Investing in Kyndryl Holdings Inc. (KD): What You Must Know


Kyndryl Holdings Inc.’s recent filing unveils that its Director Machuel Denis acquired Company’s shares for reported $57950.0 on Aug 11. In the deal valued at $11.59 per share,5,000 shares were bought. As a result of this transaction, Machuel Denis now holds 35,389 shares worth roughly $ 0.29 million.

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Then, Ungerleider Howard I bought 20,000 shares, generating $211,752 in total proceeds. Upon buying the shares at $10.59, the Director now owns 50,389 shares.

Before that, GOLDMAN SACHS GROUP INC sold 380,000 shares. Kyndryl Holdings Inc. shares valued at $4,636,000 were divested by the 10% Owner at a price of $12.20 per share. As a result of the transaction, GOLDMAN SACHS GROUP INC now holds 22,307,055 shares, worth roughly $184.93 million.

JP Morgan initiated its Kyndryl Holdings Inc. [KD] rating to a Neutral in a research note published on Friday, August 02, 2022; the price target was $12. PT values the company’s stock at a premium of 30.92 to its Friday closing price. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid November with a ‘”an In-line”‘ rating.

Price Performance Review of KD

On Friday, Kyndryl Holdings Inc. [NYSE:KD] saw its stock fall -1.89% to $8.29. On the same session, the stock had its day’s lowest price of $8.02, but rose to a high of $8.71. Over the last five days, the stock has lost -15.06%. Kyndryl Holdings Inc. shares have fallen nearly -54.20% since the year began. Nevertheless, the stocks have fallen -68.57% over the past one year. While a 52-week high of $28.50 was reached on 01/03/22, a 52-week low of $7.93 was recorded on 10/13/22. SMA at 50 days reached $9.58, while 200 days put it at $11.56. A total of 2.87 million shares were traded, compared to the trading of 2.04 million shares in the previous session.

Levels Of Support And Resistance For KD Stock

The 24-hour chart illustrates a support level at 7.97, which if violated will result in even more drops to 7.65. On the upside, there is a resistance level at 8.66. A further resistance level may holdings at 9.03. The Relative Strength Index (RSI) on the 14-day chart is 37.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.57%. Stochastics %K at 38.08% indicates the stock is a holding.

How much short interest is there in Kyndryl Holdings Inc.?

A steep rise in short interest was recorded in Kyndryl Holdings Inc. stocks on Jul 14, 2022, dropping by -4.08 million shares to a total of 7.22 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 11.3 million shares. There was a decline of -56.51%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.20% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.39.

Kyndryl Holdings Inc. [KD] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 20,191,251 shares, or roughly 8.90% of the outstanding KD shares. In other words, the investor’s shares have risen by 3,156,703 from its previous 13-F filing of 17034548.0. Additionally, Goldman Sachs & Co. LLC increased 3,923.14% of its stake after which the total value it holdings stand at $143,317,322, while BlackRock Fund Advisors added 5.45% of its stake to hold $114.78 million in the firm. Over the last quarter, Jupiter Asset Management Ltd. purchased 4,339,864 shares of Kyndryl Holdings Inc., while SSgA Funds Management, Inc. bought -347,029 shares. At present, Greenlight Capital, Inc. is holding 5,373,400 shares valued at $44.44 million. 1832 Asset Management LP owned 5,117,089 shares of the company at the time of its most recent 13F filing, worth $42.32 million.

According to FactSet, Kyndryl Holdings Inc.’s share price will average $12.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 42.01 percent from its previous closing price of $8.45. Analysts expect Kyndryl Holdings Inc. stock to reach the higher price of $13.00, while the lowest price estimate is $11.00. However, 2 analysts have rated KD stock as a Hold in their predictions for 2022.


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