Bakkt Holdings, Inc. (NYSE:BKKT - Get Free Report) CEO Akshay Sudhir Naheta acquired 150,000 shares of Bakkt stock in a transaction dated Thursday, August 21st. The stock was purchased at an average cost of $8.12 per share, with a total value of $1,218,000.00. Following the completion of the purchase, the chief executive officer owned 161,426 shares of the company's stock, valued at approximately $1,310,779.12. This represents a 1,312.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Akshay Sudhir Naheta also recently made the following trade(s):
- On Friday, August 22nd, Akshay Sudhir Naheta purchased 30,000 shares of Bakkt stock. The stock was acquired at an average price of $8.55 per share, with a total value of $256,500.00.
Bakkt Stock Performance
BKKT traded down $0.4770 during trading on Monday, hitting $8.3830. 632,852 shares of the company traded hands, compared to its average volume of 1,831,589. The stock's 50-day simple moving average is $14.24 and its two-hundred day simple moving average is $12.37. Bakkt Holdings, Inc. has a 1 year low of $6.81 and a 1 year high of $37.21.
Bakkt (NYSE:BKKT - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($2.16) earnings per share for the quarter, missing the consensus estimate of ($0.69) by ($1.47). The company had revenue of $577.88 million for the quarter, compared to analysts' expectations of $17.10 million. Bakkt had a negative net margin of 0.77% and a negative return on equity of 99.39%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of Bakkt from a "hold" rating to a "sell" rating in a report on Saturday, August 16th.
Read Our Latest Analysis on Bakkt
Institutional Trading of Bakkt
Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in 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 purchasing an additional 88,370 shares during the last quarter. Northern Trust Corp purchased a new stake in Bakkt during the 4th quarter worth approximately $354,000. JPMorgan Chase & Co. grew its position in 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 last quarter. Barclays PLC grew its position in 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 last quarter. Finally, 683 Capital Management LLC purchased a new stake in Bakkt during the 4th quarter worth approximately $359,000. Hedge funds and other institutional investors own 11.11% of the company's stock.
Bakkt Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Bakkt, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bakkt wasn't on the list.
While Bakkt currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access