Insider Selling: Kyndryl Holdings, Inc. (NYSE:KD) SVP Sells $1,035,292.14 in Stock

Kyndryl Holdings, Inc. (NYSE:KD) SVP Vineet Khurana sold 26,451 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $39.14, for a total value of $1,035,292.14. Following the transaction, the senior vice president now directly owns 73,278 shares in the company, valued at $2,868,100.92. The trade was a 26.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kyndryl Stock Performance

NYSE KD opened at $40.41 on Friday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 73.47, a P/E/G ratio of 10.84 and a beta of 1.95. The company’s fifty day moving average is $34.59 and its two-hundred day moving average is $35.83. Kyndryl Holdings, Inc. has a 52-week low of $21.34 and a 52-week high of $43.61.

Kyndryl (NYSE:KD) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the firm earned ($0.01) EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Susquehanna reduced their price target on Kyndryl from $46.00 to $43.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen downgraded Kyndryl from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 24th. Finally, Oppenheimer upped their price target on Kyndryl from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th.

Hedge Funds Weigh In On Kyndryl

Several institutional investors have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in Kyndryl in the 1st quarter valued at about $27,000. Hollencrest Capital Management increased its position in Kyndryl by 637.7% in the 1st quarter. Hollencrest Capital Management now owns 900 shares of the company’s stock valued at $28,000 after acquiring an additional 778 shares in the last quarter. Quarry LP acquired a new stake in Kyndryl in the 1st quarter valued at about $28,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Kyndryl in the 4th quarter valued at about $30,000. Finally, True Wealth Design LLC increased its position in Kyndryl by 150.6% in the 4th quarter. True Wealth Design LLC now owns 872 shares of the company’s stock valued at $30,000 after acquiring an additional 524 shares in the last quarter. 71.53% of the stock is owned by institutional investors.

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.