Bakkt Holdings, Inc. (NYSE:BKKT - Get Free Report) CFO Karen Alexander sold 671 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $18.21, for a total value of $12,218.91. Following the completion of the sale, the chief financial officer directly owned 69,768 shares in the company, valued at approximately $1,270,475.28. The trade was a 0.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Bakkt Stock Performance
Bakkt stock traded down $1.53 during midday trading on Friday, reaching $22.58. 1,164,347 shares of the company were exchanged, compared to its average volume of 505,648. The firm's 50-day simple moving average is $14.44 and its 200-day simple moving average is $14.60. Bakkt Holdings, Inc. has a 1 year low of $6.81 and a 1 year 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.
Bakkt (NYSE:BKKT - Get Free Report) last released its quarterly earnings results 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 firm 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 Trading of Bakkt
A number of hedge funds have recently bought and sold shares of BKKT. Geode Capital Management LLC raised its holdings in Bakkt by 137.0% in the 4th quarter. Geode Capital Management LLC now owns 152,884 shares of the company's stock valued at $3,788,000 after acquiring an additional 88,370 shares during the last quarter. Northern Trust Corp purchased a new stake in shares of Bakkt in the fourth quarter valued at $354,000. JPMorgan Chase & Co. increased its stake in 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 last quarter. Barclays PLC lifted its position 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 buying an additional 2,155 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Bakkt during the fourth quarter worth about $223,000. Institutional investors and hedge funds own 11.11% of the company's stock.
About Bakkt
(
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.
Recommended Stories
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
