Pilgrim Partners Asia Pte Ltd Acquires New Stake in Bakkt Holdings, Inc. (NYSE:BKKT)

Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Bakkt Holdings, Inc. (NYSE:BKKT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,800 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds also recently made changes to their positions in BKKT. Geode Capital Management LLC raised its holdings in Bakkt by 137.0% during the fourth 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 in the last quarter. OFI Invest Asset Management acquired a new position in Bakkt during the 4th quarter worth approximately $304,000. Headlands Technologies LLC purchased a new position in shares of Bakkt during the 4th quarter worth approximately $223,000. SG Americas Securities LLC acquired a new stake in shares of Bakkt in the 4th quarter valued at approximately $109,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Bakkt in the fourth quarter valued at approximately $87,000. Institutional investors and hedge funds own 11.11% of the company’s stock.

Bakkt Stock Performance

NYSE:BKKT opened at $8.09 on Friday. The stock has a market capitalization of $110.85 million, a price-to-earnings ratio of -0.66 and a beta of 5.47. Bakkt Holdings, Inc. has a 1 year low of $5.57 and a 1 year high of $37.21. The stock has a fifty day moving average price of $13.45 and a two-hundred day moving average price of $17.34.

Bakkt (NYSE:BKKT) last announced its quarterly earnings data on Wednesday, March 19th. The company reported ($2.95) EPS for the quarter. Bakkt had a negative net margin of 2.84% and a negative return on equity of 62.65%. The company had revenue of $1.80 billion during the quarter. During the same period last year, the business earned ($0.29) EPS.

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.