Kyndryl Holdings, Inc. (NYSE:KD) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 45.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,270 shares of the company's stock after acquiring an additional 32,173 shares during the period. Tidal Investments LLC's holdings in Kyndryl were worth $2,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in Kyndryl by 33.7% in 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. UMB Bank n.a. raised 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 in the last quarter. Trust Co. of Vermont lifted its stake in Kyndryl by 15.2% in the 3rd quarter. Trust Co. of Vermont now owns 3,513 shares of the company's stock valued at $81,000 after purchasing an additional 464 shares during the last quarter. Silverberg Bernstein Capital Management LLC raised its position in Kyndryl by 1.4% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 36,020 shares of the company's stock valued at $828,000 after purchasing an additional 480 shares during the last quarter. Finally, Wedmont Private Capital grew its stake in shares of Kyndryl by 4.0% in the third quarter. Wedmont Private Capital now owns 13,086 shares of the company's stock worth $307,000 after purchasing an additional 503 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Stock Up 1.0 %

NYSE:KD traded up $0.37 during midday trading on Monday, reaching $35.68. 1,324,569 shares of the stock traded hands, compared to its average volume of 1,756,683. The business has a 50-day moving average of $28.71 and a two-hundred day moving average of $26.09. Kyndryl Holdings, Inc. has a 12-month low of $18.81 and a 12-month high of $36.43. The stock has a market capitalization of $8.29 billion, a PE ratio of -91.49, a price-to-earnings-growth ratio of 8.62 and a beta of 1.86. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KD shares. Bank of America started coverage on shares of Kyndryl in a report on Friday, November 22nd. They set a "buy" rating and a $40.00 price objective on the stock. Oppenheimer increased their target price on shares of Kyndryl from $33.00 to $37.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Finally, Susquehanna boosted their target price on shares of Kyndryl from $33.00 to $40.00 and gave the company a "positive" rating in a report on Friday, November 22nd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kyndryl has a consensus rating of "Buy" and an average target price of $33.00.

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.