SG Americas Securities LLC acquired a new position in shares of Bakkt Holdings, Inc. (NYSE:BKKT – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund acquired 4,401 shares of the company’s stock, valued at approximately $109,000.
Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Bakkt during the third quarter worth about $2,020,000. Cubist Systematic Strategies LLC purchased a new stake in Bakkt during the 2nd quarter valued at approximately $132,000. Finally, Barclays PLC purchased a new position in shares of Bakkt in the 3rd quarter valued at approximately $28,000. 11.11% of the stock is currently owned by institutional investors and hedge funds.
Bakkt Price Performance
Bakkt stock opened at $14.34 on Thursday. The business has a 50 day simple moving average of $24.71 and a 200-day simple moving average of $17.84. Bakkt Holdings, Inc. has a 12 month low of $5.57 and a 12 month high of $37.21. The stock has a market capitalization of $196.04 million, a PE ratio of -1.17 and a beta of 5.41.
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.
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