MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $2.10 Million Position in Bakkt Holdings, Inc. (NYSE:BKKT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its position in shares of Bakkt Holdings, Inc. (NYSE:BKKT - Free Report) by 53.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,716 shares of the company's stock after selling 95,869 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.62% of Bakkt worth $2,098,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC bought a new position in shares of Bakkt in the third quarter worth about $28,000. JPMorgan Chase & Co. raised 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 worth $43,000 after acquiring an additional 1,651 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Bakkt in the fourth quarter worth about $87,000. SG Americas Securities LLC bought a new position in shares of Bakkt in the fourth quarter worth about $109,000. Finally, Headlands Technologies LLC bought a new position in shares of Bakkt in the fourth quarter worth about $223,000. 11.11% of the stock is owned by institutional investors.

Bakkt Stock Performance

Shares of NYSE BKKT traded up $0.77 during trading on Tuesday, reaching $11.43. The company had a trading volume of 414,134 shares, compared to its average volume of 462,017. Bakkt Holdings, Inc. has a 52 week low of $6.81 and a 52 week high of $37.21. The stock has a market cap of $158.95 million, a PE ratio of -0.93 and a beta of 5.41. The business's 50 day moving average price is $10.01 and its 200-day moving average price is $17.22.

Bakkt (NYSE:BKKT - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($2.81) EPS 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 62.65% and a negative net margin of 2.84%.

Insider Buying and Selling

In related news, Director De'ana Dow sold 19,200 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $12.89, for a total transaction of $247,488.00. Following the completion of the transaction, the director now owns 22,728 shares in the company, valued at approximately $292,963.92. The trade was a 45.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Marc D'annunzio sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $14.21, for a total transaction of $142,100.00. Following the transaction, the general counsel now owns 69,807 shares of the company's stock, valued at approximately $991,957.47. This represents a 12.53% decrease in their position. The disclosure for this sale can be found here. 1.75% of the stock is currently owned by insiders.

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.