Stocks of Bakkt Holdings Inc (NYSE:BKKT) traded higher last session on Wall Street, up 4.96% to $12.69.
BKKT stock price is now 15.67% away from the 50-day moving average and -16.36% away from the 200-day moving average. The market capitalization of the company currently stands at $176.54M.
With the price target of $2.50, Wells Fargo recently initiated with Equal Weight rating for Bakkt Holdings Inc (NYSE: BKKT). On July 19, 2022, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $3, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, D’Annunzio Marc, General Counsel & Secretary sold 10,000 shares of the company’s stock on May 14 ’25. The stock was sold for $142,082 at an average price of $14.21. Upon completion of the transaction, the General Counsel & Secretary now directly owns 69,807 shares in the company, valued at $0.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’25, Director Dow De’Ana sold 19,200 shares of the business’s stock. A total of $247,530 was realized by selling the stock at an average price of $12.89. This leaves the insider owning 22,728 shares of the company worth $0.29 million. A total of 12.38% of the company’s stock is owned by insiders.
During the past 12 months, Bakkt Holdings Inc has had a low of $6.81 and a high of $37.21. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 1.58, and a quick ratio of 1.58.
The net profit margin was -0.83% and return on equity was -60.94% for BKKT. The company reported revenue of $1.07 billion for the quarter, compared to $854.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.78 percent.
