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 12/27/23 at a closing price of $2.36, with 25.98 million shares of worth about $61.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 96.67% during that period and on Wednesday the price saw a gain of about 31.11%. Currently the company’s common shares owned by public are about 80.93M shares, out of which, 74.67M 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 73 times over the past 12 months. They bought 5,068,374 shares in 33 of the transactions. In 40 selling transactions, insiders dumped 4,944,192 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.
Bakkt Holdings Inc (NYSE: BKKT) started trading at $1.87, above $0.07 from concluding price of the previous day. However, the stock later moved at a day high price of 2.4900, or with a gain of 31.11%. Stock saw a price change of 18.59% in past 5 days and over the past one month there was a price change of 31.11%. Year-to-date (YTD), BKKT shares are showing a performance of 98.32% which increased to 78.79% 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 2.60 million. The stock is currently trading 30.24% above its 20-day simple moving average (SMA20), while that difference is up 70.79% for SMA50 and it goes to 69.66% 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 15.03% while other institutional holders and individual stake holders have control over 20.68% and 14.06% of the stake respectively.
The stock has a current market capitalization of $215.77M and its 3Y-monthly beta is at 4.32. 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 15.36% while standing at 13.69% 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.
Analysts at 3 brokerage firms have issued recommendations for the Bakkt Holdings Inc (BKKT)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 3 Wall Street analysts, 1 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
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.
