Kyndryl Holdings, Inc. (NYSE:KD) General Counsel Edward Sebold Sells 27,500 Shares

Kyndryl Holdings, Inc. (NYSE:KD) General Counsel Edward Sebold sold 27,500 shares of the company’s 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 transaction, the general counsel now directly owns 132,818 shares in the company, valued at $5,688,594.94. This represents a 17.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Kyndryl Trading Down 2.7 %

NYSE:KD opened at $41.78 on Friday. Kyndryl Holdings, Inc. has a 52-week low of $19.24 and a 52-week high of $43.61. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. The stock has a fifty day simple moving average of $36.73 and a 200-day simple moving average of $29.03. The company has a market capitalization of $9.70 billion, a PE ratio of -107.12, a price-to-earnings-growth ratio of 11.00 and a beta of 1.86.

Hedge Funds Weigh In On Kyndryl

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new position in shares of Kyndryl during the 3rd quarter worth approximately $29,000. UMB Bank n.a. lifted its stake in Kyndryl by 44.2% in the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock valued at $35,000 after buying an additional 462 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Kyndryl by 33.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock valued at $44,000 after buying an additional 422 shares during the last quarter. AlphaQuest LLC increased its position in Kyndryl by 147.3% during the fourth quarter. AlphaQuest LLC now owns 1,877 shares of the company’s stock worth $65,000 after buying an additional 1,118 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Kyndryl by 27.5% in the fourth quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock worth $80,000 after acquiring an additional 496 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Oppenheimer upped their price target on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday. Bank of America assumed coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price on the stock. Finally, Susquehanna lifted their price target on shares of Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research report on Wednesday.

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.