Insider Selling: Bakkt Holdings, Inc. (NYSE:BKKT) General Counsel Sells $18,942.42 in Stock

Bakkt Holdings, Inc. (NYSE:BKKTGet Free Report) General Counsel Marc D’annunzio sold 19,329 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $0.98, for a total value of $18,942.42. Following the completion of the sale, the general counsel now directly owns 638,157 shares in the company, valued at approximately $625,393.86. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Marc D’annunzio also recently made the following trade(s):

  • On Thursday, January 25th, Marc D’annunzio sold 42,807 shares of Bakkt stock. The stock was sold at an average price of $1.27, for a total value of $54,364.89.

Bakkt Price Performance

NYSE:BKKT opened at $1.06 on Monday. Bakkt Holdings, Inc. has a 1 year low of $0.64 and a 1 year high of $2.75. The stock has a 50-day moving average price of $1.69 and a two-hundred day moving average price of $1.41.

Bakkt (NYSE:BKKTGet Free Report) last posted its quarterly earnings data on Tuesday, November 14th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The firm had revenue of $204.80 million for the quarter, compared to analyst estimates of $757.80 million. Bakkt had a positive return on equity of 25.41% and a negative net margin of 24.89%. Research analysts expect that Bakkt Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BKKT. Citigroup Inc. boosted its position in Bakkt by 4,335.3% during the second quarter. Citigroup Inc. now owns 20,846 shares of the company’s stock valued at $26,000 after purchasing an additional 20,376 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Bakkt during the third quarter worth approximately $27,000. Tower Research Capital LLC TRC increased its stake in shares of Bakkt by 109.2% during the second quarter. Tower Research Capital LLC TRC now owns 23,496 shares of the company’s stock worth $29,000 after purchasing an additional 12,267 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Bakkt during the second quarter worth approximately $30,000. Finally, SG Americas Securities LLC bought a new position in shares of Bakkt during the third quarter worth approximately $31,000. 8.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Rosenblatt Securities decreased their target price on Bakkt from $2.10 to $1.70 and set a “buy” rating for the company in a research note on Wednesday, November 15th.

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About Bakkt

(Get Free Report)

Bakkt Holdings, Inc offers a platform for crypto and redeeming loyalty points. The company's institutional-grade technology platform offers various solutions, such as Custody, an institutional-grade custody solution for market participants; Crypto Connect, a platform that enables consumers, businesses, and institutions to buy, sell, and store crypto in a digital experience; Crypto Rewards that focuses on enabling customers to earn crypto rewards, as well as redeem existing reward currencies into crypto; and Crypto Payouts for customers to automatically invest a portion of payments into crypto.

See Also

Insider Buying and Selling by Quarter for Bakkt (NYSE:BKKT)

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