Voleon Capital Management LP Invests $4.34 Million in Kyndryl Holdings, Inc. (NYSE:KD)

Voleon Capital Management LP acquired a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 125,558 shares of the company's stock, valued at approximately $4,344,000. Voleon Capital Management LP owned 0.05% of Kyndryl at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Kyndryl by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company's stock valued at $964,434,000 after purchasing an additional 79,575 shares in the last quarter. FMR LLC increased its position in Kyndryl by 105.5% during the 4th quarter. FMR LLC now owns 12,408,449 shares of the company's stock valued at $429,332,000 after buying an additional 6,371,541 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Kyndryl by 123.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock valued at $127,434,000 after acquiring an additional 2,033,549 shares in the last quarter. GMT Capital Corp raised its position in shares of Kyndryl by 16.4% in the 4th quarter. GMT Capital Corp now owns 2,973,560 shares of the company's stock worth $102,885,000 after purchasing an additional 418,900 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Kyndryl by 39.9% in the 4th quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock worth $81,177,000 after purchasing an additional 669,097 shares in the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of Kyndryl 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 transaction, the senior vice president now owns 43,877 shares of the company's stock, valued at $1,878,374.37. The trade was 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 available through the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction 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 completion of the sale, the general counsel now directly owns 132,818 shares of the company's stock, valued at approximately $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. Insiders own 1.04% of the company's stock.

Kyndryl Stock Performance

Shares of NYSE KD traded up $0.79 during midday trading on Friday, hitting $33.13. 1,339,278 shares of the company's stock traded hands, compared to its average volume of 2,051,285. The firm has a fifty day moving average of $32.71 and a 200 day moving average of $33.61. Kyndryl Holdings, Inc. has a 1 year low of $20.58 and a 1 year high of $43.61. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 60.24, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KD shares. Oppenheimer boosted their price target on Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th. 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.

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.