image
Technology - Software - Infrastructure - NYSE - US
$ 11.32
-6.52 %
$ 71.6 M
Market Cap
-0.68
P/E
1. INTRINSIC VALUE

Bakkt Holdings, Inc. operates a digital asset platform. The company's platform enables consumers to buy, sell, convert, and spend digital assets. Its customers include merchants, retailers, and financial institutions. Bakkt Holdings, Inc. has a strategic alliance with the Global Payments to collaborate on use cases starting with enabling cryptocurrency redemption in customer loyalty programs offered by bankcard clients, as well as expanding its banking-as-a-service offerings to include consumer access to cryptocurrency. The company was formerly known as VPC Impact Acquisition Holdings and changed its name to Bakkt Holdings, Inc. The company was founded in 2018 and is headquartered in Alpharetta, Georgia.[ Read More ]

The intrinsic value of one BKKT stock under the base case scenario is HIDDEN Compared to the current market price of 11.3 USD, Bakkt Holdings, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart BKKT

image
FINANCIALS
780 M REVENUE
1329.68%
-228 M OPERATING INCOME
-13.83%
-74.9 M NET INCOME
96.24%
-60.7 M OPERATING CASH FLOW
48.39%
66 M INVESTING CASH FLOW
138.36%
-2.63 M FINANCING CASH FLOW
-1.93%
328 M REVENUE
-35.59%
-27.4 M OPERATING INCOME
-24.37%
-19.4 M NET INCOME
45.37%
-25.1 M OPERATING CASH FLOW
61.96%
5.9 M INVESTING CASH FLOW
37.35%
-112 K FINANCING CASH FLOW
-1.50%
Balance Sheet Decomposition Bakkt Holdings, Inc.
image
Current Assets 883 M
Cash & Short-Term Investments 102 M
Receivables 29.7 M
Other Current Assets 751 M
Non-Current Assets 84.2 M
Long-Term Investments 0
PP&E 11.5 M
Other Non-Current Assets 72.7 M
Current Liabilities 802 M
Accounts Payable 14.9 M
Short-Term Debt 3.64 M
Other Current Liabilities 784 M
Non-Current Liabilities 29.1 M
Long-Term Debt 23.5 M
Other Non-Current Liabilities 5.55 M
EFFICIENCY
Earnings Waterfall Bakkt Holdings, Inc.
image
Revenue 780 M
Cost Of Revenue 719 M
Gross Profit 61.6 M
Operating Expenses 873 M
Operating Income -228 M
Other Expenses -153 M
Net Income -74.9 M
RATIOS
7.90% GROSS MARGIN
7.90%
-29.21% OPERATING MARGIN
-29.21%
-9.59% NET MARGIN
-9.59%
-155.04% ROE
-155.04%
-7.74% ROA
-7.74%
-472.93% ROIC
-472.93%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Bakkt Holdings, Inc.
image
Net Income -74.9 M
Depreciation & Amortization 13.9 M
Capital Expenditures -9.43 M
Stock-Based Compensation 16.8 M
Change in Working Capital 41.9 M
Others 1.48 M
Free Cash Flow -70.1 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Bakkt Holdings, Inc.
image
BKKT has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Bakkt Holdings, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
52.2 K USD 1
9-12 MONTHS
6.49 M USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
14.5 M USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
6 months ago
Apr 25, 2024
Bought 304 K USD
Intercontinental Exchange, Inc.
10 percent owner
+ 350880
0.867 USD
6 months ago
Apr 25, 2024
Bought 4.47 M USD
Intercontinental Exchange, Inc.
10 percent owner
+ 175440
25.5 USD
6 months ago
Apr 25, 2024
Bought 4.47 M USD
Intercontinental Exchange, Inc.
10 percent owner
+ 175440
25.5 USD
6 months ago
Apr 22, 2024
Sell 8.17 K USD
D'Annunzio Marc
General Counsel & Secretary
- 20504
0.3987 USD
8 months ago
Mar 04, 2024
Bought 2.39 M USD
Intercontinental Exchange, Inc.
10 percent owner
+ 2762009
0.867 USD
8 months ago
Mar 04, 2024
Bought 1.41 M USD
Intercontinental Exchange, Inc.
10 percent owner
+ 1381004
1.02 USD
8 months ago
Mar 04, 2024
Bought 1.41 M USD
Intercontinental Exchange, Inc.
