Bakkt Holdings, Inc. (NYSE:BKKT - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Investors purchased 3,026 call options on the stock. This represents an increase of 1,233% compared to the typical daily volume of 227 call options.
Bakkt Trading Down 0.9 %
Shares of NYSE:BKKT traded down $0.27 during trading on Tuesday, reaching $29.44. The company's stock had a trading volume of 15,916,704 shares, compared to its average volume of 340,962. The stock has a market capitalization of $397.94 million, a PE ratio of -2.41 and a beta of 4.71. Bakkt has a 12 month low of $5.57 and a 12 month high of $68.75. The firm's 50 day simple moving average is $10.97 and its two-hundred day simple moving average is $14.11.
Institutional Investors Weigh In On Bakkt
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Bakkt by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 3,722,829 shares of the company's stock valued at $1,712,000 after purchasing an additional 313,227 shares during the last quarter. International Assets Investment Management LLC bought a new position in Bakkt during the third quarter valued at $2,020,000. Headlands Technologies LLC purchased a new stake in shares of Bakkt in the second quarter valued at $54,000. Cubist Systematic Strategies LLC bought a new stake in shares of Bakkt in the 2nd quarter worth about $132,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Bakkt in the 2nd quarter worth about $118,000. 11.11% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Stories
Before you consider Bakkt, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bakkt wasn't on the list.
While Bakkt currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
