AlphaQuest LLC Has $65,000 Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

AlphaQuest LLC increased its position in Kyndryl Holdings, Inc. (NYSE:KD) by 147.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,877 shares of the company’s stock after purchasing an additional 1,118 shares during the quarter. AlphaQuest LLC’s holdings in Kyndryl were worth $65,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KD. UMB Bank n.a. grew its position in shares of Kyndryl by 27.1% during the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock worth $66,000 after buying an additional 408 shares during the period. Fifth Third Bancorp grew its position in shares of Kyndryl by 27.5% during the 4th quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock worth $80,000 after buying an additional 496 shares during the period. IFP Advisors Inc grew its position in shares of Kyndryl by 56.4% during the 4th quarter. IFP Advisors Inc now owns 2,457 shares of the company’s stock worth $85,000 after buying an additional 886 shares during the period. GAMMA Investing LLC grew its position in shares of Kyndryl by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 2,999 shares of the company’s stock worth $104,000 after buying an additional 580 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Kyndryl by 983.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,109 shares of the company’s stock worth $108,000 after buying an additional 2,822 shares during the period. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on KD. Bank of America assumed coverage on Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price for the company. Oppenheimer lifted their price objective on Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Finally, Susquehanna lifted their price objective on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a report on Wednesday, February 5th.

Kyndryl Trading Up 2.6 %

NYSE KD opened at $35.41 on Thursday. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s 50 day moving average price is $38.21 and its two-hundred day moving average price is $31.83. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 64.38, a PEG ratio of 10.84 and a beta of 1.85.

Insiders Place Their Bets

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the company’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 completion of the transaction, the general counsel now owns 132,818 shares of the company’s stock, valued at $5,688,594.94. This represents a 17.15 % decrease in their position. The transaction 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 company’s stock in a transaction that occurred on 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 directly owns 43,877 shares of the company’s stock, valued at approximately $1,878,374.37. This trade represents a 55.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.04% of the company’s stock.

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.