Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Arnhold LLC

Arnhold LLC lowered its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 19.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 887,363 shares of the company's stock after selling 221,099 shares during the period. Kyndryl accounts for 3.0% of Arnhold LLC's investment portfolio, making the stock its 6th biggest position. Arnhold LLC owned about 0.38% of Kyndryl worth $30,703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Tidal Investments LLC boosted its holdings in Kyndryl by 45.9% in the third quarter. Tidal Investments LLC now owns 102,270 shares of the company's stock valued at $2,350,000 after acquiring an additional 32,173 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in Kyndryl in the fourth quarter valued at $255,000. Dakota Wealth Management acquired a new position in Kyndryl in the fourth quarter valued at $1,221,000. Harbor Capital Advisors Inc. acquired a new position in Kyndryl in the fourth quarter valued at $2,775,000. Finally, Sky Investment Group LLC boosted its holdings in Kyndryl by 11.7% in the fourth quarter. Sky Investment Group LLC now owns 88,335 shares of the company's stock valued at $3,056,000 after acquiring an additional 9,240 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 the firm's 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 completion of the sale, the senior vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the sale, the general counsel now directly owns 132,818 shares of the company's stock, valued at $5,688,594.94. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is owned by corporate insiders.

Kyndryl Stock Down 2.2 %

NYSE:KD traded down $0.71 during trading hours on Wednesday, hitting $31.93. The stock had a trading volume of 507,445 shares, compared to its average volume of 2,044,674. 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 1-year low of $19.59 and a 1-year high of $43.61. The business has a 50 day simple moving average of $33.15 and a two-hundred day simple moving average of $33.45. The company has a market cap of $7.43 billion, a PE ratio of 58.05, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91.

Analyst Ratings Changes

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

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.