Pilgrim Partners Asia Pte Ltd Invests $292,000 in Bakkt Holdings, Inc. (NYSE:BKKT)

Pilgrim Partners Asia Pte Ltd purchased a new position in Bakkt Holdings, Inc. (NYSE:BKKT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,800 shares of the company’s stock, valued at approximately $292,000. Pilgrim Partners Asia Pte Ltd owned about 0.09% of Bakkt as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BKKT. Geode Capital Management LLC boosted its position in shares of Bakkt by 137.0% during the 4th quarter. Geode Capital Management LLC now owns 152,884 shares of the company’s stock worth $3,788,000 after acquiring an additional 88,370 shares in the last quarter. Headlands Technologies LLC acquired a new position in Bakkt in the fourth quarter valued at approximately $223,000. JPMorgan Chase & Co. increased its stake in Bakkt by 2,231.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,725 shares of the company’s stock valued at $43,000 after purchasing an additional 1,651 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Bakkt during the fourth quarter worth approximately $304,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Bakkt during the 4th quarter worth approximately $87,000. Institutional investors and hedge funds own 11.11% of the company’s stock.

Bakkt Trading Down 9.8 %

Shares of Bakkt stock opened at $8.09 on Friday. The company has a fifty day simple moving average of $13.45 and a 200-day simple moving average of $17.34. Bakkt Holdings, Inc. has a 12-month low of $5.57 and a 12-month high of $37.21. The stock has a market cap of $110.85 million, a price-to-earnings ratio of -0.66 and a beta of 5.47.

Bakkt (NYSE:BKKT) last issued its quarterly earnings data on Wednesday, March 19th. The company reported ($2.95) earnings per share (EPS) for the quarter. Bakkt had a negative return on equity of 62.65% and a negative net margin of 2.84%. The firm had revenue of $1.80 billion for the quarter. During the same quarter last year, the firm posted ($0.29) earnings per share.

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.