10 percent owner
+ 1381004
1.02 USD
8 months ago
Feb 23, 2024
Sell 44 K USD
D'Annunzio Marc
General Counsel & Secretary
- 50247
0.8766 USD
9 months ago
Feb 08, 2024
Sell 18.9 K USD
D'Annunzio Marc
General Counsel & Secretary
- 19329
0.9792 USD
9 months ago
Jan 25, 2024
Sell 54.2 K USD
D'Annunzio Marc
General Counsel & Secretary
- 42807
1.2673 USD
10 months ago
Dec 29, 2023
Sell 1.01 M USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 393125
2.5585 USD
10 months ago
Dec 28, 2023
Sell 833 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 360544
2.3097 USD
10 months ago
Dec 27, 2023
Sell 1.7 M USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 753001
2.2521 USD
10 months ago
Dec 20, 2023
Sell 479 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 237711
2.0135 USD
10 months ago
Dec 19, 2023
Sell 291 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 144484
2.0107 USD
11 months ago
Dec 07, 2023
Sell 414 K USD
Collins Sean Roberts
Director
- 225236
1.84 USD
11 months ago
Dec 07, 2023
Sell 329 K USD
Collins Sean Roberts
Director
- 182646
1.8029 USD
11 months ago
Dec 08, 2023
Sell 79.6 K USD
Collins Sean Roberts
Director
- 46501
1.7111 USD
11 months ago
Dec 07, 2023
Sell 87.7 K USD
Collins Sean Roberts
Director
- 47661
1.84 USD
11 months ago
Dec 08, 2023
Sell 64 K USD
Collins Sean Roberts
Director
- 36990
1.73 USD
11 months ago
Dec 07, 2023
Sell 23.5 K USD
Collins Sean Roberts
Director
- 12782
1.84 USD
11 months ago
Dec 08, 2023
Sell 41.4 K USD
Collins Sean Roberts
Director
- 23939
1.73 USD
11 months ago
Dec 11, 2023
Sell 51.8 USD
Collins Sean Roberts
Director
- 31
1.67 USD
11 months ago
Dec 06, 2023
Sell 38.5 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 18763
2.0516 USD
11 months ago
Dec 06, 2023
Sell 82.8 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 40283
2.0544 USD
11 months ago
Dec 05, 2023
Sell 569 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 276898
2.0542 USD
11 months ago
Dec 04, 2023
Sell 385 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 182819
2.1042 USD
1 year ago
Jul 19, 2023
Sell 1.11 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 600
1.85 USD
1 year ago
Jul 17, 2023
Sell 76 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 40585
1.8731 USD
1 year ago
Jul 14, 2023
Sell 828 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 400000
2.07 USD
1 year ago
Jul 13, 2023
Sell 660 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 400000
1.6498 USD
1 year ago
Jul 12, 2023
Sell 630 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 400000
1.5742 USD
1 year ago
Jul 11, 2023
Sell 315 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 200000
1.5773 USD
1 year ago
May 18, 2023
Sell 77.6 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 54914
1.4126 USD
1 year ago
Apr 28, 2023
Sell 68.8 K USD
D'Annunzio Marc
General Counsel & Secretary
- 50237
1.3686 USD
1 year ago
Apr 28, 2023
Sell 68.8 K USD
D'Annunzio Marc
General Counsel & Secretary
- 50237
1.3686 USD
1 year ago
Apr 14, 2023
Sell 34.4 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 22488
1.5305 USD
1 year ago
Apr 03, 2023
Sell 33.3 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 20000
1.666 USD
1 year ago
Mar 31, 2023
Sell 127 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 74495
1.7 USD
1 year ago
Mar 14, 2023
Sell 66 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
director, 10 percent owner:
- 50000
1.32 USD
1 year ago
Feb 13, 2023
Sell 6.49 K USD
Elliot Mark Sonbolian
Chief Sales & Mktg Officer
- 4382
1.4803 USD
1 year ago
Feb 13, 2023
Sell 30.3 K USD
D'Annunzio Marc
General Counsel & Secretary
- 20511
1.4794 USD
1 year ago
Feb 06, 2023
Sell 73.8 K USD
D'Annunzio Marc
General Counsel & Secretary
- 43157
1.7097 USD
1 year ago
Feb 01, 2023
Sell 541 K USD
Michael Gavin Constantine
CEO and President
- 340002
1.5904 USD
1 year ago
Jan 25, 2023
Sell 27.9 K USD
Elliot Mark Sonbolian
Chief Sales & Mktg Officer
- 16500
1.6939 USD
1 year ago
Jan 13, 2023
Sell 206 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 100000
2.061 USD
1 year ago
Dec 23, 2022
Sell 15.5 K USD
Alexander Karen
Chief Financial Officer
- 11487
1.35 USD
1 year ago
Dec 01, 2022
