14,878 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Kyndryl Holdings, Inc. (NYSE:KD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,878 shares of the company’s stock, valued at approximately $515,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KD. Westfield Capital Management Co. LP grew its stake in shares of Kyndryl by 62.6% in the third quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock worth $74,894,000 after acquiring an additional 1,254,208 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Kyndryl by 45.9% in the third quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock worth $2,350,000 after acquiring an additional 32,173 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Kyndryl in the fourth quarter worth $255,000. National Bank of Canada FI grew its stake in shares of Kyndryl by 33.7% in the third quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock worth $15,096,000 after acquiring an additional 165,481 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Kyndryl by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock worth $45,229,000 after acquiring an additional 76,670 shares during the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $42.81, for a total value of $2,374,456.65. Following the transaction, the senior vice president now owns 43,877 shares of the company’s stock, valued at approximately $1,878,374.37. This represents a 55.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.83, for a total value of $1,177,825.00. Following the completion of the transaction, the general counsel now directly owns 132,818 shares in the company, valued at approximately $5,688,594.94. This represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.

Kyndryl Trading Up 0.1 %

Shares of NYSE:KD opened at $35.49 on Monday. The company has a market cap of $8.26 billion, a P/E ratio of 64.53, a PEG ratio of 10.84 and a beta of 1.85. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61. The stock’s fifty day moving average price is $38.50 and its 200-day moving average price is $31.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Bank of America assumed coverage on Kyndryl in a research note on Friday, November 22nd. They issued a “buy” rating and a $40.00 target price on the stock. Susquehanna increased their target price on Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a research note on Wednesday, February 5th. Finally, Oppenheimer increased their target price on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th.

Kyndryl Company 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.