Horizon Kinetics Asset Management LLC lowered its position in shares of Bakkt Holdings, Inc. (NYSE:BKKT - Free Report) by 10.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 400,217 shares of the company's stock after selling 49,023 shares during the quarter. Horizon Kinetics Asset Management LLC owned about 2.96% of Bakkt worth $3,830,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Bakkt in the 3rd quarter valued at $2,020,000. Point72 DIFC Ltd purchased a new stake in shares of Bakkt in the second quarter valued at approximately $118,000. Cubist Systematic Strategies LLC purchased a new position in shares of Bakkt during the 2nd quarter valued at approximately $132,000. Headlands Technologies LLC purchased a new position in shares of Bakkt during the 2nd quarter valued at approximately $54,000. Finally, Summit Securities Group LLC acquired a new stake in Bakkt in the 2nd quarter valued at $75,000. Hedge funds and other institutional investors own 11.11% of the company's stock.
Bakkt Stock Down 4.2 %
Shares of Bakkt stock traded down $1.23 during mid-day trading on Monday, reaching $28.08. 1,004,432 shares of the stock traded hands, compared to its average volume of 378,598. Bakkt Holdings, Inc. has a fifty-two week low of $5.57 and a fifty-two week high of $68.75. The stock has a market capitalization of $383.85 million, a PE ratio of -2.18 and a beta of 4.71. The business has a 50-day moving average of $12.50 and a 200 day moving average of $14.76.
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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