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Bakkt, Inc. Stock: price and insider trades · United States
1 insider bought €1.8M of shares over the last 90 days, the latest filed 19 Aug 2026.
Bakkt, Inc.: what insiders have been doing
Bakkt, Inc., founded in 2018, is a Finance & Banking company based in Atlanta, United States. Its directors and officers file their transactions with SEC (Form 4). From 18 October 2025 to 18 October 2026, the disclosure feed for Bakkt, Inc. logged 46 filings by 8 insiders.
On the market, 1 insider bought (3 purchases totalling €1.8M) while 4 insiders sold (20 sales totalling €230k). No amount is published for 7 filings, which the totals therefore leave out. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Those buying include 1 senior executive. One trade stands out by size: a purchase of €1.8M from Alfred Michael, disclosed on 19 August 2026, or 0.51% of market capitalisation.
The most recent open-market purchase was published on 19 August 2026, 60 days ago. Typically, a trade is published a median of 2 days after it takes place. Section 16 rules allow two business days to file each Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives.
Compared with its exchange (5,458 companies, median 22 filings), a count of 46 filings is above the norm. Over the whole record (from 2021), the tally stands at 6 purchases and 58 sales. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 2.34 bn USD and net income at -107.2 m USD.
For comparison within the same sector, see the insider buying recorded at First Guaranty Bancshares, Inc. and BCB Bancorp Inc. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
236
Thresholds
n/a
Buy Volume
€5M
6 ops. · all time
Sell Volume
€25M
58 ops. · all time
Who traded when
BuySaleMarc D'Annunzio10 sales
Joseph Sean-Walsh Henderson5 sales
Karen Alexander4 sales
Nicholas Baes4 sales
Michael Alfred3 buys
Akshay Sudhir Naheta1 buy
+2 other insiders
Since the insiders bought
- -25.5%Entry US$7.50 · Close 16 Oct 2026 US$5.59
- +79.8%Entry US$8.77 · Close at T+90 US$15.77
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 23,783 of 24,148 companies
8.6
score / 100
Value5
Quality13
FCF yld-58%
Earn yld-40%
EV/EBITDA·
ROE-10%
Gross mgn1.1%
Net mgn-4.6%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$5.98
Analyst consensus
1 analysts1.00/5
US$12.00Target US$12.00(+101%)US$12.00
Income statement
RevenueUS$2.3B
Gross profitUS$26.9M1% margin
EBITDA-US$141.1M-6% margin
Net income-US$107.2M-2.8% margin
Valuation
P/Book0.8x
Beta6.07
Balance sheet & cash
Market capUS$269.5M
Total debtUS$549k
Free Cash Flow-US$157.2M
Debt / Equity0%
Profitability & ownership
ROE-10.2%
ROA-25.0%
% insiders40.2%
% institutions28.6%
Last declaration on 2 October 2026
Declarations236 total
30,000 shares0Class A Common StockSEC:0001628280-26-064670:0
243,454 shares0Class A Common StockSEC:0001628280-26-064674:0
45,000 shares0Class A Common StockSEC:0001628280-26-064672:0
20,000 shares0Class A Common StockSEC:0001628280-26-064667:0
1,272 shares@ US$8.610.0027% mcap29.4% of flowClass A Common StockSEC:0001628280-26-063634:0
1,272 shares@ US$8.610.0027% mcap7.3% of flowClass A Common StockSEC:0001628280-26-063636:0
282 shares@ US$8.610.0006% mcap75.6% of flowClass A Common StockSEC:0001628280-26-063638:0
296,567 shares@ US$7.120.51% mcap100.0% of flowClass A Common StockSEC:0001628280-26-057900:0
Canonical exit: 16 Nov 2026 (T+90)
657 shares@ US$8.440.0013% mcap11.0% of flowClass A Common StockSEC:0001628280-26-048608:0
94 shares@ US$8.330.0002% mcap24.4% of flowClass A Common StockSEC:0001628280-26-048605:0
539 shares@ US$8.440.0011% mcap3.1% of flowClass A Common StockSEC:0001628280-26-048610:0
604 shares@ US$8.260.0012% mcap31.7% of flowCommonSEC144:0001950047-26-007164
1,907 sharesClass A Common StockSEC:0001628280-26-046103:0
1,562 sharesClass A Common StockSEC:0001628280-26-046105:0
1,562 sharesClass A Common StockSEC:0001628280-26-046107:0
1,357 sharesClass A Common StockSEC:0001628280-26-046107:1
349 sharesClass A Common StockSEC:0001628280-26-046110:0
