Trexquant Investment LP Buys 475,063 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Trexquant Investment LP raised its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 656.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 547,462 shares of the company’s stock after acquiring an additional 475,063 shares during the quarter. Trexquant Investment LP’s holdings in Kyndryl were worth $18,942,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in Kyndryl by 123.3% in the 4th 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. FMR LLC lifted its position in Kyndryl by 35.1% in the third quarter. FMR LLC now owns 6,036,908 shares of the company’s stock worth $138,728,000 after purchasing an additional 1,569,260 shares during the period. Cinctive Capital Management LP acquired a new stake in Kyndryl during the third quarter worth $20,213,000. Mediolanum International Funds Ltd bought a new stake in Kyndryl in the 4th quarter valued at $16,856,000. Finally, Norges Bank acquired a new position in shares of Kyndryl in the 4th quarter valued at $14,323,000. Institutional investors and hedge funds own 71.53% of the company’s stock.

Insider Activity

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $1,177,825.00. Following 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. 1.04% of the stock is currently owned by corporate insiders.

Kyndryl Trading Up 0.2 %

Shares of KD stock opened at $31.39 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $7.31 billion, a P/E ratio of 57.08, a P/E/G ratio of 10.84 and a beta of 1.85. Kyndryl Holdings, Inc. has a 12-month low of $19.24 and a 12-month high of $43.61. The firm has a 50-day moving average price of $37.54 and a 200 day moving average price of $32.48.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Oppenheimer lifted their target price on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Susquehanna upped their price objective on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th.

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.