Traders Purchase Large Volume of Kyndryl Put Options (NYSE:KD)

Kyndryl Holdings, Inc. (NYSE:KD) saw unusually large options trading on Monday. Stock traders acquired 12,165 put options on the stock. This represents an increase of 411% compared to the average volume of 2,381 put options.

Insider Transactions at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the completion of the transaction, the general counsel now directly owns 132,818 shares of the company’s stock, valued at $5,688,594.94. This trade represents a 17.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.81, for a total value of $2,374,456.65. Following the completion of the sale, the senior vice president now owns 43,877 shares in the company, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

Hedge Funds Weigh In On Kyndryl

Institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. raised its holdings in shares of Kyndryl by 9.4% during the fourth quarter. Bessemer Group Inc. now owns 2,881 shares of the company’s stock valued at $99,000 after purchasing an additional 247 shares during the period. EverSource Wealth Advisors LLC raised its stake in Kyndryl by 35.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $39,000 after buying an additional 297 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Kyndryl by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company’s stock worth $1,037,000 after buying an additional 312 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Kyndryl by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,298 shares of the company’s stock worth $1,775,000 after acquiring an additional 332 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Kyndryl by 19.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,259 shares of the company’s stock valued at $78,000 after acquiring an additional 370 shares during the period. 71.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KD has been the topic of a number of recent analyst reports. Oppenheimer lifted their price objective on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Susquehanna boosted their price target on shares of Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th.

Kyndryl Stock Up 2.3 %

Shares of NYSE:KD opened at $35.38 on Tuesday. Kyndryl has a 1 year low of $19.24 and a 1 year high of $43.61. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50-day moving average is $38.07 and its 200-day moving average is $32.13. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 64.32, a P/E/G ratio of 10.84 and a beta of 1.85.

Kyndryl Company 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.