Bakkt Holdings, Inc. (NYSE:BKKT) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its holdings in Bakkt Holdings, Inc. (NYSE:BKKT) by 55.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 64,514 shares of the company’s stock after selling 81,271 shares during the period. Geode Capital Management LLC owned about 0.48% of Bakkt worth $618,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Barclays PLC acquired a new position in Bakkt during the 3rd quarter valued at about $28,000. Headlands Technologies LLC acquired a new position in Bakkt during the 2nd quarter valued at about $54,000. Point72 DIFC Ltd acquired a new position in Bakkt during the 2nd quarter valued at about $118,000. Cubist Systematic Strategies LLC acquired a new position in Bakkt during the 2nd quarter valued at about $132,000. Finally, International Assets Investment Management LLC acquired a new position in Bakkt during the 3rd quarter valued at about $2,020,000. 11.11% of the stock is owned by institutional investors and hedge funds.

Bakkt Trading Down 1.8 %

BKKT stock opened at $24.94 on Friday. Bakkt Holdings, Inc. has a 52 week low of $5.57 and a 52 week high of $49.50. The company has a market capitalization of $340.95 million, a price-to-earnings ratio of -2.04 and a beta of 5.48. The firm’s 50-day moving average is $23.92 and its two-hundred day moving average is $17.39.

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.