denkapparat Operations GmbH Takes Position in Kyndryl Holdings, Inc. (NYSE:KD)

denkapparat Operations GmbH acquired a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,376 shares of the company’s stock, valued at approximately $290,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pictet Asset Management Holding SA raised its position in shares of Kyndryl by 12.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 39,128 shares of the company’s stock valued at $1,354,000 after buying an additional 4,379 shares during the last quarter. Norges Bank purchased a new stake in Kyndryl in the 4th quarter worth approximately $14,323,000. Loomis Sayles & Co. L P purchased a new position in shares of Kyndryl during the 4th quarter worth $13,133,000. JPMorgan Chase & Co. lifted its stake in shares of Kyndryl by 17.9% during the 4th quarter. JPMorgan Chase & Co. now owns 533,265 shares of the company’s stock worth $18,451,000 after purchasing an additional 81,148 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Kyndryl by 545.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,113 shares of the company’s stock worth $861,000 after purchasing an additional 19,531 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Insider Buying and Selling at Kyndryl

In other news, SVP Vineet Khurana sold 55,465 shares of Kyndryl 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 sale, the senior vice president now owns 43,877 shares in the company, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were 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 $5,688,594.94. This trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by corporate insiders.

Kyndryl Price Performance

KD stock opened at $32.38 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a 12-month low of $19.24 and a 12-month high of $43.61. The company has a market cap of $7.53 billion, a PE ratio of 58.86, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85. The stock has a 50-day moving average price of $37.81 and a two-hundred day moving average price of $32.23.

Analyst Ratings Changes

KD has been the topic of several recent analyst reports. Oppenheimer increased their target price on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Susquehanna raised their target price on shares of Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th.

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.