Atlas Capital Advisors LLC Invests $33,000 in Kyndryl Holdings, Inc. (NYSE:KD)

Atlas Capital Advisors LLC bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,499 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fortis Group Advisors LLC increased its holdings in shares of Kyndryl by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock worth $33,000 after buying an additional 800 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Kyndryl by 100.3% in the third quarter. Raleigh Capital Management Inc. now owns 3,030 shares of the company’s stock worth $46,000 after acquiring an additional 1,517 shares in the last quarter. Pingora Partners LLC bought a new position in Kyndryl in the fourth quarter valued at $50,000. RIA Advisory Group LLC purchased a new stake in Kyndryl during the fourth quarter valued at about $138,000. Finally, AdvisorNet Financial Inc raised its position in Kyndryl by 19.7% during the first quarter. AdvisorNet Financial Inc now owns 6,407 shares of the company’s stock valued at $139,000 after purchasing an additional 1,054 shares in the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kyndryl

In other news, SVP Vineet Khurana sold 30,430 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $26.36, for a total transaction of $802,134.80. Following the completion of the sale, the senior vice president now directly owns 78,722 shares in the company, valued at $2,075,111.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Oppenheimer started coverage on Kyndryl in a report on Thursday. They issued an “outperform” rating and a $33.00 price objective for the company. Scotiabank upped their target price on Kyndryl from $28.00 to $30.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 13th. Finally, Susquehanna lifted their price target on shares of Kyndryl from $27.00 to $33.00 and gave the stock a “positive” rating in a research note on Thursday, May 9th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $29.40.

Kyndryl Price Performance

Shares of Kyndryl stock opened at $26.04 on Friday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.03 and a quick ratio of 1.03. Kyndryl Holdings, Inc. has a one year low of $11.92 and a one year high of $28.60. The business’s 50 day simple moving average is $24.84 and its two-hundred day simple moving average is $22.33. The stock has a market capitalization of $6.00 billion, a P/E ratio of -17.48, a price-to-earnings-growth ratio of 5.87 and a beta of 1.70.

Kyndryl (NYSE:KD) last issued its earnings results on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.11. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.76 billion. Kyndryl had a negative net margin of 2.12% and a negative return on equity of 4.11%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.21) earnings per share. Analysts forecast that Kyndryl Holdings, Inc. will post 0.87 EPS for the current year.

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.