Walleye Capital LLC bought a new position in shares of Akerna Corp. (NASDAQ:KERN – Get Rating) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,399,506 shares of the company’s stock, valued at approximately $193,000. Walleye Capital LLC owned approximately 3.80% of Akerna as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Perkins Capital Management Inc. acquired a new stake in shares of Akerna during the second quarter worth about $300,000. Bank of New York Mellon Corp increased its position in Akerna by 133.4% in the 1st quarter. Bank of New York Mellon Corp now owns 307,789 shares of the company’s stock valued at $351,000 after acquiring an additional 175,900 shares during the period. Finally, Vident Investment Advisory LLC increased its position in Akerna by 68.1% in the 1st quarter. Vident Investment Advisory LLC now owns 63,163 shares of the company’s stock valued at $72,000 after acquiring an additional 25,595 shares during the period. Institutional investors and hedge funds own 12.67% of the company’s stock.
Akerna Stock Performance
Shares of KERN stock opened at $1.08 on Friday. The stock has a market capitalization of $4.34 million, a PE ratio of -0.02 and a beta of 2.76. Akerna Corp. has a 52-week low of $1.06 and a 52-week high of $56.00. The stock’s 50-day moving average price is $0.31 and its 200 day moving average price is $0.28. The company has a quick ratio of 0.41, a current ratio of 0.66 and a debt-to-equity ratio of 0.26.
Analyst Ratings Changes
Akerna Corp. provides enterprise software solutions that enable regulatory compliance and inventory management in United States and Canada. The company offers MJ Platform for the cannabis, hemp, and CBD industry; and Leaf Data Systems, a government regulatory software. It also provides consulting services to cannabis industry; business intelligence, data analytics and other software related services; and Last Call Analytics, a tool for alcohol brands to analyze their retail sales analytics.
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