155,512 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Bought by EAM Investors LLC

EAM Investors LLC bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 155,512 shares of the company’s stock, valued at approximately $5,381,000. Kyndryl accounts for approximately 0.8% of EAM Investors LLC’s portfolio, making the stock its 22nd biggest position. EAM Investors LLC owned approximately 0.07% of Kyndryl at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Kyndryl in the fourth quarter worth approximately $280,000. XTX Topco Ltd increased its stake in shares of Kyndryl by 31.3% in the 4th quarter. XTX Topco Ltd now owns 18,580 shares of the company’s stock worth $643,000 after purchasing an additional 4,428 shares in the last quarter. Mariner LLC raised its holdings in Kyndryl by 4.5% in the 4th quarter. Mariner LLC now owns 51,289 shares of the company’s stock worth $1,775,000 after purchasing an additional 2,190 shares during the period. Rockefeller Capital Management L.P. purchased a new position in Kyndryl during the fourth quarter valued at $13,464,000. Finally, Sterling Capital Management LLC grew its holdings in Kyndryl by 55.4% during the fourth quarter. Sterling Capital Management LLC now owns 13,480 shares of the company’s stock valued at $466,000 after purchasing an additional 4,807 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Trading Up 1.4 %

Shares of Kyndryl stock opened at $30.27 on Wednesday. Kyndryl Holdings, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $43.61. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $7.04 billion, a P/E ratio of 55.03, a P/E/G ratio of 10.84 and a beta of 1.91. The company has a fifty day moving average of $35.11 and a 200 day moving average of $32.96.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of the business’s stock in a transaction on 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 directly owns 132,818 shares in the company, valued at $5,688,594.94. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

Kyndryl Profile

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.