Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Arnhold LLC

Arnhold LLC decreased its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 19.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 887,363 shares of the company's stock after selling 221,099 shares during the quarter. Kyndryl comprises about 3.0% of Arnhold LLC's holdings, making the stock its 6th largest position. Arnhold LLC owned 0.38% of Kyndryl worth $30,703,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Kyndryl by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company's stock valued at $964,434,000 after buying an additional 79,575 shares during the period. FMR LLC boosted its holdings in shares of Kyndryl by 105.5% during the fourth quarter. FMR LLC now owns 12,408,449 shares of the company's stock worth $429,332,000 after purchasing an additional 6,371,541 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Kyndryl by 123.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock valued at $127,434,000 after purchasing an additional 2,033,549 shares during the period. GMT Capital Corp increased its stake in Kyndryl by 16.4% in the fourth quarter. GMT Capital Corp now owns 2,973,560 shares of the company's stock valued at $102,885,000 after purchasing an additional 418,900 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Kyndryl by 39.9% in the fourth quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock valued at $81,177,000 after purchasing an additional 669,097 shares during the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Kyndryl Stock Up 1.9 %

Shares of NYSE:KD traded up $0.61 during midday trading on Tuesday, hitting $32.65. 1,459,363 shares of the company's stock traded hands, compared to its average volume of 2,446,735. Kyndryl Holdings, Inc. has a twelve month low of $19.58 and a twelve month high of $43.61. The company has a market cap of $7.60 billion, a PE ratio of 59.36, a P/E/G ratio of 10.84 and a beta of 1.91. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. The firm's fifty day moving average price is $33.33 and its two-hundred day moving average price is $33.40.

Insider Activity

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KD shares. Susquehanna dropped their price objective on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Oppenheimer upped their price target on shares of Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a research report 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.