Stock Traders Purchase High Volume of Kyndryl Put Options (NYSE:KD)

Kyndryl Holdings, Inc. (NYSE:KD) saw unusually large options trading activity on Monday. Investors purchased 12,165 put options on the company. This represents an increase of approximately 411% compared to the average daily volume of 2,381 put options.

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 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 sale, the general counsel now owns 132,818 shares in the company, valued at $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Vineet Khurana sold 55,465 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,878,374.37. This represents a 55.83 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.

Hedge Funds Weigh In On Kyndryl

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Kyndryl during the 4th quarter worth about $30,000. True Wealth Design LLC boosted its position in Kyndryl by 150.6% during the fourth quarter. True Wealth Design LLC now owns 872 shares of the company’s stock worth $30,000 after purchasing an additional 524 shares during the period. Millstone Evans Group LLC acquired a new position in Kyndryl during the fourth quarter valued at approximately $35,000. Picton Mahoney Asset Management bought a new position in shares of Kyndryl in the fourth quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC grew its stake in Kyndryl by 35.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $39,000 after buying an additional 297 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kyndryl Stock Up 2.4 %

Shares of KD stock traded up $0.84 during trading on Monday, hitting $35.41. 1,147,458 shares of the company were exchanged, compared to its average volume of 2,333,522. The business’s 50-day simple moving average is $38.10 and its 200 day simple moving average is $32.04. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 64.44, a P/E/G ratio of 10.84 and a beta of 1.85. Kyndryl has a twelve month low of $19.24 and a twelve month 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.

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.