Kyndryl Holdings, Inc. (NYSE:KD) CEO Acquires $949,995.00 in Stock

Kyndryl Holdings, Inc. (NYSE:KDGet Rating) CEO Martin J. Schroeter acquired 83,700 shares of Kyndryl stock in a transaction on Friday, May 13th. The shares were bought at an average cost of $11.35 per share, for a total transaction of $949,995.00. Following the completion of the purchase, the chief executive officer now directly owns 828,040 shares of the company’s stock, valued at $9,398,254. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

NYSE:KD traded up $0.73 during midday trading on Monday, hitting $12.10. 45,165 shares of the company traded hands, compared to its average volume of 2,061,867. The firm has a fifty day moving average price of $12.29. Kyndryl Holdings, Inc. has a 12-month low of $9.93 and a 12-month high of $52.00. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.27 and a current ratio of 1.27.

Kyndryl (NYSE:KDGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.18) EPS for the quarter. The company had revenue of $4.43 billion for the quarter. Equities analysts forecast that Kyndryl Holdings, Inc. will post 0.05 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of KD. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Kyndryl during the 4th quarter worth $471,000. abrdn plc purchased a new stake in Kyndryl in the fourth quarter worth about $1,014,000. Allspring Global Investments Holdings LLC bought a new position in shares of Kyndryl during the fourth quarter valued at approximately $27,315,000. DAVENPORT & Co LLC bought a new stake in Kyndryl during the 4th quarter valued at $412,000. Finally, Texas Permanent School Fund bought a new stake in Kyndryl during the fourth quarter valued at about $2,348,000. 44.48% of the stock is owned by hedge funds and other institutional investors.

About Kyndryl (Get Rating)

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and cloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.

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