XTX Topco Ltd Buys 4,428 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

XTX Topco Ltd increased its position in Kyndryl Holdings, Inc. (NYSE:KD) by 31.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,580 shares of the company’s stock after acquiring an additional 4,428 shares during the quarter. XTX Topco Ltd’s holdings in Kyndryl were worth $643,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KD. Tidal Investments LLC raised its stake in Kyndryl by 45.9% during the 3rd quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock valued at $2,350,000 after purchasing an additional 32,173 shares during the period. Fifth Third Wealth Advisors LLC purchased a new stake in Kyndryl during the 4th quarter valued at approximately $255,000. Dakota Wealth Management bought a new stake in shares of Kyndryl during the fourth quarter valued at approximately $1,221,000. Harbor Capital Advisors Inc. purchased a new position in shares of Kyndryl in the fourth quarter worth $2,775,000. Finally, Sky Investment Group LLC lifted its holdings in shares of Kyndryl by 11.7% in the fourth quarter. Sky Investment Group LLC now owns 88,335 shares of the company’s stock worth $3,056,000 after buying an additional 9,240 shares in the last quarter. Institutional investors own 71.53% of the company’s stock.

Insider Buying and Selling at Kyndryl

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the sale, the general counsel now directly owns 132,818 shares of the company’s stock, valued at $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Vineet Khurana sold 55,465 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $42.81, for a total value of $2,374,456.65. Following the completion of the sale, the senior vice president now directly owns 43,877 shares of the company’s stock, valued at $1,878,374.37. The trade was a 55.83 % 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.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Oppenheimer raised their target price on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Susquehanna raised their price objective on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research report on Wednesday, February 5th.

Kyndryl Trading Down 2.2 %

KD stock opened at $29.20 on Friday. The firm has a fifty day moving average price of $34.42 and a 200 day moving average price of $33.03. Kyndryl Holdings, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $43.61. The firm has a market cap of $6.79 billion, a PE ratio of 53.08, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09.

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.