Trexquant Investment LP Purchases 475,063 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Trexquant Investment LP grew its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 656.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 547,462 shares of the company's stock after buying an additional 475,063 shares during the period. Trexquant Investment LP owned approximately 0.24% of Kyndryl worth $18,942,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in shares of 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 period. Wealth Enhancement Advisory Services LLC grew its holdings in Kyndryl by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company's stock valued at $1,037,000 after purchasing an additional 312 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Kyndryl by 0.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,298 shares of the company's stock worth $1,775,000 after purchasing an additional 332 shares during the period. Brown Brothers Harriman & Co. lifted its stake in Kyndryl by 19.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,259 shares of the company's stock worth $78,000 after purchasing an additional 370 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Kyndryl by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company's stock valued at $2,232,000 after buying an additional 400 shares during the period. 71.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction that occurred on 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 transaction, the general counsel now directly owns 132,818 shares in the company, valued at approximately $5,688,594.94. This trade represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Vineet Khurana sold 55,465 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 43,877 shares of the company's stock, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Kyndryl Trading Down 7.4 %

Shares of NYSE:KD traded down $2.29 during trading on Friday, reaching $28.71. 3,371,394 shares of the company were exchanged, compared to its average volume of 2,031,163. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $6.68 billion, a PE ratio of 52.21, a P/E/G ratio of 10.84 and a beta of 1.91. The business's fifty day simple moving average is $36.90 and its 200-day simple moving average is $32.65. Kyndryl Holdings, Inc. has a 12-month low of $19.24 and a 12-month high of $43.61.

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.