After grabbing 6.14 million shares, the institutional investor is now in possession of 6.14 million shares of the Technology Company. The new investment brought the stake of investor firm to 6.72% having worth around $9.21 million. Moreover, The Vanguard Group, Inc. increased its share by 6397.0 to have a control over 3.13 million shares. And Geode Capital Management LLC raised its holdings to 0.15 million shares by acquiring 2.07 million shares or 2.27% of the stake.
Bakkt Holdings Inc (BKKT) concluded trading on December 20, 2023 at a closing price of $1.84, with 6.2 million shares of worth about $11.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 44.88% during that period and On Wednesday the price saw a loss of about -7.54%. Currently the company’s common shares owned by public are about 80.93M shares, out of which, 74.29M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 74 times over the past 12 months. They bought 5,068,374 shares in 33 of the transactions. In 41 selling transactions, insiders dumped 4,955,679 shares.
Bitwise Crypto Industry Innovator, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Bakkt Holdings Inc Bitwise Crypto Industry Innovator is currently holding 2.48 million shares of worth totaling $3.73 million. The company recently came buying 0.0 shares which brought its stake up to 2.72% of the company’s outstanding shares. iShares Russell 2000 ETF, after buying 1.79 million shares, have now control over 1.96% of the stake in the company. It holds 879.0 shares of worth $2.69 million.
However, the stock later moved at a day high price of 2.1800, or with a loss of -7.54%. Stock saw a price change of 1.10% in past 5 days and over the past one month there was a price change of 34.31%. Year-to-date (YTD), BKKT shares are showing a performance of 54.62% which increased to 38.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.64 but also hit the highest price of $2.87 during that period. The average intraday trading volume for Bakkt Holdings Inc shares is 2.37 million. The stock is currently trading 2.85% above its 20-day simple moving average (SMA20), while that difference is up 38.87% for SMA50 and it goes to 33.47% higher than SMA200.
Peak6 Capital Management LLC acquired 6.14 million shares of Bakkt Holdings Inc having value of about $9.21 million. Bakkt Holdings Inc (NYSE: BKKT) currently have 80.93M outstanding shares and institutions hold larger chunk of about 33.90% of that. Holding of mutual funds in the company is about 14.48% while other institutional holders and individual stake holders have control over 20.69% and 14.26% of the stake respectively.
The stock has a current market capitalization of $168.23M and its 3Y-monthly beta is at 4.37. It has posted earnings per share of -$1.77 in the same period. It has Quick Ratio of 1.17 while making debt-to-equity ratio of 0.61. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BKKT, volatility over the week remained 13.79% while standing at 15.48% over the month.
Analysts are in expectations that Bakkt Holdings Inc (BKKT) stock would likely to be making an EPS of -$0.13 in the current quarter, while forecast for next quarter EPS is -$0.08 and it is -$0.37 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.19 which is -$0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.24 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 92.39% while it is estimated to increase by 60.94% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on September 29, 2022 offering an Equal weight rating for the stock and assigned a target price of $2.50 to it.
