Ancora Advisors LLC Sells 46,512 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Ancora Advisors LLC reduced its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510,511 shares of the company's stock after selling 46,512 shares during the period. Ancora Advisors LLC owned approximately 0.22% of Kyndryl worth $17,664,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Kyndryl in the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC bought a new position in Kyndryl during the 4th quarter worth $35,000. Picton Mahoney Asset Management bought a new stake in shares of Kyndryl in the 4th quarter valued at about $38,000. EverSource Wealth Advisors LLC increased its stake in shares of Kyndryl by 35.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock valued at $39,000 after buying an additional 297 shares during the period. Finally, Sandy Spring Bank raised its holdings in Kyndryl by 41.2% during 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 during the last quarter. Institutional investors and hedge funds own 71.53% of the company's stock.

Insider Activity at Kyndryl

In other news, SVP Vineet Khurana sold 55,465 shares of the firm's stock in a transaction on 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 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 document filed with the SEC, which is available through the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction that occurred 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 transaction, the general counsel now directly owns 132,818 shares of the company's stock, valued at $5,688,594.94. This 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 owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Oppenheimer increased their price target on Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. Susquehanna reduced their price objective on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd.

Kyndryl Price Performance

Shares of NYSE:KD opened at $33.13 on Friday. Kyndryl Holdings, Inc. has a 1-year low of $20.09 and a 1-year high of $43.61. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. The stock has a market cap of $7.71 billion, a PE ratio of 60.24, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. The stock's fifty day simple moving average is $32.71 and its two-hundred day simple moving average is $33.55.

Kyndryl Company 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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