14,222 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Acquired by one8zero8 LLC

one8zero8 LLC purchased a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,222 shares of the company's stock, valued at approximately $492,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KD. EverSource Wealth Advisors LLC increased its stake in 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 purchasing an additional 297 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Kyndryl by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company's stock worth $1,037,000 after buying an additional 312 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Kyndryl by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company's stock worth $2,232,000 after buying an additional 400 shares in the last quarter. UMB Bank n.a. boosted its holdings in Kyndryl by 27.1% during the fourth quarter. UMB Bank n.a. now owns 1,916 shares of the company's stock worth $66,000 after buying an additional 408 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Kyndryl by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 47,226 shares of the company's stock worth $1,634,000 after buying an additional 428 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, General Counsel Edward Sebold sold 27,500 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were 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 of the company's stock, valued at $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the company'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 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. Company insiders own 1.04% of the company's stock.

Kyndryl Price Performance

KD traded down $1.24 during midday trading on Thursday, reaching $34.23. 2,884,232 shares of the company's stock were exchanged, compared to its average volume of 1,869,060. 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 stock has a market capitalization of $7.96 billion, a PE ratio of 62.23, a P/E/G ratio of 10.84 and a beta of 1.85. The business's 50-day moving average price is $38.21 and its 200 day moving average price is $31.83. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $43.61.

Analyst Upgrades and Downgrades

KD has been the topic of a number of research analyst reports. Susquehanna boosted their price objective on shares of Kyndryl from $40.00 to $46.00 and gave the stock a "positive" rating in a report on Wednesday, February 5th. Oppenheimer lifted their target price 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. Finally, Bank of America started coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a "buy" rating and a $40.00 target price for the company.

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.