XTX Topco Ltd Sells 118,594 Shares of Bakkt Holdings, Inc. (NYSE:BKKT)

XTX Topco Ltd decreased its holdings in Bakkt Holdings, Inc. (NYSE:BKKT) by 90.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,253 shares of the company’s stock after selling 118,594 shares during the quarter. XTX Topco Ltd owned 0.09% of Bakkt worth $232,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Headlands Technologies LLC purchased a new position in Bakkt in the 2nd quarter worth about $54,000. Summit Securities Group LLC purchased a new position in Bakkt in the 2nd quarter worth about $75,000. Vanguard Group Inc. raised its position in Bakkt by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 3,722,829 shares of the company’s stock worth $1,712,000 after buying an additional 313,227 shares during the last quarter. Van ECK Associates Corp raised its position in Bakkt by 136.3% in the 1st quarter. Van ECK Associates Corp now owns 6,857,094 shares of the company’s stock worth $3,153,000 after buying an additional 3,955,725 shares during the last quarter. Finally, HighPoint Advisor Group LLC purchased a new position in Bakkt in the 4th quarter worth about $201,000. Hedge funds and other institutional investors own 11.11% of the company’s stock.

Bakkt Stock Performance

Shares of NYSE:BKKT opened at $9.86 on Friday. Bakkt Holdings, Inc. has a fifty-two week low of $5.57 and a fifty-two week high of $68.75. The firm has a market cap of $133.31 million, a price-to-earnings ratio of -0.53 and a beta of 4.76. The business has a 50-day simple moving average of $13.70 and a two-hundred day simple moving average of $14.09.

Bakkt (NYSE:BKKT) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($2.67) EPS for the quarter, missing the consensus estimate of ($1.77) by ($0.90). Bakkt had a negative net margin of 3.85% and a negative return on equity of 47.29%. The business had revenue of $509.90 million for the quarter, compared to analysts’ expectations of $877.20 million. During the same period in the previous year, the company earned ($4.75) EPS. As a group, research analysts predict that Bakkt Holdings, Inc. will post -6.47 earnings per share for the current year.

Bakkt Company 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.