Kyndryl (NYSE:KD) Stock Price Up 0.6%

Kyndryl (NYSE:KD)’s share price shot up 0.6% on Wednesday . The company traded as high as $18.34 and last traded at $17.97. 1,314,295 shares traded hands during trading, a decline of 35% from the average session volume of 2,033,353 shares. The stock had previously closed at $17.86.

A number of brokerages recently weighed in on KD. Edward Jones began coverage on shares of Kyndryl in a research report on Friday, November 5th. They set a “hold” rating on the stock. Evercore ISI began coverage on shares of Kyndryl in a research report on Sunday, November 14th. They set an “inline” rating and a $22.00 price objective on the stock.

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average is $18.53.

In other news, CEO Martin J. Schroeter acquired 58,300 shares of the firm’s stock in a transaction dated Monday, November 29th. The shares were purchased at an average cost of $17.10 per share, for a total transaction of $996,930.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Elly Keinan acquired 29,150 shares of the firm’s stock in a transaction dated Monday, November 29th. The shares were purchased at an average price of $17.17 per share, for a total transaction of $500,505.50. The disclosure for this purchase can be found here. Insiders acquired 102,300 shares of company stock worth $1,745,876 over the last quarter.

Several hedge funds have recently made changes to their positions in KD. Cacti Asset Management LLC purchased a new position in Kyndryl during the fourth quarter valued at $60,000. FNY Investment Advisers LLC purchased a new position in Kyndryl during the fourth quarter valued at $144,000. Wedbush Securities Inc. purchased a new position in Kyndryl during the fourth quarter valued at $245,000. DNB Asset Management AS purchased a new position in Kyndryl during the fourth quarter valued at $397,000. Finally, State of Alaska Department of Revenue purchased a new position in Kyndryl during the fourth quarter valued at $469,000.

Kyndryl Company Profile (NYSE:KD)

Kyndryl Holdings Inc operates as a holding company, through its subsidiaries, provides applications, data, AI, cloud, core enterprise, digital workplace, security and other related services. Kyndryl Holdings Inc is based in New York, United States.

Recommended Story: Bid-Ask Spread

Receive News & Ratings for Kyndryl Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kyndryl and related companies with MarketBeat.com's FREE daily email newsletter.