Short Interest in Kyndryl Holdings, Inc. (NYSE:KD) Increases By 12.1%

Kyndryl Holdings, Inc. (NYSE:KDGet Free Report) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 5,480,000 shares, a growth of 12.1% from the May 15th total of 4,890,000 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average trading volume of 1,820,000 shares, the short-interest ratio is currently 3.0 days.

Kyndryl Trading Up 1.8 %

Shares of NYSE:KD traded up $0.44 during trading on Friday, reaching $25.55. The stock had a trading volume of 1,871,500 shares, compared to its average volume of 1,667,541. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.77. The stock has a market cap of $5.89 billion, a P/E ratio of -17.15, a PEG ratio of 5.87 and a beta of 1.70. The business has a fifty day moving average price of $23.97 and a 200-day moving average price of $21.94. Kyndryl has a fifty-two week low of $11.92 and a fifty-two week high of $28.60.

Kyndryl (NYSE:KDGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.11. Kyndryl had a negative return on equity of 4.11% and a negative net margin of 2.12%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the business earned ($0.21) earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, analysts anticipate that Kyndryl will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KD shares. Scotiabank increased their price target on shares of Kyndryl from $28.00 to $30.00 and gave the company a “sector outperform” rating in a report on Monday, May 13th. Susquehanna increased their target price on shares of Kyndryl from $27.00 to $33.00 and gave the company a “positive” rating in a report on Thursday, May 9th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $28.50.

Check Out Our Latest Stock Report on KD

Insider Activity at Kyndryl

In related news, SVP Vineet Khurana sold 30,430 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly 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. 0.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kyndryl

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC purchased a new stake in Kyndryl during the third quarter worth approximately $242,000. Pathstone Family Office LLC acquired a new stake in Kyndryl in the 3rd quarter valued at $223,000. Mitsubishi UFJ Trust & Banking Corp raised its position in Kyndryl by 22.0% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 78,944 shares of the company’s stock valued at $1,192,000 after purchasing an additional 14,217 shares during the period. Texas Permanent School Fund Corp lifted its stake in shares of Kyndryl by 8.0% during the third quarter. Texas Permanent School Fund Corp now owns 194,393 shares of the company’s stock worth $2,935,000 after purchasing an additional 14,433 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Kyndryl by 6.7% in the third quarter. Rhumbline Advisers now owns 703,921 shares of the company’s stock worth $10,629,000 after buying an additional 44,372 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Company Profile

(Get Free Report)

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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