Shares of Bakkt Holdings, Inc. (NYSE:BKKT – Get Free Report) fell 7.7% during mid-day trading on Thursday . The stock traded as low as $14.32 and last traded at $14.73. 401,526 shares were traded during trading, a decline of 7% from the average session volume of 430,359 shares. The stock had previously closed at $15.95.
Bakkt Trading Down 4.4 %
The stock has a market capitalization of $193.17 million, a PE ratio of -1.16 and a beta of 5.47. The business has a fifty day moving average price of $19.85 and a 200-day moving average price of $17.66.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in BKKT. 683 Capital Management LLC bought a new position in shares of Bakkt during the 4th quarter valued at $359,000. Northern Trust Corp purchased a new stake in Bakkt during the fourth quarter valued at about $354,000. Barclays PLC grew its stake in shares of Bakkt by 73.4% during the fourth quarter. Barclays PLC now owns 5,091 shares of the company’s stock valued at $126,000 after buying an additional 2,155 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Bakkt in the fourth quarter worth about $292,000. Finally, Geode Capital Management LLC lifted its stake in shares of 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. 11.11% of the stock is owned by hedge funds and other institutional investors.
About Bakkt
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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