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BKBKKT

Bakkt Holdings, Inc.

$BKKT·$336M·Software - Infrastructure·Technology
$7.67-0.3%YTD-27.7%1Y-11.5%
Mentions · last 7 days
2026-08-21: 41 posts2026-08-22: 5 posts2026-08-23: 6 posts2026-08-24: 14 posts139+3%
Price updated 49m ago·X counts updated 7d ago
BKBKKT
$BKKTBakkt Holdings, Inc.
$7.67-0.26%139 posts+3%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $BKKT, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Comeback attemptWinding up for a moveAI verdict · as of 2026-08-29

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

Bakkt with a Q2 EPS blowout, board member's 5th open-market buy, and the stablecoin pivot landing — real crypto-infra turnaround setup.

Bakkt Holdings is a crypto and stablecoin infrastructure company — regulated crypto custody, plus a new stablecoin API v1.0.5 with off-ramp currencies (ZMW, UGX, SGD, CAD) as the growth vector. The setup is a genuine turnaround coiled around a specific pivot.

  • The Q2 print was extraordinary: EPS came in at $1.94 vs a $0.03 consensus (a huge beat, GAAP net income $80.8M), and the sell side models FY26 revenue at ~$2.38B climbing to ~$7.59B in 2027 and ~$12.13B in 2028 — a ~5x ramp over two years anchored on the stablecoin infrastructure pivot.
  • The insider signal is unusually loud: board member Mike Alfred made his 5th large open-market P-Purchase of 2026 (~$2.11M on August 18), now owning 1.2M+ shares — five open-market buys in a year from a single director is exactly the tell you want at 2% of the 52-week range and 26% below the 200-day.
  • The strategic pivot is credible: new CFO Matt White appointed on August 17 focused on stablecoin infrastructure, full-year TTV target of ~$2.5B, and the crowd's grouping with SHIB/AMC on speculative pump lists shows the tape is still discounting the fundamentals — but the fundamentals now support the turnaround thesis.

The setup is a coiled turnaround with a specific stablecoin-pivot catalyst plus loud director-buying signal — the November 9 Q3 print is the referee, and the market needs continued positive EPS trajectory plus updated stablecoin API monetization color. A clean beat plus another Alfred open-market buy breaks the coil up toward $12; another quarter of revenue decline (Q1 revenue was down -77% YoY) or a CFO transition setback kills the setup.

Agrees with X sentimentThe bullish X read on Q2 GAAP net income of $80.8M, the new CFO focused on stablecoin infrastructure, the full-year TTV target of ~$2.5B, board member Mike Alfred's 5th large open-market buy of 2026 (>$2M, now owning 1.2M+ shares), and the new stablecoin API v1.0.5 with new off-ramp currencies (ZMW, UGX, SGD, CAD) is factually consistent with the reported numbers and filings. The SHIB/AMC speculative-pump-list grouping is fair context but the fundamentals now support the turnaround.

What to watch: The November 9 Q3 earnings — need continued positive EPS trajectory (Q2 was $1.94), updated stablecoin API monetization color, and reiterated TTV target of ~$2.5B. Another quarter of revenue decline or a CFO transition setback kills the setup; a clean beat plus another Alfred open-market buy breaks the coil up toward $12.

On the calendar: 2026-11-09 — Q3 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment13 posts analyzed · as of 2026-08-30

Sentiment is bullish on Bakkt's operational turn — bulls cite the Q2 GAAP net income of $80.8M, a $2.5B TTV target, two API version bumps in eight days that hint at a sponsor-bank integration, and a fifth large insider buy of the year from Board member Mike Alfred (over $2M). CCO Daniel Ishag frames the "rebuilding phase" as "largely behind them." A layer of $SHIB/$AMC moon-spam noise runs alongside.

Read the AI verdict + X sentiment for $BKKT

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Operates a digital asset trading and custody platform enabling consumer and institutional Bitcoin and crypto transactions.

Industry overviewAI analysisGenerated by AI from underlying data

Where Software - Infrastructure sits in its cycle right now — and what that implies for $BKKT.

Software - Infrastructure · Technology

SaaS multiples remain compressed as rate-sensitive valuations weigh on pure-play software; customers are lengthening deal cycles outside of AI-native workloads. AI co-pilot upsell is the only clear near-term catalyst — companies without it are treading water.

What this means for $BKKT

Direct beneficiary — business directly tied to crypto market cap and adoption cycle; Operates a digital asset trading and custody platform enabling consumer and inst.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
-4.2%YTD
+0.4%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-0.8How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-67.9%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-8.2%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-18.5%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
0.2Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-117%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
31.7%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.0Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 10, 2026$1.94$0.03+6366.7%
Q1 2026May 11, 2026$-0.41$-0.10-310.0%
Q4 2025Mar 16, 2026$-6.73$-0.55-1134.9%
Q3 2025Nov 10, 2025$1.20$-0.47+355.3%
Next earningsMon, Nov 9·consensus EPS $0.21

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$243.6M-77.3%-1.3%-6.9%$-0.87$-12.8M
Q4 FY25$299.2M-83.4%-16.1%-21.3%$-6.37$-7.1M
Q3 FY25$402.2M+22.5%-4.0%-6.3%$-2.19$-49.9M
Q2 FY25$577.9M+13.3%95.3%-3.2%$-2.16$5.3M

