Bakkt Holdings, Inc. (NYSE:BKKT - Get Free Report) Director Impact Acquisition Holding Vpc sold 753,001 shares of the business's stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $2.25, for a total value of $1,694,252.25. Following the sale, the director now owns 2,949,110 shares in the company, valued at approximately $6,635,497.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Impact Acquisition Holding Vpc also recently made the following trade(s):
- On Tuesday, December 19th, Impact Acquisition Holding Vpc sold 144,484 shares of Bakkt stock. The stock was sold at an average price of $2.01, for a total transaction of $290,412.84.
- On Wednesday, December 6th, Impact Acquisition Holding Vpc sold 18,763 shares of Bakkt stock. The stock was sold at an average price of $2.05, for a total value of $38,464.15.
- On Monday, December 4th, Impact Acquisition Holding Vpc sold 182,819 shares of Bakkt stock. The shares were sold at an average price of $2.10, for a total value of $383,919.90.
Bakkt Trading Up 30.6 %
BKKT traded up $0.55 during midday trading on Wednesday, hitting $2.35. 26,150,376 shares of the company were exchanged, compared to its average volume of 2,301,928. The company's 50 day simple moving average is $1.40 and its 200 day simple moving average is $1.38. The firm has a market capitalization of $645.45 million, a price-to-earnings ratio of -1.16 and a beta of 4.48. Bakkt Holdings, Inc. has a 1-year low of $0.64 and a 1-year high of $2.87.
Bakkt (NYSE:BKKT - Get Free Report) last announced its earnings results on Tuesday, November 14th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.08). Bakkt had a positive return on equity of 25.41% and a negative net margin of 24.89%. The business had revenue of $204.80 million for the quarter, compared to analyst estimates of $757.80 million. On average, equities analysts anticipate that Bakkt Holdings, Inc. will post -0.65 EPS for the current year.
Institutional Investors Weigh In On Bakkt
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. increased its holdings in Bakkt by 4,335.3% in the 2nd quarter. Citigroup Inc. now owns 20,846 shares of the company's stock valued at $26,000 after purchasing an additional 20,376 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in shares of Bakkt in the 3rd quarter valued at $27,000. Tower Research Capital LLC TRC lifted its holdings in shares of Bakkt by 109.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 23,496 shares of the company's stock valued at $29,000 after purchasing an additional 12,267 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Bakkt in the second quarter valued at approximately $30,000. Finally, HRT Financial LP acquired a new stake in Bakkt during the 1st quarter worth $31,000. 8.39% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Rosenblatt Securities decreased their price objective on shares of Bakkt from $2.10 to $1.70 and set a "buy" rating for the company in a research note on Wednesday, November 15th.
View Our Latest Research Report on Bakkt
About Bakkt
(
Get Free Report)
Bakkt Holdings, Inc offers a platform for crypto and redeeming loyalty points. The company's institutional-grade technology platform offers various solutions, such as Custody, an institutional-grade custody solution for market participants; Crypto Connect, a platform that enables consumers, businesses, and institutions to buy, sell, and store crypto in a digital experience; Crypto Rewards that focuses on enabling customers to earn crypto rewards, as well as redeem existing reward currencies into crypto; and Crypto Payouts for customers to automatically invest a portion of payments into crypto.
Read More
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
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
