MetLife Investment Management LLC Acquires 11,417 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

MetLife Investment Management LLC increased its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,847 shares of the company's stock after purchasing an additional 11,417 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Kyndryl worth $4,527,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in Kyndryl in the 4th quarter valued at $35,000. Picton Mahoney Asset Management acquired a new position in Kyndryl in the 4th quarter valued at $38,000. EverSource Wealth Advisors LLC grew its position in Kyndryl by 35.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $39,000 after purchasing an additional 297 shares during the last quarter. Sandy Spring Bank grew its position in Kyndryl by 41.2% in 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. Finally, Lee Danner & Bass Inc. acquired a new stake in Kyndryl in the 4th quarter worth $60,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Stock Down 1.8 %

Shares of KD traded down $0.59 during midday trading on Wednesday, hitting $32.05. The stock had a trading volume of 319,366 shares, compared to its average volume of 2,044,069. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The company has a 50 day simple moving average of $33.15 and a two-hundred day simple moving average of $33.45. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 58.08, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a twelve month low of $19.59 and a twelve month high of $43.61.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KD shares. Oppenheimer raised their price target 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 decreased their target price on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd.

Insiders Place Their Bets

In related 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 value of $2,374,456.65. Following the transaction, the senior vice president now owns 43,877 shares in the company, valued at approximately $1,878,374.37. This trade represents a 55.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Edward Sebold sold 27,500 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.83, for a total value of $1,177,825.00. Following the completion of the sale, the general counsel now directly owns 132,818 shares in the company, valued at $5,688,594.94. This trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.04% of the company's stock.

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.