1,357 shares@ US$7.830.0028% mcap68.3% of flowCommonSEC144:0001950047-26-006546
100,000 sharesClass A Common StockSEC:0001628280-26-042553:1
Canonical exit: 8 Sept 2026 (T+90)
180,000 sharesClass A Common StockSEC:0001628280-26-042553:0
Canonical exit: 7 Sept 2026 (T+90)
335 shares@ US$10.000.0008% mcap6.5% of flowClass A Common StockSEC:0001870910-26-000006:0
3,789 shares@ US$9.130.0080% mcap22.6% of flowClass A Common StockSEC:0001871559-26-000004:0
2,352 shares@ US$9.130.0054% mcap56.3% of flowClass A Common StockSEC:0002043681-26-000005:0
4,684 shares@ US$9.130.011% mcap82.5% of flowClass A Common StockSEC:0001870910-26-000004:0
711 shares@ US$7.5614.3% of flowClass A Common StockSEC:0002043681-26-000003:0
25 of 236 declarations
About Bakkt, Inc.
Bakkt, Inc. (NYSE: BKKT) is a financial technology company headquartered in Atlanta, Georgia, United States. Founded in 2018, Bakkt originally built its brand around digital assets and loyalty-linked consumer use cases, but in 2025–2026 it accelerated a strategic pivot toward institutional digital-asset infrastructure. For investors, the company is best understood as a niche fintech platform with exposure to crypto trading infrastructure, stablecoin settlement, programmable payments, custody-related capabilities, and API/SaaS solutions for financial institutions and fintech partners. ([investors.bakkt.com](https://investors.bakkt.com/news-releases/news-release-details/bakkt-reports-first-quarter-2026-results?utm_source=openai))
Bakkt’s history is closely tied to Intercontinental Exchange, which helped launch the company in 2018 with the goal of connecting commerce, rewards, and digital assets in a regulated environment. Since becoming a public company, Bakkt has progressively streamlined its portfolio. In 2025 it sold its Loyalty business, and in April 2026 it completed the acquisition of Distributed Technologies Research (DTR), a stablecoin payments infrastructure provider. That transaction further sharpened Bakkt’s focus on settlement rails, programmable finance, and 24/7 cross-border payments. ([investors.bakkt.com](https://investors.bakkt.com/news-releases/news-release-details/bakkt-announces-preliminary-second-quarter-2025-financial?utm_source=openai))
Read moreShow less
Operationally, Bakkt now emphasizes several core pillars, including Bakkt Markets, Bakkt Agent, and Bakkt Global. These offerings are designed to deliver trading, liquidity, onboarding, compliance, automation, and embedded financial functionality through modular infrastructure that clients can integrate into their own products and systems. The company’s message to the market is that it provides institutional-grade tools rather than a pure retail crypto app, with an emphasis on compliance, security, and scalability. ([investors.bakkt.com](https://investors.bakkt.com/news-releases/news-release-details/bakkt-schedules-conference-call-discuss-first-quarter-2026?utm_source=openai))
From a competitive standpoint, Bakkt operates in a crowded landscape that includes crypto exchanges, custody providers, payment infrastructure firms, and broader fintech platforms. Its competitive edge is based on regulatory positioning, institutional integration, and the newer stablecoin and programmable-payments thesis. At the same time, the business remains exposed to intense competition, rapid regulatory change in the United States, and the inherent volatility of digital-asset markets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1820302/000162828026019870/bakkt-20251231.htm?utm_source=openai))
Recent highlights include a public equity raise in 2025, the elimination of all remaining long-term debt in September 2025, the announcement and closing of the DTR acquisition in 2026, and first-quarter 2026 results that emphasized Bakkt’s ongoing transformation. Management has also pointed to expansion opportunities in stablecoins, tokenization, and international markets. ([investors.bakkt.com](https://investors.bakkt.com/news-releases/news-release-details/bakkt-announces-closing-75-million-public-offering?utm_source=openai))
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