Sanctuary Advisors LLC Decreases Position in Kyndryl Holdings, Inc. (NYSE:KD)

Sanctuary Advisors LLC lessened its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,853 shares of the company’s stock after selling 441 shares during the period. Sanctuary Advisors LLC’s holdings in Kyndryl were worth $372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in Kyndryl by 27.1% in the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock valued at $66,000 after buying an additional 408 shares during the period. Fifth Third Bancorp boosted its position in Kyndryl by 27.5% in the 4th quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock valued at $80,000 after buying an additional 496 shares during the period. GAMMA Investing LLC boosted its position in Kyndryl by 24.0% in the 4th quarter. GAMMA Investing LLC now owns 2,999 shares of the company’s stock valued at $104,000 after buying an additional 580 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in Kyndryl by 983.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,109 shares of the company’s stock valued at $108,000 after buying an additional 2,822 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Kyndryl in the 4th quarter valued at $200,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Price Performance

Shares of NYSE:KD opened at $37.43 on Tuesday. The company’s fifty day moving average price is $38.34 and its 200 day moving average price is $30.81. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $8.71 billion, a P/E ratio of 68.05, a P/E/G ratio of 10.84 and a beta of 1.86.

Analyst Upgrades and Downgrades

KD has been the topic of a number of analyst reports. Susquehanna raised their price objective on shares of Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. Oppenheimer raised their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Finally, Bank of America initiated coverage on shares of Kyndryl in a report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price objective on the stock.

Insider Buying and Selling

In related news, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the sale, the senior vice president now directly owns 43,877 shares in the company, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction 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 completion of the transaction, the general counsel now owns 132,818 shares in the company, valued at approximately $5,688,594.94. This 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 owned by company insiders.

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.