Jane Street Group LLC trimmed its position in shares of Bakkt Holdings, Inc. (NYSE:BKKT - Free Report) by 78.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,330 shares of the company's stock after selling 41,211 shares during the period. Jane Street Group LLC owned approximately 0.08% of Bakkt worth $108,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Bakkt during the second quarter valued at approximately $54,000. Point72 DIFC Ltd bought a new stake in shares of Bakkt in the 2nd quarter valued at approximately $118,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Bakkt during the 2nd quarter valued at approximately $132,000. Finally, International Assets Investment Management LLC bought a new position in Bakkt during the third quarter worth $2,020,000. Hedge funds and other institutional investors own 11.11% of the company's stock.
Bakkt Stock Up 3.5 %
BKKT stock traded up $0.82 during trading on Wednesday, hitting $24.22. 198,046 shares of the company's stock traded hands, compared to its average volume of 291,626. The stock has a market capitalization of $331.11 million, a price-to-earnings ratio of -1.98 and a beta of 5.48. Bakkt Holdings, Inc. has a 52 week low of $5.57 and a 52 week high of $39.75. The stock has a fifty day moving average price of $24.75 and a two-hundred day moving average price of $17.47.
About Bakkt
(
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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