Kyndryl Holdings, Inc. (NYSE:KD) SVP Sells $2,374,456.65 in Stock

Kyndryl Holdings, Inc. (NYSE:KD) SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction on 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 transaction, the senior vice president now owns 43,877 shares of the company’s stock, valued at $1,878,374.37. The trade was a 55.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Kyndryl Stock Performance

NYSE:KD opened at $41.78 on Monday. The stock has a 50-day moving average price of $36.87 and a 200 day moving average price of $29.15. The stock has a market capitalization of $9.70 billion, a P/E ratio of 75.96, a P/E/G ratio of 12.64 and a beta of 1.86. Kyndryl Holdings, Inc. has a 12-month low of $19.24 and a 12-month high of $43.61. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65.

Institutional Trading of Kyndryl

A number of large investors have recently added to or reduced their stakes in KD. HighTower Advisors LLC lifted its position in Kyndryl by 4.8% during the fourth quarter. HighTower Advisors LLC now owns 31,109 shares of the company’s stock valued at $1,076,000 after purchasing an additional 1,432 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kyndryl by 16.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,680 shares of the company’s stock valued at $2,100,000 after buying an additional 8,513 shares in the last quarter. AlphaQuest LLC raised its position in shares of Kyndryl by 147.3% during the 4th quarter. AlphaQuest LLC now owns 1,877 shares of the company’s stock valued at $65,000 after buying an additional 1,118 shares in the last quarter. Amundi lifted its holdings in shares of Kyndryl by 65.4% in the 4th quarter. Amundi now owns 223,594 shares of the company’s stock valued at $8,434,000 after acquiring an additional 88,404 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in Kyndryl in the fourth quarter worth about $272,000. Institutional investors own 71.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Oppenheimer upped their price objective on Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Susquehanna upped their price target on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. Finally, Bank of America started coverage on Kyndryl in a report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price objective for the company.

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.