Bakkt Holdings, Inc. (NYSE:BKKT - Get Free Report)'s share price rose 3.4% during mid-day trading on Friday . The company traded as high as $27.91 and last traded at $27.56. Approximately 648,949 shares were traded during trading, an increase of 61% from the average daily volume of 403,300 shares. The stock had previously closed at $26.66.
Bakkt Price Performance
The company has a 50-day moving average of $19.16 and a 200 day moving average of $16.46. The company has a market cap of $376.77 million, a PE ratio of -2.25 and a beta of 5.49.
Institutional Trading of Bakkt
Several institutional investors have recently added to or reduced their stakes in BKKT. Summit Securities Group LLC purchased a new stake in Bakkt in the second quarter worth $75,000. Headlands Technologies LLC purchased a new position in Bakkt in the 2nd quarter worth about $54,000. Point72 DIFC Ltd bought a new stake in Bakkt during the 2nd quarter valued at about $118,000. Cubist Systematic Strategies LLC bought a new stake in Bakkt during the 2nd quarter valued at about $132,000. Finally, International Assets Investment Management LLC purchased a new stake in Bakkt in the 3rd quarter valued at about $2,020,000. Institutional investors 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.
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