Marc D'annunzio Sells 559 Shares of Bakkt Holdings, Inc. (NYSE:BKKT) Stock

Bakkt Holdings, Inc. (NYSE:BKKT - Get Free Report) General Counsel Marc D'annunzio sold 559 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $18.21, for a total value of $10,179.39. Following the sale, the general counsel directly owned 69,248 shares of the company's stock, valued at $1,261,006.08. The trade was a 0.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Marc D'annunzio also recently made the following trade(s):

• On Tuesday, July 15th, Marc D'annunzio sold 559 shares of Bakkt stock. The stock was sold at an average price of $18.21, for a total value of $10,179.39.
• On Wednesday, May 14th, Marc D'annunzio sold 10,000 shares of Bakkt stock. The shares were sold at an average price of $14.21, for a total value of $142,100.00.

Bakkt Trading Down 6.3%

Bakkt stock traded down $1.53 during midday trading on Friday, reaching $22.58. 1,164,347 shares of the stock traded hands, compared to its average volume of 505,648. The company has a 50-day simple moving average of $14.44 and a two-hundred day simple moving average of $14.60. Bakkt Holdings, Inc. has a 12-month low of $6.81 and a 12-month high of $37.21. The firm has a market cap of $314.09 million, a PE ratio of -4.57 and a beta of 5.35.

Bakkt (NYSE:BKKT - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($2.08). The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $17.20 million. Bakkt had a negative net margin of 0.83% and a negative return on equity of 88.55%.

Hedge Funds Weigh In On Bakkt

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Bakkt by 137.0% during the 4th quarter. Geode Capital Management LLC now owns 152,884 shares of the company's stock worth $3,788,000 after acquiring an additional 88,370 shares in the last quarter. Northern Trust Corp acquired a new position in shares of Bakkt in the fourth quarter valued at approximately $354,000. JPMorgan Chase & Co. grew its holdings in Bakkt by 2,231.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,725 shares of the company's stock worth $43,000 after acquiring an additional 1,651 shares during the period. Barclays PLC grew its holdings in Bakkt by 73.4% during the fourth quarter. Barclays PLC now owns 5,091 shares of the company's stock worth $126,000 after acquiring an additional 2,155 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Bakkt during the fourth quarter worth $223,000. Hedge funds and other institutional investors own 11.11% of the company's stock.

About Bakkt

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.