Insider Selling: Kyndryl Holdings, Inc. (NYSE:KD) Major Shareholder Sells 380000 Shares of Stock - Defense World - Financial Daily News Site

Insider Selling: Kyndryl Holdings, Inc. (NYSE:KD) Major Shareholder Sells 380000 Shares of Stock – Defense World


Kyndryl Holdings, Inc. (NYSE:KD – Get Rating) major shareholder Goldman Sachs Group Inc sold 380,000 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $12.20, for a total transaction of $4,636,000.00. Following the transaction, the insider now owns 22,307,055 shares of the company’s stock, valued at $272,146,071. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

NYSE KD traded down $0.07 on Thursday, reaching $12.38. 1,890,292 shares of the company’s stock traded hands, compared to its average volume of 2,083,453. The stock has a 50 day moving average price of $12.48 and a 200-day moving average price of $15.20. Kyndryl Holdings, Inc. has a fifty-two week low of $9.93 and a fifty-two week high of $52.00. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.16.

Kyndryl (NYSE:KD – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.18) earnings per share for the quarter. The business had revenue of $4.43 billion for the quarter. Research analysts forecast that Kyndryl Holdings, Inc. will post 0.05 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KD. Cacti Asset Management LLC purchased a new position in Kyndryl in the fourth quarter valued at $60,000. FNY Investment Advisers LLC purchased a new position in Kyndryl in the fourth quarter valued at $144,000. DNB Asset Management AS purchased a new position in Kyndryl in the fourth quarter valued at $397,000. State of Alaska Department of Revenue purchased a new position in Kyndryl in the fourth quarter valued at $469,000. Finally, Wedbush Securities Inc. purchased a new position in Kyndryl in the fourth quarter valued at $245,000. 44.48% of the stock is owned by institutional investors.

Kyndryl Company Profile (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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