Key Points
- Vineet Khurana, Kyndryl SVP, sold 6,641 shares at an average price of $26.69 on Dec. 5 for a total of $177,248, leaving him with 59,708 shares — a reported 10.01% drop in his holdings.
- Kyndryl beat quarterly EPS estimates ($0.38 vs. $0.33) but missed revenue expectations ($3.72B vs. $3.84B), with revenue down 1.4% year-over-year, a net margin of 2.71% and ROE of 25.76%.
- The stock trades in a 52-week range of $23.28–$44.20, has a market cap of $5.93B, and carries a consensus analyst rating of "Moderate Buy" with a $38 target; institutional investors own about 71.53% of the shares.
Kyndryl Holdings, Inc. (NYSE:KD - Get Free Report) SVP Vineet Khurana sold 6,641 shares of the company's stock in a transaction on Friday, December 5th. The shares were sold at an average price of $26.69, for a total transaction of $177,248.29. Following the completion of the transaction, the senior vice president owned 59,708 shares in the company, valued at approximately $1,593,606.52. This represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Kyndryl Stock Performance
NYSE KD opened at $25.96 on Tuesday. The stock has a market cap of $5.93 billion, a PE ratio of 15.36 and a beta of 1.85. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50-day moving average of $27.19 and a 200-day moving average of $32.99. Kyndryl Holdings, Inc. has a 52-week low of $23.28 and a 52-week high of $44.20.
Kyndryl (NYSE:KD - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.84 billion. Kyndryl had a net margin of 2.71% and a return on equity of 25.76%. The business's revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. On average, sell-side analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.
Institutional Investors Weigh In On Kyndryl
Several institutional investors and hedge funds have recently bought and sold shares of the company. ST Germain D J Co. Inc. increased its holdings in Kyndryl by 135.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 668 shares of the company's stock valued at $28,000 after buying an additional 384 shares during the period. Assetmark Inc. boosted its position in shares of Kyndryl by 75.3% during the 2nd quarter. Assetmark Inc. now owns 775 shares of the company's stock worth $33,000 after acquiring an additional 333 shares in the last quarter. Quarry LP bought a new position in Kyndryl in the first quarter valued at approximately $28,000. Compass Financial Services Inc acquired a new position in Kyndryl during the first quarter valued at approximately $30,000. Finally, Virtus Advisers LLC acquired a new position in Kyndryl during the first quarter valued at approximately $31,000. Institutional investors own 71.53% of the company's stock.
Analyst Ratings Changes
KD has been the subject of several recent research reports. Morgan Stanley began coverage on Kyndryl in a research note on Friday, September 26th. They issued an "equal weight" rating and a $30.00 price target for the company. JPMorgan Chase & Co. reduced their target price on shares of Kyndryl from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, November 6th. Guggenheim raised shares of Kyndryl to a "strong-buy" rating in a research report on Wednesday, November 26th. Susquehanna set a $35.00 price objective on shares of Kyndryl in a research note on Thursday, November 6th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Kyndryl in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.
View Our Latest Report on Kyndryl
About Kyndryl
(
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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.
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