Alliancebernstein L.P. Has $10.61 Million Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Alliancebernstein L.P. decreased its position in Kyndryl Holdings, Inc. (NYSE:KD) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 306,682 shares of the company’s stock after selling 3,880 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of Kyndryl worth $10,611,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in KD. Millstone Evans Group LLC acquired a new position in Kyndryl in the 4th quarter valued at $35,000. Picton Mahoney Asset Management acquired a new position in shares of Kyndryl in the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC increased its position in Kyndryl by 35.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $39,000 after acquiring an additional 297 shares during the period. Sandy Spring Bank raised its stake in Kyndryl by 41.2% in the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company’s stock worth $52,000 after purchasing an additional 442 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in Kyndryl in the 4th quarter valued at about $60,000. Institutional investors own 71.53% of the company’s stock.

Insider Activity at Kyndryl

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the completion of the transaction, the general counsel now owns 132,818 shares of the company’s stock, valued at approximately $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the completion of the transaction, the senior vice president now directly owns 43,877 shares of the company’s stock, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Susquehanna raised their target price on shares of Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Oppenheimer raised their price objective on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th.

Kyndryl Price Performance

KD stock opened at $29.13 on Friday. The company’s 50-day moving average price is $35.84 and its two-hundred day moving average price is $32.81. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. The firm has a market cap of $6.78 billion, a P/E ratio of 52.97, a P/E/G ratio of 10.84 and a beta of 1.91.

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.