GMT Capital Corp Raises Position in Kyndryl Holdings, Inc. (NYSE:KD)

GMT Capital Corp grew its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,973,560 shares of the company's stock after buying an additional 418,900 shares during the quarter. Kyndryl makes up 5.0% of GMT Capital Corp's portfolio, making the stock its 5th largest position. GMT Capital Corp owned about 1.28% of Kyndryl worth $102,885,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KD. FMR LLC raised its holdings in shares of Kyndryl by 105.5% in the 4th quarter. FMR LLC now owns 12,408,449 shares of the company's stock valued at $429,332,000 after purchasing an additional 6,371,541 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Kyndryl by 123.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock valued at $127,434,000 after buying an additional 2,033,549 shares during the period. Invesco Ltd. lifted its position in shares of Kyndryl by 39.9% in the fourth quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock valued at $81,177,000 after buying an additional 669,097 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of Kyndryl during the 4th quarter worth approximately $16,856,000. Finally, Trexquant Investment LP raised its stake in Kyndryl by 656.2% in the 4th quarter. Trexquant Investment LP now owns 547,462 shares of the company's stock valued at $18,942,000 after acquiring an additional 475,063 shares during the period. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Stock Performance

Shares of KD traded down $0.52 during midday trading on Monday, reaching $31.54. 501,810 shares of the stock were exchanged, compared to its average volume of 2,050,702. The stock's 50 day simple moving average is $33.33 and its 200 day simple moving average is $33.40. The company has a market cap of $7.34 billion, a P/E ratio of 57.35, a PEG ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a twelve month low of $19.57 and a twelve month high of $43.61. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55.

Wall Street Analysts Forecast Growth

KD has been the subject of a number of research analyst reports. 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 research report on Wednesday, April 23rd. Oppenheimer upped their price target on shares of Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th.

Insider Buying and Selling

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the company'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 sale, the senior vice president now owns 43,877 shares of the company's stock, valued at approximately $1,878,374.37. The trade was a 55.83 % 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.

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.