Castleark Management LLC Buys 14,400 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Castleark Management LLC boosted its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 337,970 shares of the company’s stock after acquiring an additional 14,400 shares during the quarter. Castleark Management LLC owned 0.15% of Kyndryl worth $7,767,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in Kyndryl during the third quarter worth $29,000. UMB Bank n.a. raised its holdings 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 acquiring an additional 462 shares during the period. Headlands Technologies LLC lifted its position in Kyndryl by 60.2% during the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after acquiring an additional 554 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Kyndryl during the second quarter worth approximately $39,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Kyndryl by 33.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock valued at $44,000 after purchasing an additional 422 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KD shares. Susquehanna upped their price objective on Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a report on Friday, November 22nd. Bank of America initiated coverage on shares of Kyndryl in a research report on Friday, November 22nd. They issued a “buy” rating and a $40.00 target price for the company. Finally, Oppenheimer raised their price target on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $33.00.

Kyndryl Trading Down 0.5 %

KD stock opened at $34.49 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. Kyndryl Holdings, Inc. has a 52 week low of $18.05 and a 52 week high of $35.23. The business has a 50-day simple moving average of $27.24 and a 200 day simple moving average of $25.77.

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.