Horizon Kinetics Asset Management LLC trimmed its position in shares of Bakkt Holdings, Inc. (NYSE:BKKT - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,927 shares of the company's stock after selling 32,290 shares during the period. Horizon Kinetics Asset Management LLC owned about 2.69% of Bakkt worth $9,114,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the company. Barclays PLC bought a new position in Bakkt during the third quarter valued at approximately $28,000. SG Americas Securities LLC acquired a new stake in shares of Bakkt in the 4th quarter valued at $109,000. SBI Securities Co. Ltd. bought a new stake in Bakkt in the fourth quarter worth $87,000. Finally, OFI Invest Asset Management acquired a new position in Bakkt during the fourth quarter worth $304,000. Institutional investors and hedge funds own 11.11% of the company's stock.
Bakkt Stock Up 12.7 %
Shares of NYSE:BKKT traded up $1.34 on Friday, reaching $11.86. The company had a trading volume of 682,159 shares, compared to its average volume of 462,296. The stock has a 50-day moving average price of $17.15 and a 200 day moving average price of $17.46. Bakkt Holdings, Inc. has a twelve month low of $5.57 and a twelve month high of $37.21. The stock has a market capitalization of $162.07 million, a P/E ratio of -0.97 and a beta of 5.47.
Bakkt (NYSE:BKKT - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported ($2.95) EPS for the quarter. The firm had revenue of $1.80 billion during the quarter. Bakkt had a negative return on equity of 62.65% and a negative net margin of 2.84%. During the same quarter in the previous year, the business earned ($0.29) EPS.
Bakkt Profile
(
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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