Kyndryl Holdings, Inc. (NYSE:KD) Shares Acquired by GMT Capital Corp

GMT Capital Corp increased its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,973,560 shares of the company's stock after buying an additional 418,900 shares during the period. Kyndryl accounts for approximately 5.0% of GMT Capital Corp's holdings, making the stock its 5th biggest position. GMT Capital Corp owned about 1.28% of Kyndryl worth $102,885,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Millstone Evans Group LLC bought a new stake in Kyndryl during the fourth quarter valued at about $35,000. Picton Mahoney Asset Management acquired a new position in shares of Kyndryl during the 4th quarter worth about $38,000. EverSource Wealth Advisors LLC boosted its stake in Kyndryl by 35.9% during the 4th 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 during the period. Sandy Spring Bank grew its holdings in Kyndryl by 41.2% in the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock valued at $52,000 after buying an additional 442 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in Kyndryl in the 4th quarter worth approximately $60,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Vineet Khurana sold 55,465 shares of the 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 completion of the transaction, the senior vice president now owns 43,877 shares of the company's stock, valued at $1,878,374.37. This represents a 55.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the firm's stock in a transaction dated 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 owns 132,818 shares of the company's stock, valued at approximately $5,688,594.94. This represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KD shares. Susquehanna increased their price objective on Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a research report on Wednesday, February 5th. Oppenheimer increased their price target on shares of Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a report on Tuesday, February 4th.

Kyndryl Price Performance

Shares of NYSE:KD opened at $29.83 on Wednesday. The firm has a market capitalization of $6.94 billion, a PE ratio of 54.24, a PEG ratio of 10.84 and a beta of 1.91. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $43.61. The business's 50 day moving average is $33.94 and its 200-day moving average is $33.18.

Kyndryl 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.

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