Atlas Capital Advisors LLC bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD – Free Report) 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
Check Out Our Latest Analysis on Kyndryl
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 – Get Free Report) 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.
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