Forward consensus

3-year forecast · up to 1 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$2.4B$2.4B – $2.4B$0.29$0.29 – $0.291
FY27$7.6B$7.6B – $7.6B$1.82$1.82 – $1.821
FY28$12.1B$12.1B – $12.1B$0.00$0.00 – $0.001

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.0×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.2%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-2.8%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-26.3%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatLow float · 35.3M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today3.7% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β5.955-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

BuyAug 18Michael AlfredDirector296.6K sh$2.1MSellJul 15Marc D'annunzioGeneral Counsel & Secretary539 sh$5KSellJul 15Karen AlexanderCFO657 sh$6KSellJul 15Henderson Joseph Sean-walshChief Accounting Officer94 sh$783SellJun 26Marc D'annunzioGeneral Counsel & Secretary1.4K sh$10KSellJun 25Henderson Joseph Sean-walshChief Accounting Officer349 sh$3KSellJun 25Marc D'annunzioGeneral Counsel & Secretary1.6K sh$12KSellJun 25Nicholas BaesCOO1.6K sh$12KSellJun 25Karen AlexanderCFO1.9K sh$15KBuyJun 10Michael AlfredDirector100.0K sh$783K
1–10 of 19
+ 5 other (4 exempts · 1 award) in window

See when $BKKT insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

3New insider — initial holdingsAug 273
AI summary

Matthew A. White filed an initial Form 3 as the newly appointed Chief Financial Officer of Bakkt Holdings, with a Section 16 reporting obligation effective August 17, 2026. As of the reporting date, White held no shares of BKKT common stock directly or indirectly. This is a routine insider registration filing required within 10 days of becoming a Section 16 reporting person. The filing establishes the baseline for future Form 4 disclosures.

8-KOfficer or director changeAug 178-K — Item 5.02: Officer or director change · Item 7.01: Press release / Reg FD
AI summary

Bakkt, Inc. disclosed that CFO and principal financial officer Karen Alexander and the company mutually agreed that she would cease serving in those roles effective August 14, 2026. Her departure is explicitly stated as unrelated to any disagreement with management or the company's external auditor; no interim or permanent CFO successor is named. CFO turnover at Bakkt is notable given the company's ongoing restructuring and financial challenges; the absence of a named successor adds near-term uncertainty.

8-KShareholder voteJun 268-K — Item 5.07: Shareholder vote
AI summary

Bakkt Holdings held its 2026 Annual Meeting of Stockholders on June 23, 2026; Michael Alfred and Lyn Alden were elected as Class II directors; the advisory executive compensation vote passed; Grant Thornton was ratified as independent auditor. Lyn Alden is a widely-followed independent macro and Bitcoin analyst; her board seat signals Bakkt's continued focus on the crypto markets business.

S-3Shelf registrationMay 13S-3
AI summary

BKKT filed a S-3 shelf registration statement dated 2026-05-13. The shelf provides capacity to issue equity or debt as market conditions allow. No immediate capital raise is triggered; watch for prospectus supplements disclosing actual transactions.

SC 13D/AActivist amendmentMay 4SC 13D/A
AI summary

Akshay Sudhir Naheta filed an amended Schedule 13D on BKKT disclosing beneficial ownership (11,138,989.00 shares) as of 2026-05-04. The filer's stated intent is passive investment with no plan to influence control of the company.

SC 13D/AActivist amendmentMay 4SC 13D/A
AI summary

INTERCONTINENTAL EXCHANGE, INC. filed an amended Schedule 13D on BKKT disclosing beneficial ownership (8,380,362.00 shares) as of 2026-05-04. The filer's stated intent is passive investment with no plan to influence control of the company.

8-KAcquisition completedApr 308-K — Item 2.01: Acquisition completed · Item 3.02: Unregistered equity sale · Item 5.01: Change in control · Item 7.01: Press release / Reg FD
AI summary

BKKT filed an 8-K Item 7.01 (Reg FD) disclosure dated 2026-04-30. Reg FD disclosures make material information simultaneously available to all investors; content may include guidance updates, strategic plans, or preliminary results.

8-KShareholder voteApr 208-K — Item 5.07: Shareholder vote
AI summary

BKKT held its special meeting of stockholders around 2026-04-20 (8-K Item 5.07). The meeting was adjourned, likely due to insufficient quorum. Routine governance event — monitor for unusually high withhold votes as an activist signal.

+ 25 other (6 proxys · 4 earnings 8-Ks · 3 13Gs · 2 10-Qs) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Bakkt Stock Jumps Friday: What's Going On?benzinga.com·10d agoBakkt Appoints Matt White as Chief Financial Officer for Next Phase of Global Growthglobenewswire.com·15d agoBakkt Q2 Earnings Call Highlightsmarketbeat.com·21d agoBakkt, Inc. (BKKT) Q2 2026 Earnings Call Transcriptseekingalpha.com·21d agoBakkt Schedules Conference Call to Discuss Second Quarter 2026 Resultsglobenewswire.com·35d ago

In themes

Explore the broader themes this ticker is being talked about under.

Crypto Equity PlaysStablecoins & Tokenization

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Voices on X · top 8 · last 7 days

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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