1 day Ago By Defense World Staff
Renaissance Technologies LLC cut its holdings in Bakkt Holdings, Inc. (NYSE:BKKT – Free Report) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 47,155 shares of the company’s stock after selling 7,800 shares during the period. Renaissance Technologies LLC owned about 0.34% of Bakkt worth $1,168,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Bakkt by 137.0% during the 4th quarter.
Geode Capital Management LLC now owns 152,884 shares of the company’s stock valued at $3,788,000 after purchasing an additional 88,370 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Bakkt during the fourth quarter worth about $304,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Bakkt in the fourth quarter worth about $292,000.
Headlands Technologies LLC purchased a new position in Bakkt in the fourth quarter valued at about $223,000. Finally, SG Americas Securities LLC bought a new position in shares of Bakkt during the 4th quarter valued at approximately $109,000. 11.
11% of the stock is owned by hedge funds and other institutional investors. Bakkt Trading Up 0.8 %NYSE:BKKT opened at $9.
59 on Wednesday. Bakkt Holdings, Inc. has a 12 month low of $5.
57 and a 12 month high of $37.21. The firm’s 50 day moving average is $10.
45 and its 200 day moving average is $17.16. The stock has a market capitalization of $131.
48 million, a PE ratio of -0.78 and a beta of 5.43.
Bakkt (NYSE:BKKT – Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported ($2.95) earnings per share (EPS) for the quarter.
The firm 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 previous year, the firm posted ($0.
29) EPS. Bakkt Profile (Free Report)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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