SG Americas Securities LLC Invests $109,000 in Bakkt Holdings, Inc. (NYSE:BKKT)

SG Americas Securities LLC bought a new position in shares of Bakkt Holdings, Inc. (NYSE:BKKT) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,401 shares of the company’s stock, valued at approximately $109,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in Bakkt in the third quarter valued at approximately $2,020,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Bakkt in the 2nd quarter valued at approximately $132,000. Finally, Barclays PLC acquired a new stake in shares of Bakkt in the 3rd quarter valued at $28,000. 11.11% of the stock is currently owned by institutional investors and hedge funds.

Bakkt Trading Up 3.2 %

Bakkt stock opened at $14.34 on Thursday. The company has a fifty day simple moving average of $24.71 and a 200-day simple moving average of $17.84. The stock has a market cap of $196.04 million, a P/E ratio of -1.17 and a beta of 5.41. Bakkt Holdings, Inc. has a 12-month low of $5.57 and a 12-month high of $37.21.

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.