248,912 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 248,912 shares of the company's stock, valued at approximately $8,612,000. Castlekeep Investment Advisors LLC owned about 0.11% of Kyndryl as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in Kyndryl by 49.2% during the 3rd quarter. Barclays PLC now owns 255,958 shares of the company's stock worth $5,882,000 after acquiring an additional 84,347 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kyndryl in the 3rd quarter valued at about $171,000. Tidal Investments LLC boosted its position in shares of Kyndryl by 45.9% in the 3rd quarter. Tidal Investments LLC now owns 102,270 shares of the company's stock valued at $2,350,000 after purchasing an additional 32,173 shares during the period. Synovus Financial Corp grew its stake in Kyndryl by 11.5% during the 3rd quarter. Synovus Financial Corp now owns 25,074 shares of the company's stock worth $576,000 after buying an additional 2,581 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Kyndryl by 15.1% during the third quarter. Franklin Resources Inc. now owns 90,068 shares of the company's stock worth $2,237,000 after buying an additional 11,786 shares during the period. Institutional investors and hedge funds own 71.53% of the company's stock.

Insider Buying and Selling

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total value of $1,177,825.00. Following the completion of the transaction, the general counsel now owns 132,818 shares in the company, valued at approximately $5,688,594.94. This represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Vineet Khurana sold 55,465 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $42.81, for a total value 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 approximately $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 corporate insiders.

Kyndryl Stock Performance

Shares of KD opened at $33.13 on Monday. The stock has a market capitalization of $7.71 billion, a P/E ratio of 60.24, a P/E/G ratio of 10.84 and a beta of 1.91. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. Kyndryl Holdings, Inc. has a 1 year low of $20.58 and a 1 year high of $43.61. The company's fifty day moving average is $32.71 and its two-hundred day moving average is $33.67.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on KD shares. Oppenheimer raised their target price on shares of Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Susquehanna dropped their price objective on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd.

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.

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