Mirae Asset Global Investments Co. Ltd. Has $4.30 Million Holdings in Bakkt Holdings, Inc. (NYSE:BKKT)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Bakkt Holdings, Inc. (NYSE:BKKT) by 47.8% during the 4th quarter, Holdings Channel reports. The fund owned 1,928,052 shares of the company’s stock after acquiring an additional 623,748 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Bakkt were worth $4,300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. PEAK6 Investments LLC acquired a new position in Bakkt during the 3rd quarter worth $7,185,000. State Street Corp lifted its holdings in Bakkt by 842.3% during the 2nd quarter. State Street Corp now owns 1,058,253 shares of the company’s stock worth $2,222,000 after buying an additional 945,944 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Bakkt by 67.3% during the 1st quarter. Vanguard Group Inc. now owns 2,158,040 shares of the company’s stock worth $13,294,000 after buying an additional 868,031 shares in the last quarter. BlackRock Inc. lifted its holdings in Bakkt by 13.4% during the 2nd quarter. BlackRock Inc. now owns 4,618,078 shares of the company’s stock worth $5,680,000 after buying an additional 544,598 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in Bakkt during the 3rd quarter worth $537,000. 11.11% of the stock is owned by institutional investors and hedge funds.

Bakkt Trading Down 10.5 %

Shares of Bakkt stock opened at $0.44 on Tuesday. The firm has a fifty day moving average of $0.69 and a two-hundred day moving average of $1.18. Bakkt Holdings, Inc. has a 52 week low of $0.41 and a 52 week high of $2.75.

Insider Buying and Selling at Bakkt

In other Bakkt news, General Counsel Marc D’annunzio sold 42,807 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $1.27, for a total transaction of $54,364.89. Following the completion of the sale, the general counsel now owns 667,320 shares in the company, valued at approximately $847,496.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $0.87 per share, for a total transaction of $2,402,947.83. Following the transaction, the insider now directly owns 7,476,345 shares in the company, valued at $6,504,420.15. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Marc D’annunzio sold 42,807 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $1.27, for a total transaction of $54,364.89. Following the completion of the sale, the general counsel now owns 667,320 shares of the company’s stock, valued at approximately $847,496.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 112,383 shares of company stock worth $117,525. Insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on BKKT. Rosenblatt Securities reaffirmed a “buy” rating and set a $0.75 price objective on shares of Bakkt in a report on Tuesday, March 26th. Citigroup dropped their target price on shares of Bakkt from $0.50 to $0.30 and set a “sell” rating for the company in a research report on Wednesday, March 27th.

Bakkt Company Profile

Bakkt Holdings, Inc offers a platform for crypto and redeeming loyalty points. The company's institutional-grade technology platform offers various solutions, such as Custody, an institutional-grade custody solution for market participants; Crypto Connect, a platform that enables consumers, businesses, and institutions to buy, sell, and store crypto in a digital experience; Crypto Rewards that focuses on enabling customers to earn crypto rewards, as well as redeem existing reward currencies into crypto; and Crypto Payouts for customers to automatically invest a portion of payments into crypto.