Get Free Report) SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction dated 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 in the company, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kyndryl Stock Down 1.9 %

Shares of NYSE KD traded down $0.80 during midday trading on Monday, reaching $41.00. The company's stock had a trading volume of 1,663,538 shares, compared to its average volume of 2,596,863. The stock has a 50 day simple moving average of $36.87 and a 200-day simple moving average of $29.15. 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 stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 74.54, a PEG ratio of 12.64 and a beta of 1.86. Kyndryl Holdings, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $43.61.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Susquehanna upped 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. Bank of America initiated 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 lifted their price target on Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th.

Institutional Investors Weigh In On Kyndryl

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management acquired a new stake in shares of Kyndryl in the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC grew 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 purchasing an additional 297 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Kyndryl during the 3rd quarter worth approximately $29,000. UMB Bank n.a. increased its position 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 purchasing an additional 462 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 buying an additional 422 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

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.