389,137 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. purchased a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 389,137 shares of the company’s stock, valued at approximately $13,464,000. Rockefeller Capital Management L.P. owned approximately 0.17% of Kyndryl at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in shares of Kyndryl by 4.5% in the 3rd quarter. HighTower Advisors LLC now owns 29,677 shares of the company’s stock worth $666,000 after buying an additional 1,268 shares during the last quarter. Stifel Financial Corp grew its position in Kyndryl by 126.3% in the third quarter. Stifel Financial Corp now owns 91,598 shares of the company’s stock worth $2,105,000 after acquiring an additional 51,117 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Kyndryl by 2.6% during the third quarter. Public Employees Retirement System of Ohio now owns 91,839 shares of the company’s stock valued at $2,110,000 after purchasing an additional 2,347 shares during the period. Barclays PLC lifted its stake in shares of Kyndryl by 49.2% in the 3rd quarter. Barclays PLC now owns 255,958 shares of the company’s stock valued at $5,882,000 after purchasing an additional 84,347 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Kyndryl by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock worth $88,908,000 after purchasing an additional 63,997 shares during the period. Institutional investors own 71.53% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction dated 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. This trade represents a 17.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of 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 trade 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 corporate insiders.

Kyndryl Trading Up 1.4 %

KD opened at $30.27 on Wednesday. Kyndryl Holdings, Inc. has a one year low of $19.24 and a one year 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 has a market cap of $7.04 billion, a price-to-earnings ratio of 55.03, a P/E/G ratio of 10.84 and a beta of 1.91. The stock’s 50 day moving average price is $35.11 and its 200-day moving average price is $32.96.

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.