Kyndryl Holdings, Inc. (NYSE:KD) Position Decreased by Kent Lake Capital LLC

Kent Lake Capital LLC reduced its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 14.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 550,000 shares of the company's stock after selling 96,087 shares during the period. Kyndryl comprises approximately 4.4% of Kent Lake Capital LLC's portfolio, making the stock its 3rd biggest position. Kent Lake Capital LLC owned about 0.24% of Kyndryl worth $11,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KD. Deutsche Bank AG grew its holdings in shares of Kyndryl by 1,266.6% in the third quarter. Deutsche Bank AG now owns 4,865,411 shares of the company's stock valued at $73,468,000 after acquiring an additional 4,509,381 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Kyndryl by 28.8% in the third quarter. Amalgamated Bank now owns 172,130 shares of the company's stock valued at $2,599,000 after acquiring an additional 38,437 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Kyndryl in the fourth quarter valued at approximately $28,992,000. American Century Companies Inc. grew its holdings in shares of Kyndryl by 510.3% in the third quarter. American Century Companies Inc. now owns 440,015 shares of the company's stock valued at $6,644,000 after acquiring an additional 367,912 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Kyndryl in the third quarter valued at approximately $963,000. 71.53% of the stock is owned by institutional investors.

Kyndryl Price Performance

KD traded up $0.48 during trading on Friday, reaching $21.99. The stock had a trading volume of 1,838,638 shares, compared to its average volume of 1,379,345. The stock has a market cap of $5.06 billion, a PE ratio of -4.85, a PEG ratio of 6.06 and a beta of 1.54. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.94 and a current ratio of 0.94. Kyndryl Holdings, Inc. has a one year low of $11.35 and a one year high of $22.90. The business has a 50-day moving average of $21.55 and a 200-day moving average of $19.08.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.14). Kyndryl had a negative net margin of 6.27% and a negative return on equity of 7.39%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.89 billion. As a group, equities research analysts anticipate that Kyndryl Holdings, Inc. will post -0.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Evercore ISI raised Kyndryl from an "in-line" rating to an "outperform" rating and set a $26.00 target price for the company in a report on Monday, January 8th. TheStreet upgraded Kyndryl from a "d" rating to a "c" rating in a research note on Tuesday, December 12th. Susquehanna upgraded Kyndryl from a "neutral" rating to a "positive" rating and upped their price objective for the company from $19.00 to $27.00 in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. upgraded Kyndryl from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $20.00 to $25.00 in a research note on Monday, December 18th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $25.00.

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.