Friedenthal Financial Makes New $1.03 Million Investment in Kyndryl Holdings, Inc. (NYSE:KD)

Friedenthal Financial purchased a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 32,873 shares of the company's stock, valued at approximately $1,032,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in shares of Kyndryl in the 1st quarter valued at $27,000. True Wealth Design LLC increased its stake in shares of 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. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Kyndryl in the 4th quarter valued at $30,000. Millstone Evans Group LLC bought a new stake in shares of Kyndryl in the 4th quarter valued at $35,000. Finally, Versant Capital Management Inc increased its stake in shares of Kyndryl by 1,143.0% in the 1st quarter. Versant Capital Management Inc now owns 1,069 shares of the company's stock valued at $34,000 after acquiring an additional 983 shares in the last quarter. Institutional investors own 71.53% of the company's stock.

Insider Buying and Selling at Kyndryl

In other news, SVP Vineet Khurana sold 26,451 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $39.14, for a total value of $1,035,292.14. Following the completion of the sale, the senior vice president now owns 73,278 shares in the company, valued at $2,868,100.92. This represents a 26.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.04% of the stock is currently owned by company insiders.

Kyndryl Stock Performance

Shares of KD stock opened at $40.19 on Thursday. The firm has a market capitalization of $9.30 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 0.91 and a beta of 1.95. The firm has a fifty day simple moving average of $36.25 and a two-hundred day simple moving average of $36.21. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.29. Kyndryl Holdings, Inc. has a 12 month low of $21.34 and a 12 month high of $43.61.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, meeting analysts' consensus estimates of $0.52. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. Kyndryl had a net margin of 1.67% and a return on equity of 15.97%. Kyndryl's quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) EPS. Analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Oppenheimer lifted their price objective on shares of Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Wall Street Zen lowered shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Susquehanna lowered their price objective on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company 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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