Mitsubishi UFJ Trust & Banking Corp Has $132,000 Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Kyndryl Holdings, Inc. (NYSE:KDGet Rating) by 40.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,466 shares of the company’s stock after selling 9,046 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Kyndryl were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bank of Nova Scotia bought a new position in Kyndryl in the 2nd quarter worth approximately $50,044,000. National Bank of Canada FI increased its stake in shares of Kyndryl by 4,594.5% in the 2nd quarter. National Bank of Canada FI now owns 3,120,770 shares of the company’s stock valued at $30,521,000 after buying an additional 3,054,293 shares during the period. Greenlight Capital Inc. lifted its stake in shares of Kyndryl by 162.4% during the first quarter. Greenlight Capital Inc. now owns 2,420,400 shares of the company’s stock valued at $31,756,000 after acquiring an additional 1,498,000 shares during the period. Neuberger Berman Group LLC raised its stake in Kyndryl by 110.6% during the 1st quarter. Neuberger Berman Group LLC now owns 2,666,297 shares of the company’s stock worth $34,984,000 after buying an additional 1,399,954 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Kyndryl in the first quarter worth about $17,450,000. 61.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. began coverage on shares of Kyndryl in a report on Tuesday, August 2nd. They set a “neutral” rating and a $12.00 target price on the stock.

Insider Buying and Selling

In other news, insider Elly Keinan bought 23,800 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were purchased at an average price of $9.19 per share, for a total transaction of $218,722.00. Following the purchase, the insider now owns 651,309 shares of the company’s stock, valued at approximately $5,985,529.71. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Martin J. Schroeter bought 109,000 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were acquired at an average price of $9.68 per share, with a total value of $1,055,120.00. Following the completion of the transaction, the chief executive officer now owns 1,191,833 shares in the company, valued at $11,536,943.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elly Keinan bought 23,800 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average price of $9.19 per share, for a total transaction of $218,722.00. Following the acquisition, the insider now directly owns 651,309 shares of the company’s stock, valued at approximately $5,985,529.71. The disclosure for this purchase can be found here. Over the last three months, insiders bought 152,800 shares of company stock worth $1,456,442. 0.23% of the stock is owned by corporate insiders.

Kyndryl Price Performance

Shares of NYSE KD opened at $11.02 on Thursday. The firm has a market cap of $2.50 billion and a PE ratio of -1.65. The company has a fifty day moving average price of $9.44 and a 200 day moving average price of $10.34. Kyndryl Holdings, Inc. has a 1-year low of $7.93 and a 1-year high of $20.18. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.78.

About Kyndryl

(Get Rating)

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and cloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.

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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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