Bakkt Holdings, Inc. (NYSE:BKKT - Get Free Report) CEO Andrew A. Main sold 14,440 shares of Bakkt stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $18.21, for a total transaction of $262,952.40. Following the completion of the transaction, the chief executive officer owned 431,963 shares in the company, valued at approximately $7,866,046.23. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Bakkt Price Performance
NYSE BKKT traded down $1.53 on Friday, hitting $22.58. 1,164,347 shares of the stock were exchanged, compared to its average volume of 505,648. Bakkt Holdings, Inc. has a 52-week low of $6.81 and a 52-week high of $37.21. The company has a market capitalization of $314.09 million, a price-to-earnings ratio of -4.57 and a beta of 5.35. The company's 50-day moving average price is $14.44 and its two-hundred day moving average price is $14.60.
Bakkt (NYSE:BKKT - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.73) by ($2.08). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $17.20 million. Bakkt had a negative net margin of 0.83% and a negative return on equity of 88.55%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of BKKT. JPMorgan Chase & Co. increased its holdings in shares of Bakkt by 2,231.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,725 shares of the company's stock worth $43,000 after purchasing an additional 1,651 shares during the period. Barclays PLC increased its holdings in shares of Bakkt by 73.4% during the 4th quarter. Barclays PLC now owns 5,091 shares of the company's stock worth $126,000 after purchasing an additional 2,155 shares during the period. Flaharty Asset Management LLC bought a new position in shares of Bakkt during the 1st quarter worth about $26,000. AlphaQuest LLC bought a new position in shares of Bakkt during the 1st quarter worth about $56,000. Finally, Invesco Ltd. increased its holdings in shares of Bakkt by 46.8% during the 1st quarter. Invesco Ltd. now owns 21,080 shares of the company's stock worth $183,000 after purchasing an additional 6,717 shares during the period. Institutional investors and hedge funds own 11.11% of the company's stock.
Bakkt Company Profile
(
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Bakkt Holdings, Inc offers software as a service and application programming interface solutions for crypto and loyalty, powering engagement, and performance. The company operates Bakkt Marketplace, a platform that enables consumers to buy, sell, and store crypto in an embedded web experience; Bakkt Crypto, a platform that supports clients with a range of crypto solutions; and Bakkt Trust, institutional-grade qualified custody solution for market participants.
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