denkapparat Operations GmbH Invests $290,000 in Kyndryl Holdings, Inc. (NYSE:KD)

denkapparat Operations GmbH purchased a new position in Kyndryl Holdings, Inc. (NYSE:KD) in the fourth quarter, HoldingsChannel reports. The fund purchased 8,376 shares of the company’s stock, valued at approximately $290,000.

A number of other large investors have also recently added to or reduced their stakes in KD. Millstone Evans Group LLC acquired a new stake in shares of Kyndryl in the 4th quarter valued at about $35,000. Picton Mahoney Asset Management acquired a new position in shares of Kyndryl in the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC increased its holdings in shares of Kyndryl by 35.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $39,000 after acquiring an additional 297 shares during the last quarter. Sandy Spring Bank increased its holdings in shares of Kyndryl by 41.2% in the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company’s stock valued at $52,000 after acquiring an additional 442 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Kyndryl during the 4th quarter valued at approximately $60,000. 71.53% of the stock is currently owned by institutional investors.

Insider Activity

In other news, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Vineet Khurana sold 55,465 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 43,877 shares in the company, valued at approximately $1,878,374.37. The trade was a 55.83 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KD. Susquehanna increased their target price on shares of Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Oppenheimer increased their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th.

Kyndryl Stock Down 4.9 %

Kyndryl stock opened at $32.38 on Friday. 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 company has a 50-day simple moving average of $37.81 and a 200-day simple moving average of $32.23. The firm has a market capitalization of $7.53 billion, a P/E ratio of 58.86, a P/E/G ratio of 10.84 and a beta of 1.85. Kyndryl Holdings, Inc. has a one year low of $19.24 and a one year high of $43.61.

Kyndryl 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.