Stocks of Kyndryl Holdings Inc. (NYSE:KD) traded higher last session on Wall Street, up 3.33% to $13.66.
According to the data, Kyndryl Holdings Inc. (NYSE:KD) has 4 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $13.00, we find $14.50. Given the previous closing price of $13.22, this indicates a potential upside of 9.68 percent. KD stock price is now 6.41% away from the 50-day moving average and 7.17% away from the 200-day moving average. The market capitalization of the company currently stands at $3.13B.
A total of 3 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $16.00 as their price target over the next twelve months.
With the price target of $22, Scotiabank recently initiated with Sector Outperform rating for Kyndryl Holdings Inc. (NYSE: KD).
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 $8.9 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 $16.28 million. Insiders disposed of 246,741 shares of company stock worth roughly $3.37 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 $22,811,000. J. GOLDMAN & CO LP invested $4,510,000 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 $3,354,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in KD for approximately $2,159,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in KD valued at around $2,020,000 in the second quarter. In total, there are 766 active investors with 65.80% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $13.30 for Kyndryl Holdings Inc. (NYSE: KD). 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 2.36, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for KD is $12.86 and a two-hundred day moving average price translates $12.77 for the stock.
The latest earnings results from Kyndryl Holdings Inc. (NYSE: KD) was released for Mar, 2023. According to the Information Technology Services Company, earnings per share came in at -$3.24, missing analysts’ expectations of -$1.03 by -2.21. This compares to $7.05 EPS in the same period last year. The net profit margin was -8.10% and return on equity was -78.90% for KD. The company reported revenue of $4.26 billion for the quarter, compared to -$9.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -145.01 percent. For the current quarter, analysts expect KD to generate $4.09B 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 zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services. It serves financial, communications, retail and travel, and automotive industries. The company was incorporated in 2020 and is headquartered in New York, New York.