Key Points
- CAO Joseph Sean-Walsh Henderson sold 2,461 shares on Dec. 19 at an average price of $10.01 for $24,634.61, trimming his stake by 18.37% to 10,936 shares (about $109,469).
- Bakkt shares trade near $10 (opened $10.29) with a 12‑month range of $6.81–$49.79 and a market cap of roughly $321M; analysts have a consensus "Hold" rating with an average price target of $13.00.
Bakkt Holdings, Inc. (NYSE:BKKT - Get Free Report) CAO Joseph Sean-Walsh Henderson sold 2,461 shares of the business's stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $10.01, for a total transaction of $24,634.61. Following the transaction, the chief accounting officer owned 10,936 shares of the company's stock, valued at approximately $109,469.36. This represents a 18.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Joseph Sean-Walsh Henderson also recently made the following trade(s):
- On Wednesday, November 12th, Joseph Sean-Walsh Henderson sold 169 shares of Bakkt stock. The stock was sold at an average price of $21.50, for a total transaction of $3,633.50.
Bakkt Trading Down 2.6%
Shares of Bakkt stock opened at $10.29 on Wednesday. Bakkt Holdings, Inc. has a 12 month low of $6.81 and a 12 month high of $49.79. The company has a market capitalization of $320.94 million, a PE ratio of -2.01 and a beta of 5.89. The stock's fifty day simple moving average is $19.70 and its 200 day simple moving average is $17.56.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on BKKT shares. Benchmark initiated coverage on shares of Bakkt in a research report on Monday, September 8th. They set a "buy" rating and a $13.00 price objective for the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Bakkt in a research note on Monday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $13.00.
Check Out Our Latest Stock Analysis on BKKT
Institutional Trading of Bakkt
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new position in Bakkt in the third quarter valued at $30,000. Legal & General Group Plc boosted its position in Bakkt by 110.7% during the third quarter. Legal & General Group Plc now owns 982 shares of the company's stock valued at $33,000 after purchasing an additional 516 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Bakkt in the third quarter valued at approximately $41,000. Russell Investments Group Ltd. increased its position in shares of Bakkt by 759.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,036 shares of the company's stock worth $69,000 after purchasing an additional 1,799 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Bakkt by 268.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,158 shares of the company's stock worth $73,000 after purchasing an additional 1,572 shares in the last quarter. 11.11% of the stock is currently owned by institutional investors and hedge funds.
About Bakkt
(
Get Free Report)
Bakkt Holdings, Inc is a digital asset platform that aims to bridge traditional finance and digital assets by offering institutional-grade custody, trading and settlement services. Established in 2018 by Intercontinental Exchange (ICE), the company initially made headlines with the launch of its physically settled Bitcoin futures contracts in 2019. Since then, Bakkt has expanded its product lineup to include spot trading of cryptocurrencies, a secure digital wallet for retail customers and a payment gateway that enables merchants to accept digital assets alongside fiat currencies.
The company's core offering centers on its custody infrastructure, which is built to meet robust regulatory and security standards.
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