Bakkt Holdings, Inc. (NYSE:BKKT) Director Impact Acquisition Holding Vpc Sells 50,000 Shares of Stock

Bakkt Holdings, Inc. (NYSE:BKKT – Get Rating) Director Impact Acquisition Holding Vpc sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $1.32, for a total value of $66,000.00. Following the sale, the director now directly owns 7,573,540 shares in the company, valued at $9,997,072.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Impact Acquisition Holding Vpc also recently made the following trade(s):

• On Friday, January 13th, Impact Acquisition Holding Vpc sold 100,000 shares of Bakkt stock. The stock was sold at an average price of $2.06, for a total value of $206,000.00.

Bakkt Stock Down 5.4 %

NYSE:BKKT opened at $1.22 on Wednesday. Bakkt Holdings, Inc. has a fifty-two week low of $1.08 and a fifty-two week high of $7.76. The company has a 50 day moving average price of $1.60 and a 200 day moving average price of $1.87.

Analyst Upgrades and Downgrades

BKKT has been the subject of a number of recent research reports. Citigroup downgraded shares of Bakkt from a “neutral” rating to a “sell” rating in a research note on Tuesday. Wells Fargo & Company reduced their price target on Bakkt from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research report on Monday, January 9th. Finally, Rosenblatt Securities reduced their price target on Bakkt from $2.20 to $2.10 and set a “buy” rating on the stock in a research report on Friday, March 10th.

Institutional Investors Weigh In On Bakkt

Hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in shares of Bakkt by 59.6% in the fourth quarter. Alliancebernstein L.P. now owns 45,000 shares of the company’s stock valued at $54,000 after acquiring an additional 16,800 shares in the last quarter. State of Wyoming boosted its holdings in shares of Bakkt by 633.1% in the fourth quarter. State of Wyoming now owns 140,063 shares of the company’s stock valued at $167,000 after acquiring an additional 120,958 shares in the last quarter. Vident Investment Advisory LLC boosted its holdings in shares of Bakkt by 6.6% in the fourth quarter. Vident Investment Advisory LLC now owns 467,058 shares of the company’s stock valued at $556,000 after acquiring an additional 28,873 shares in the last quarter. Alpine Global Management LLC boosted its holdings in Bakkt by 327.9% during the fourth quarter. Alpine Global Management LLC now owns 85,586 shares of the company’s stock worth $102,000 after buying an additional 65,586 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in Bakkt during the fourth quarter worth about $98,000. 8.39% of the stock is currently owned by institutional investors and hedge funds.

Bakkt Company Profile

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Bakkt Holdings, Inc operates a digital asset platform. The company's platform enables consumers to buy, sell, convert, and spend digital assets. Its customers include merchants, retailers, and financial institutions. Bakkt Holdings, Inc has a strategic alliance with the Global Payments to collaborate on use cases starting with enabling cryptocurrency redemption in customer loyalty programs offered by bankcard clients, as well as expanding its banking-as-a-service offerings to include consumer access to cryptocurrency.