Headlands Technologies LLC Buys New Shares in Bakkt Holdings, Inc. (NYSE:BKKT)

Headlands Technologies LLC purchased a new stake in shares of Bakkt Holdings, Inc. (NYSE:BKKT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,991 shares of the company’s stock, valued at approximately $223,000.

Several other large investors have also recently added to or reduced their stakes in the company. Barclays PLC bought a new stake in shares of Bakkt during the third quarter valued at approximately $28,000. SG Americas Securities LLC acquired a new stake in Bakkt during the fourth quarter worth $109,000. SBI Securities Co. Ltd. bought a new stake in Bakkt in the 4th quarter valued at $87,000. OFI Invest Asset Management acquired a new position in shares of Bakkt in the 4th quarter valued at $304,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Bakkt by 2,231.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,725 shares of the company’s stock worth $43,000 after acquiring an additional 1,651 shares during the period. Institutional investors and hedge funds own 11.11% of the company’s stock.

Bakkt Stock Down 9.8 %

NYSE BKKT opened at $8.09 on Friday. Bakkt Holdings, Inc. has a twelve month low of $5.57 and a twelve month high of $37.21. The stock has a market cap of $110.85 million, a P/E ratio of -0.66 and a beta of 5.47. The company’s 50-day simple moving average is $13.45 and its 200 day simple moving average is $17.34.

Bakkt (NYSE:BKKT) last released its quarterly earnings data on Wednesday, March 19th. The company reported ($2.95) earnings per share for the quarter. The company had revenue of $1.80 billion during the quarter. Bakkt had a negative net margin of 2.84% and a negative return on equity of 62.65%. During the same quarter in the prior year, the company posted ($0.29) EPS.

Bakkt 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.