Yahoo Finance Insider Buying: The Kyndryl Holdings, Inc. (NYSE:KD) Chairman & CEO Just Bought 44% More Shares
Kyndryl Holdings, Inc. (NYSE:KD) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Martin Schroeter, recently bought a whopping US$950k worth of stock, at a price of US$11.35. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 44%.
See our latest analysis for Kyndryl Holdings
The Last 12 Months Of Insider Transactions At Kyndryl Holdings
In fact, the recent purchase by Chairman & CEO Martin Schroeter was not their only acquisition of Kyndryl Holdings shares this year. They previously made an even bigger purchase of US$997k worth of shares at a price of US$17.10 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$13.22). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Kyndryl Holdings insiders may have bought shares in the last year, but they didn't sell any. They paid about US$13.74 on average. I'd consider this a positive as it suggests insiders see value at around the current price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Kyndryl Holdings insiders own 0.2% of the company, worth about US$6.4m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Kyndryl Holdings Insider Transactions Indicate?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Kyndryl Holdings insiders are reasonably well aligned, and optimistic for the future. Of course, the future is what matters most. So if you are interested in Kyndryl Holdings, you should check out this free report on analyst forecasts for the company.
Of course Kyndryl Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
