Headlands Technologies LLC Makes New Investment in Bakkt Holdings, Inc. (NYSE:BKKT)

Headlands Technologies LLC purchased a new stake in shares of Bakkt Holdings, Inc. (NYSE:BKKT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,991 shares of the company’s stock, valued at approximately $223,000. Headlands Technologies LLC owned approximately 0.07% of Bakkt at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BKKT. JPMorgan Chase & Co. increased its position in Bakkt by 2,231.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,725 shares of the company’s stock worth $43,000 after buying an additional 1,651 shares during the last quarter. Barclays PLC bought a new stake in shares of Bakkt during the 3rd quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Bakkt during the 4th quarter valued at about $87,000. SG Americas Securities LLC bought a new position in shares of Bakkt in the 4th quarter valued at approximately $109,000. Finally, OFI Invest Asset Management acquired a new stake in Bakkt in the 4th quarter worth approximately $304,000. Institutional investors own 11.11% of the company’s stock.

Bakkt Stock Down 9.8 %

Shares of BKKT stock opened at $8.09 on Friday. Bakkt Holdings, Inc. has a 12 month low of $5.57 and a 12 month high of $37.21. The company has a market cap of $110.85 million, a PE ratio of -0.66 and a beta of 5.47. The business’s 50 day moving average is $13.45 and its two-hundred day moving average is $17.34.

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