Bakkt Holdings, Inc. (NYSE:BKKT) Director De’ana Dow Sells 19,200 Shares

Bakkt Holdings, Inc. (NYSE:BKKT) Director De’ana Dow sold 19,200 shares of Bakkt stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $12.89, for a total transaction of $247,488.00. Following the transaction, the director now directly owns 22,728 shares of the company’s stock, valued at approximately $292,963.92. This trade represents a 45.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bakkt Price Performance

Shares of NYSE BKKT opened at $12.36 on Friday. Bakkt Holdings, Inc. has a 1 year low of $6.81 and a 1 year high of $37.21. The stock has a market cap of $169.46 million, a P/E ratio of -1.01 and a beta of 5.41. The firm has a 50-day moving average of $9.85 and a 200 day moving average of $17.07.

Bakkt (NYSE:BKKT) last issued its quarterly earnings results on Monday, May 12th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.73) by ($2.08). Bakkt had a negative net margin of 2.84% and a negative return on equity of 62.65%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $17.20 million.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Bakkt by 137.0% during the 4th quarter. Geode Capital Management LLC now owns 152,884 shares of the company’s stock valued at $3,788,000 after purchasing an additional 88,370 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Bakkt during the 1st quarter valued at about $210,000. 683 Capital Management LLC bought a new stake in Bakkt during the 4th quarter valued at about $359,000. Northern Trust Corp bought a new stake in Bakkt during the 4th quarter valued at about $354,000. Finally, OFI Invest Asset Management bought a new stake in Bakkt during the 4th quarter valued at about $304,000. 11.11% of the stock is owned by hedge funds and other institutional investors.

About Bakkt

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.