Akerna (NASDAQ:KERN) Shares Up 36.9%

Akerna Corp. (NASDAQ:KERNGet Free Report)’s stock price traded up 36.9% during mid-day trading on Monday . The company traded as high as $0.32 and last traded at $0.31. 1,415,900 shares were traded during mid-day trading, an increase of 318% from the average session volume of 339,022 shares. The stock had previously closed at $0.23.

Akerna Stock Performance

The stock has a market capitalization of $3.25 million, a P/E ratio of -0.04 and a beta of 3.02. The firm’s fifty day moving average is $6.06 and its 200-day moving average is $6.10.

Institutional Investors Weigh In On Akerna

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in Akerna by 133.4% in the first quarter. Bank of New York Mellon Corp now owns 307,789 shares of the company’s stock valued at $351,000 after purchasing an additional 175,900 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Akerna by 178.5% during the third quarter. Vanguard Group Inc. now owns 2,271,852 shares of the company’s stock worth $204,000 after purchasing an additional 1,455,966 shares during the last quarter. Walleye Capital LLC acquired a new position in Akerna during the second quarter worth $193,000. BlackRock Inc. lifted its stake in Akerna by 342.6% in the third quarter. BlackRock Inc. now owns 1,023,825 shares of the company’s stock valued at $92,000 after acquiring an additional 792,521 shares during the last quarter. Finally, Vident Investment Advisory LLC lifted its stake in Akerna by 68.1% in the first quarter. Vident Investment Advisory LLC now owns 63,163 shares of the company’s stock valued at $72,000 after acquiring an additional 25,595 shares during the last quarter. Institutional investors and hedge funds own 21.97% of the company’s stock.

About Akerna

(Get Free Report)

Akerna Corp. provides enterprise software solutions that enable regulatory compliance and inventory management in the United States and Canada. The company offers MJ Platform for the cannabis, hemp, and CBD industry; and Leaf Data Systems, a government regulatory software. It also provides consulting services to cannabis industry; business intelligence, data analytics and other software related services; and Last Call Analytics, a retail analytics platform.

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