Bakkt Holdings, Inc. (NYSE:BKKT) Stock Holdings Lowered by Geode Capital Management LLC

Geode Capital Management LLC reduced its holdings in Bakkt Holdings, Inc. (NYSE:BKKT) by 55.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,514 shares of the company’s stock after selling 81,271 shares during the quarter. Geode Capital Management LLC’s holdings in Bakkt were worth $618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC purchased a new position in shares of Bakkt in the third quarter worth approximately $28,000. International Assets Investment Management LLC purchased a new position in shares of Bakkt in the third quarter worth approximately $2,020,000. Headlands Technologies LLC purchased a new position in shares of Bakkt in the second quarter worth approximately $54,000. Cubist Systematic Strategies LLC purchased a new position in shares of Bakkt in the second quarter worth approximately $132,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Bakkt in the second quarter worth approximately $118,000. 11.11% of the stock is currently owned by institutional investors.

Bakkt Price Performance

Bakkt stock opened at $24.94 on Friday. The firm’s 50 day simple moving average is $23.92 and its 200-day simple moving average is $17.39. The company has a market cap of $340.95 million, a P/E ratio of -2.04 and a beta of 5.48. Bakkt Holdings, Inc. has a fifty-two week low of $5.57 and a fifty-two week high of $49.50.

Bakkt Company Profile

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.