In yesterday’s Wall Street session, Kyndryl Holdings Inc. (NYSE:KD) shares traded at $12.65, up 4.29% from the previous session.
KD stock price is now -10.26% away from the 50-day moving average and 4.17% away from the 200-day moving average. The market capitalization of the company currently stands at $2.84B.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Sponsored
.
In other news, Keinan Elly, Group President bought 23,800 shares of the company’s stock on Nov 09. The stock was bought for $218,812 at an average price of $9.19. Upon completion of the transaction, the Group President now directly owns 651,309 shares in the company, valued at $8.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, Chief Executive Officer Schroeter Martin J bought 109,000 shares of the business’s stock. A total of $1,055,153 was incurred on buying the stock at an average price of $9.68. This leaves the insider owning 1,191,833 shares of the company worth $15.08 million. Insiders disposed of 637,883 shares of company stock worth roughly $8.07 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KD stock. A new stake in Kyndryl Holdings Inc. shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $21,124,000. J. GOLDMAN & CO LP invested $4,177,000 in shares of KD during the first quarter. In the first quarter, BANK OF NOVA SCOTIA acquired a new stake in Kyndryl Holdings Inc. valued at approximately $3,106,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in KD for approximately $2,000,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in KD valued at around $1,871,000 in the second quarter. In total, there are 771 active investors with 65.80% ownership of the company’s stock.
Tuesday morning saw Kyndryl Holdings Inc. (NYSE: KD) opened at $12.02. During the past 12 months, Kyndryl Holdings Inc. has had a low of $7.93 and a high of $17.21. As of last week, the company has a debt-to-equity ratio of 1.75, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for KD is $14.06 and a two-hundred day moving average price translates $12.15 for the stock.
The latest earnings results from Kyndryl Holdings Inc. (NYSE: KD) was released for Mar, 2023. The net profit margin was -8.70% and return on equity was -73.00% for KD. For the current quarter, analysts expect KD to generate $4.12B in revenue.
Kyndryl Holdings Inc.(KD) 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 cloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services. It serves financial, telecommunications, retail, automobile, and transportation industries. The company was incorporated in 2020 and is headquartered in New York, New York.
