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

Bakkt Holdings, Inc. (NYSE:BKKT - Get Free Report) General Counsel Marc D'annunzio sold 559 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $18.21, for a total transaction of $10,179.39. Following the completion of the transaction, the general counsel directly owned 69,248 shares of the company's stock, valued at approximately $1,261,006.08. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, July 15th, Marc D'annunzio sold 559 shares of Bakkt stock. The shares were sold at an average price of $18.21, for a total transaction 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 transaction of $142,100.00.

Bakkt Trading Up 20.2%

NYSE:BKKT traded up $3.59 on Wednesday, reaching $21.40. The stock had a trading volume of 1,016,051 shares, compared to its average volume of 497,986. Bakkt Holdings, Inc. has a 12-month low of $6.81 and a 12-month high of $37.21. The company has a 50-day moving average of $13.66 and a 200 day moving average of $14.58. The stock has a market cap of $297.69 million, a P/E ratio of -4.33 and a beta of 5.35.

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

Institutional Investors Weigh In On Bakkt

Large investors have recently made changes to their positions in the company. Flaharty Asset Management LLC acquired a new stake in shares of Bakkt in the first quarter valued at approximately $26,000. JPMorgan Chase & Co. increased its stake in shares of Bakkt by 2,231.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,725 shares of the company's stock valued at $43,000 after purchasing an additional 1,651 shares during the period. AlphaQuest LLC acquired a new stake in shares of Bakkt in the first quarter valued at approximately $56,000. Barclays PLC increased its stake in shares of Bakkt by 73.4% in the fourth quarter. Barclays PLC now owns 5,091 shares of the company's stock valued at $126,000 after purchasing an additional 2,155 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Bakkt by 46.8% in the first quarter. Invesco Ltd. now owns 21,080 shares of the company's stock valued at $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

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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