AXQ Capital LP Sells 31,793 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

AXQ Capital LP decreased its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 73.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,343 shares of the company's stock after selling 31,793 shares during the period. AXQ Capital LP's holdings in Kyndryl were worth $392,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Kyndryl by 35.9% during 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 increased its position in shares of Kyndryl by 1.1% during the fourth 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 period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Kyndryl by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,298 shares of the company's stock valued at $1,775,000 after purchasing an additional 332 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Kyndryl by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company's stock worth $2,232,000 after purchasing an additional 400 shares during the period. Finally, UMB Bank n.a. lifted its position in Kyndryl by 27.1% in the fourth quarter. UMB Bank n.a. now owns 1,916 shares of the company's stock worth $66,000 after purchasing an additional 408 shares during the period. Institutional investors own 71.53% of the company's stock.

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Insider Activity at Kyndryl

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total value of $1,177,825.00. Following the completion of the transaction, the general counsel now owns 132,818 shares in the company, valued at approximately $5,688,594.94. The trade was a 17.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of the business's stock in a transaction on Thursday, February 6th. The stock was 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 directly owns 43,877 shares in the company, valued at approximately $1,878,374.37. This 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 insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Oppenheimer raised their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. Susquehanna lifted their price objective on Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a report on Wednesday, February 5th.

Kyndryl Price Performance

Shares of NYSE KD traded down $1.69 during midday trading on Thursday, reaching $32.38. 12,300,834 shares of the company traded hands, compared to its average volume of 1,935,786. The stock's 50-day simple moving average is $37.93 and its 200-day simple moving average is $32.23. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61. The firm has a market cap of $7.53 billion, a PE ratio of 58.86, a PEG ratio of 10.84 and a beta of 1.85.

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.