Point72 DIFC Ltd Acquires Shares of 6,218 Bakkt Holdings, Inc. (NYSE:BKKT)

Point72 DIFC Ltd bought a new position in Bakkt Holdings, Inc. (NYSE:BKKT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,218 shares of the company’s stock, valued at approximately $118,000.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in Bakkt in the second quarter worth $54,000. Summit Securities Group LLC bought a new stake in shares of Bakkt during the second quarter valued at approximately $75,000. Quadrature Capital Ltd purchased a new stake in shares of Bakkt in the fourth quarter valued at approximately $89,000. Cubist Systematic Strategies LLC bought a new stake in shares of Bakkt in the 2nd quarter valued at about $132,000. Finally, HighPoint Advisor Group LLC bought a new position in shares of Bakkt during the fourth quarter valued at approximately $201,000. 11.11% of the stock is owned by hedge funds and other institutional investors.

Bakkt Price Performance

Shares of NYSE BKKT opened at $9.00 on Wednesday. The business has a fifty day moving average price of $13.29 and a 200 day moving average price of $14.01. Bakkt Holdings, Inc. has a 1-year low of $5.57 and a 1-year high of $68.75. The stock has a market capitalization of $121.68 million, a P/E ratio of -0.48 and a beta of 4.76.

Bakkt (NYSE:BKKT) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($2.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.77) by ($0.90). The firm had revenue of $509.90 million during the quarter, compared to analysts’ expectations of $877.20 million. Bakkt had a negative return on equity of 47.29% and a negative net margin of 3.85%. During the same quarter in the previous year, the business earned ($4.75) earnings per share. As a group, equities research analysts anticipate that Bakkt Holdings, Inc. will post -6.47 earnings per share for the current fiscal year.

About Bakkt

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.