Kyndryl (NYSE:KD) Given New $43.00 Price Target at Susquehanna

Kyndryl (NYSE:KD) had its price objective reduced by Susquehanna from $46.00 to $43.00 in a research note published on Wednesday, MarketBeat.com reports. Susquehanna currently has a positive rating on the stock.

Separately, Oppenheimer lifted their target price on Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th.

Kyndryl Trading Up 0.8 %

Shares of KD stock opened at $32.02 on Wednesday. Kyndryl has a fifty-two week low of $19.24 and a fifty-two week high of $43.61. The stock’s fifty day moving average price is $33.52 and its two-hundred day moving average price is $33.22. 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 company has a market cap of $7.45 billion, a PE ratio of 58.22, a P/E/G ratio of 10.84 and a beta of 1.91.

Insider Activity at Kyndryl

In related 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 value of $1,177,825.00. Following the sale, the general counsel now 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 document filed with the SEC, which is available through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the firm’s stock in a transaction 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 represents 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 currently owned by company insiders.

Hedge Funds Weigh In On Kyndryl

A number of hedge funds have recently made changes to their positions in KD. Jag Capital Management LLC raised its holdings in Kyndryl by 3,273.7% during the 1st quarter. Jag Capital Management LLC now owns 285,450 shares of the company’s stock worth $8,963,000 after purchasing an additional 276,989 shares during the last quarter. Money Concepts Capital Corp raised its stake in Kyndryl by 4.3% during the first quarter. Money Concepts Capital Corp now owns 29,869 shares of the company’s stock worth $938,000 after buying an additional 1,242 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new position in Kyndryl in the first quarter valued at $310,000. Harbour Capital Advisors LLC grew its holdings in Kyndryl by 14.8% during the 1st quarter. Harbour Capital Advisors LLC now owns 30,690 shares of the company’s stock worth $951,000 after acquiring an additional 3,965 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Kyndryl by 19.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,591 shares of the company’s stock worth $741,000 after acquiring an additional 3,894 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors.

About Kyndryl

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.