Kyndryl Holdings, Inc. (NYSE:KD – Get Rating) September saw interest pick up sharply. As of September 15, a total of 7,03,000 shares were carrying short-term interest, an increase of 41.7% over the total of 4,960,000 shares as of August 31. Currently, 3.5% of the stock’s shares are shorted. Based on an average trading volume of 2,750,000 shares, the short interest ratio is currently 2.6 days.
In other news from Kyndryl, Director Howard I. Ungerleider purchased 20,000 shares of Kyndryl in a transaction on Friday, August 5th. The shares were acquired at an average price of $10.59 per share for a total transaction of $211,800.00. Upon completion of the transaction, the Director now directly owns 50,389 shares of the Company, valued at $533,619.51. The purchase was disclosed in a filing with the SEC, which can be accessed at this hyperlink. In other Kindle news, on Thursday, August 11, Director Denis Machuel bought 5,000 shares of Kindle in one transaction. The shares were acquired at an average price of $11.59 per share for a total transaction of $57,950.00. Upon completion of the transaction, the Director now directly owns 35,389 shares of the Company, valued at $410,158.51. The purchase was disclosed in a filing with the SEC, which can be accessed at this hyperlink. In addition, Director Howard I. Ungerleider acquired 20,000 shares of the company in a transaction that took place on Friday, August 5th. The shares were purchased at an average price of $10.59 per share for a total value of $211,800.00. Upon completion of the transaction, the Director now owns 50,389 shares of the Company, valued at approximately $533,619.51. The disclosure of this purchase can be found here. Company insiders own 0.23% of the company’s shares.
The hedge fund weighs on Kyndryl. happened on
Many hedge funds and other institutional investors have bought and sold shares of KD recently. WealthTrust Axiom LLC increased its position in shares of Kyndryl to 8.3% in the first quarter. WealthTrust Axiom LLC now holds 11,148 shares of the company valued at $146,000 after purchasing an additional 851 shares in the previous quarter. The Louisiana State Employee Retirement System increased Kyndryl’s shares by 2.0% in the first quarter. The Louisiana State Employee Retirement System now owns 47,000 shares of the company, valued at $588,000, after purchasing an additional 900 shares last quarter. Victory Capital Management Inc increased its position in Kindrell stock by 2.3% during the second quarter. After purchasing an additional 1,074 shares in the prior quarter, Victory Capital Management Inc. owns 48,518 shares of the company’s stock valued at $475,000. Xponance Inc. increased its position in shares of Kyndryl to 5.5% in the second quarter. After purchasing an additional 1,115 shares in the prior quarter, Xponance Inc. holds 21,257 shares of the company’s $208,000 stock. Finally, Retirement Systems of Alabama added Kyndryls shares 0.6% in the second quarter. After purchasing an additional 1,373 shares last quarter, Alabama-based Retirement Systems now owns 236,646 shares of the company, valued at $2,314,000. 61.92% of the shares are currently owned by hedge funds and other institutional investors.
Analyst upgrades and downgrades
Separately, JPMorgan Chase & Co. began reporting shares of Kindrell in a research note on Tuesday, August. He set a “neutral” rating for the company and a price target of $12.00.
Kindle sales down 4.1%
KD stock opened at $8.52 on Friday. The company has a debt to equity ratio of 1.41, a current ratio of 1.17 and a quick ratio of 1.17. There is a 12-month low of $8.17 for Kindle and a 12-month high of $52.00. The company’s 50-day moving average is $10.55 and its 200-day moving average is $11.21.
Kyndryl (NYSE:KD – GET Rating) last announced its earnings results on Wednesday, August 3rd. The company reported earnings per share for the quarter ($1.11). The company had revenue of $4.29 billion for the quarter. Kindrill had a negative net margin of 10.70% and a negative return on equity of 49.71%. As a group, Equity Research analysts expect Kindrill to post -2.65 EPS for the current fiscal year.
Kindrill Company Profile
Kyndryl Holdings, Inc. is a global technology services company and IT infrastructure services provider. The company offers cloud services; core enterprise and cloud services; artificial intelligence applications, data and services; digital workplace services; security and resiliency services; and network services and edge services.
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