Investors Purchase Large Volume of Kyndryl Put Options (NYSE:KD)

Kyndryl Holdings, Inc. (NYSE:KD) was the recipient of some unusual options trading activity on Monday. Stock traders acquired 12,165 put options on the company. This is an increase of 411% compared to the typical daily volume of 2,381 put options.

Insider Buying and Selling at Kyndryl

In related news, SVP Vineet Khurana sold 55,465 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the completion of the sale, the senior vice president now owns 43,877 shares in the company, valued at approximately $1,878,374.37. This represents a 55.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Edward Sebold sold 27,500 shares of the firm’s stock in a transaction on 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 transaction, the general counsel now owns 132,818 shares in the company, valued at approximately $5,688,594.94. This trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On Kyndryl

A number of hedge funds have recently modified their holdings of KD. FMR LLC raised its stake in shares of Kyndryl by 105.5% in the fourth quarter. FMR LLC now owns 12,408,449 shares of the company’s stock valued at $429,332,000 after buying an additional 6,371,541 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Kyndryl by 123.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company’s stock worth $127,434,000 after acquiring an additional 2,033,549 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in Kyndryl by 62.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock valued at $74,894,000 after acquiring an additional 1,254,208 shares during the period. Deutsche Bank AG lifted its holdings in Kyndryl by 95.9% during the fourth quarter. Deutsche Bank AG now owns 2,147,009 shares of the company’s stock valued at $74,287,000 after purchasing an additional 1,050,856 shares during the last quarter. Finally, Cinctive Capital Management LP bought a new position in Kyndryl during the third quarter worth about $20,213,000. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

Shares of KD stock opened at $34.94 on Wednesday. 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 firm has a market cap of $8.13 billion, a price-to-earnings ratio of 63.53, a P/E/G ratio of 10.84 and a beta of 1.85. Kyndryl has a 52 week low of $19.24 and a 52 week high of $43.61. The firm’s 50-day simple moving average is $38.02 and its two-hundred day simple moving average is $32.22.

Analyst Ratings Changes

KD has been the topic of several recent analyst reports. Oppenheimer lifted their target price on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Susquehanna lifted their price target on Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th.

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.