Bakkt (BKKT) COO Nicholas Baes Sells $12K of Stock

Nicholas Baes, Chief Operating Officer of Bakkt, Inc. (NYSE:BKKT), sold 1,562 shares of the company on June 25, 2026. The shares were sold at an average price of $7.93, totaling $12,386.66. This transaction was not part of a pre-arranged trading plan.

Insider Buying and Selling at Bakkt, Inc.

Several insiders at Bakkt, Inc. have been active in the market recently. On the same day as Baes's sale, Karen Alexander, the Chief Financial Officer, also sold 1,907 shares at $7.93 each. Additionally, on June 26, Marc D'Annunzio, General Counsel & Secretary, sold 1,357 shares at $7.71 as part of a planned sale.

Other Institutional Activity in Bakkt, Inc.

In recent institutional activity, BlackRock, Inc. increased its holdings in Bakkt by 164,229 shares, bringing its total to 1,153,865 shares valued at approximately $8.49 million. Alyeska Investment Group, L.P. opened a new position with 1,023,810 shares valued at $7.54 million. Tidal Investments LLC significantly boosted its stake by 817,424 shares, ending with 947,547 shares worth about $6.97 million. Conversely, Weiss Asset Management LP reduced its holdings by 134,110 shares, bringing its total to 678,530 shares, valued at $4.99 million.

Bakkt, Inc. Stock Down 2.0%

Shares of Bakkt, Inc. traded near $8.44 on Tuesday. The company has a market capitalization of $377.3 million and a forward P/E ratio of 8.79. With a beta of 5.857, Bakkt's stock has been volatile. The stock's 52-week low is $6.87, while its high is $49.79. The 50-day moving average is $9.16, and the 200-day moving average is $14.52. Bakkt maintains a strong financial position with a current ratio of 4.129 and a quick ratio of 2.965.

Analysts Set New Price Targets

On March 20, 2026, Clear Street maintained its 'buy' rating on Bakkt, setting a price target of $21. Similarly, Benchmark maintained its 'buy' rating with a $22 target on March 18, 2026. The consensus among analysts is a target mean price of $19.00, with one analyst providing an opinion.

About Bakkt, Inc.

Bakkt, Inc., headquartered in Atlanta, Georgia, is a technology company specializing in infrastructure for digital financial assets. It offers solutions like Bakkt Market and Bakkt Agent, which help institutions with digital asset trading and payments. The company serves a diverse clientele, including financial institutions, hedge funds, and merchants, and operates in the United States, Latin America, Europe, and Asia. Bakkt, Inc. was founded in 2018 and is led by CEO Mr. Akshay Naheta.

Bottom Line

The recent insider sales at Bakkt, Inc. provide insight into the company's internal activities, though such sales are not necessarily indicative of future performance. Investors often track insider transactions as part of their broader research. It's important to remember that these filings are backward-looking and reflect past actions.