Cwm LLC Purchases 5,864 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Cwm LLC lifted its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 92.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,193 shares of the company’s stock after buying an additional 5,864 shares during the quarter. Cwm LLC’s holdings in Kyndryl were worth $280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in shares of Kyndryl in the 1st quarter valued at about $26,000. ORG Partners LLC raised its position in shares of Kyndryl by 622.4% in the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock valued at $31,000 after purchasing an additional 1,220 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of Kyndryl during the first quarter worth $33,000. Headlands Technologies LLC lifted its position in Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after acquiring an additional 554 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Kyndryl in the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Oppenheimer began coverage on Kyndryl in a report on Thursday, June 27th. They set an “outperform” rating and a $33.00 target price on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Kyndryl has an average rating of “Buy” and a consensus price target of $29.40.

Kyndryl Price Performance

Kyndryl stock opened at $24.42 on Tuesday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50 day simple moving average is $23.55 and its 200-day simple moving average is $24.30. Kyndryl Holdings, Inc. has a 1 year low of $13.87 and a 1 year high of $28.60. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of -16.39, a price-to-earnings-growth ratio of 5.42 and a beta of 1.63.

Kyndryl (NYSE:KD) last released its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.78 billion. As a group, equities research analysts expect that Kyndryl Holdings, Inc. will post 0.89 earnings per share for the current year.

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.