Kyndryl Holdings, Inc. (NYSE:KD) Receives $29.40 Average Target Price from Analysts

Kyndryl Holdings, Inc. (NYSE:KD) has been assigned a consensus rating of “Buy” from the five research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is $29.40.

KD has been the topic of a number of recent research reports. Scotiabank raised their target price on Kyndryl from $28.00 to $30.00 and gave the company a “sector outperform” rating in a research note on Monday, May 13th. Susquehanna boosted their target price on shares of Kyndryl from $27.00 to $33.00 and gave the company a “positive” rating in a research note on Thursday, May 9th. Finally, Oppenheimer began coverage on shares of Kyndryl in a research note on Thursday, June 27th. They issued an “outperform” rating and a $33.00 price target on the stock.

Insider Buying and Selling at Kyndryl

In related news, SVP Vineet Khurana sold 30,430 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $26.36, for a total transaction of $802,134.80. Following the sale, the senior vice president now owns 78,722 shares of the company’s stock, valued at $2,075,111.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.04% of the stock is owned by corporate insiders.

Institutional Trading of Kyndryl

Large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new stake in shares of Kyndryl during the first quarter valued at $26,000. ORG Partners LLC raised its holdings in Kyndryl by 622.4% during the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock worth $31,000 after buying an additional 1,220 shares during the period. Headlands Technologies LLC lifted its stake in Kyndryl by 60.2% during the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after buying an additional 554 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Kyndryl in the second quarter worth about $39,000. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Kyndryl in the first quarter worth approximately $33,000. 71.53% of the stock is currently owned by institutional investors.

Kyndryl Trading Down 1.4 %

Shares of NYSE KD opened at $23.22 on Friday. Kyndryl has a 12-month low of $13.87 and a 12-month high of $28.60. The company has a market cap of $5.35 billion, a price-to-earnings ratio of -15.58, a price-to-earnings-growth ratio of 4.71 and a beta of 1.67. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.77. The stock’s 50 day simple moving average is $25.38 and its 200 day simple moving average is $23.69.

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.