Kyndryl Holdings, Inc. (NYSE:KD) SVP Vineet Khurana Sells 30,430 Shares of Stock

Kyndryl Holdings, Inc. (NYSE:KDGet Free Report) SVP Vineet Khurana sold 30,430 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $26.36, for a total transaction of $802,134.80. Following the completion of the transaction, the senior vice president now owns 78,722 shares of the company’s stock, valued at $2,075,111.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Kyndryl Trading Up 2.4 %

Shares of NYSE KD opened at $26.68 on Thursday. The business’s 50 day moving average price is $23.39 and its 200 day moving average price is $21.53. Kyndryl Holdings, Inc. has a 52 week low of $11.92 and a 52 week high of $28.60. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.77.

Kyndryl (NYSE:KDGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.11. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.76 billion. Kyndryl had a negative return on equity of 4.11% and a negative net margin of 2.12%. Kyndryl’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. On average, equities analysts predict that Kyndryl Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Kyndryl

Large investors have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in Kyndryl in the 1st quarter worth approximately $26,000. ORG Partners LLC boosted its position in Kyndryl by 622.4% in the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock worth $31,000 after purchasing an additional 1,220 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in Kyndryl in the 1st quarter worth approximately $33,000. Fortis Group Advisors LLC boosted its position in Kyndryl by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock worth $33,000 after purchasing an additional 800 shares in the last quarter. Finally, Pingora Partners LLC purchased a new stake in Kyndryl in the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Analyst Upgrades and Downgrades

KD has been the topic of several recent analyst reports. Susquehanna upped their price objective on shares of Kyndryl from $27.00 to $33.00 and gave the company a “positive” rating in a report on Thursday, May 9th. Scotiabank upped their price objective on shares of Kyndryl from $28.00 to $30.00 and gave the company a “sector outperform” rating in a report on Monday, May 13th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $28.50.

View Our Latest Analysis on Kyndryl

Kyndryl Company Profile

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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.

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