Bakkt (NYSE:BKKT) Director Michael Alfred Purchases 296,567 Shares

Posted by George Bondi on Aug 20th, 2026

Bakkt Holdings, Inc. (NYSE:BKKT – Get Free Report) Director Michael Alfred acquired 296,567 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was acquired at an average cost of $7.12 per share, for a total transaction of $2,111,557.04. Following the completion of the transaction, the director directly owned 1,201,567 shares in the company, valued at $8,555,157.04. This represents a 32.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Michael Alfred also recently made the following trade(s):

On Wednesday, June 10th, Michael Alfred purchased 100,000 shares of Bakkt stock. The stock was acquired at an average price of $7.83 per share, with a total value of $783,000.00.
On Tuesday, June 9th, Michael Alfred purchased 180,000 shares of Bakkt stock. The shares were acquired at an average cost of $7.71 per share, for a total transaction of $1,387,800.00.

Bakkt Stock Performance

Shares of NYSE:BKKT opened at $7.73 on Thursday. The business has a 50-day simple moving average of $7.98 and a two-hundred day simple moving average of $8.94. Bakkt Holdings, Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $49.79. The firm has a market cap of $344.66 million, a price-to-earnings ratio of 17.17 and a beta of 5.91.

Bakkt (NYSE:BKKT – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $1.91. Bakkt had a negative return on equity of 41.11% and a negative net margin of 2.78%.The firm had revenue of $170.15 million for the quarter, compared to the consensus estimate of $373.27 million.

Institutional Trading of Bakkt

Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc raised its holdings in Bakkt by 110.7% in the 3rd quarter. Legal & General Group Plc now owns 982 shares of the company’s stock valued at $33,000 after acquiring an additional 516 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Bakkt in the third quarter valued at approximately $30,000. Bank of America Corp DE grew its position in shares of Bakkt by 39.8% in the third quarter. Bank of America Corp DE now owns 4,169 shares of the company’s stock valued at $140,000 after purchasing an additional 1,187 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Bakkt in the third quarter valued at approximately $41,000. Finally, BNP Paribas Financial Markets lifted its position in Bakkt by 268.3% during the third quarter. BNP Paribas Financial Markets now owns 2,158 shares of the company’s stock worth $73,000 after buying an additional 1,572 shares in the last quarter. Hedge funds and other institutional investors own 11.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BKKT. Benchmark lowered their target price on Bakkt from $19.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings upgraded Bakkt from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen upgraded shares of Bakkt from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. 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.com, Bakkt has a consensus rating of “Hold” and an average price target of $12.00.

View Our Latest Stock Analysis on BKKT

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.