Sell 124 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 69640
1.784 USD
2 years ago
Nov 17, 2022
Sell 330 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 170000
1.941 USD
2 years ago
Oct 26, 2022
Sell 17.5 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
Director
- 7500
2.331 USD
2 years ago
May 19, 2022
Sell 43.7 K USD
Levy Richard N
director:
- 16000
2.73 USD
2 years ago
Dec 23, 2021
Sell 143 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
director, 10 percent owner:
- 14115
10.14 USD
2 years ago
Dec 16, 2021
Sell 403 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
director, 10 percent owner:
- 44856
8.98 USD
2 years ago
Dec 16, 2021
Sell 653 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
director, 10 percent owner:
- 63600
10.27 USD
2 years ago
Dec 16, 2021
Sell 62 K USD
VPC Impact Acquisition Holdings Sponsor, LLC
director, 10 percent owner:
- 5540
11.19 USD
3 years ago
Jul 07, 2021
Sell 17.9 M USD
Alpine Global Management, LLC
10 percent owner
- 1800000
9.97 USD
3 years ago
Jan 28, 2021
Bought 50 K USD
Alpine Global Management, LLC
10 percent owner
+ 3577
13.98 USD
3 years ago
Jan 29, 2021
Bought 49.1 K USD
Alpine Global Management, LLC
10 percent owner
+ 3344
14.68 USD
3 years ago
Jan 28, 2021
Sell 40.4 K USD
Alpine Global Management, LLC
10 percent owner
- 2860
14.11 USD
3 years ago
Jan 27, 2021
Bought 3.65 M USD
Alpine Global Management, LLC
10 percent owner
+ 259523
14.06 USD
3 years ago
Jan 29, 2021
Sell 10.5 K USD
Alpine Global Management, LLC
10 percent owner
- 717
14.65 USD
3 years ago
Jan 26, 2021
Bought 3.9 M USD
Alpine Global Management, LLC
10 percent owner
+ 258788
15.07 USD
7. News
Bakkt Holdings, Inc. (BKKT) Q3 2024 Earnings Call Transcript Bakkt Holdings, Inc. (NYSE:BKKT ) Q3 2024 Earnings Conference Call November 14, 2024 5:00 AM ET Company Participants Andy Main - Chief Executive Officer, President Karen Alexander - Chief Financial Officer Conference Call Participants Operator Greetings, and welcome to the Bakkt Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. seekingalpha.com - 2 days ago
Bakkt Reports Third Quarter 2024 Results ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) announced its financial and operational results for the quarter ended September 30, 2024. CEO Comments: "Since the U.S. Presidential election, we've seen a dramatic increase in trading volumes driven by favorable macro sentiment and rising crypto prices,” said Andy Main, President and CEO of Bakkt. “As of November 12th, we had transacted $279 million in volume, already surpassing October's total of $1. businesswire.com - 2 days ago
Bakkt Reschedules Release of Third Quarter 2024 Earnings Results and Conference Call ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) announced today that it has changed the date for its previously announced earnings conference call. The Company will now host its earnings conference call at 5:00 p.m. ET on Thursday, November 14, 2024, to review the results for the quarter. Investors and analysts interested in participating in the earnings conference call are invited to join at https://events.q4inc.com/attendee/823369792 or dial in a. businesswire.com - 5 days ago
Bakkt (BKKT) Moves 13.8% Higher: Will This Strength Last? Bakkt (BKKT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. zacks.com - 1 week ago
Bakkt Schedules Conference Call to Discuss Third Quarter 2024 Results ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will release its third quarter 2024 earnings on Wednesday, November 13, 2024, before market open. Management will host a conference call at 9:00 a.m. ET on the same day to review the results and answer questions. Attendance information is provided below. Investors and analysts interested in participating in the earnings conference call are invited to join at https://events.q4inc.com/attendee/823369792 or. businesswire.com - 2 weeks ago
Bakkt Holdings, Inc. (BKKT) Q2 2024 Earnings Call Transcript Bakkt Holdings, Inc. (NYSE:BKKT ) Q2 2024 Earnings Conference Call August 14, 2024 8:00 AM ET Company Participants Andy Main - CEO Ray Kamrath - CCO, Crypto Business Karen Alexander - CFO Olivia Keavey - IR Conference Call Participants Spencer James - Jefferies Operator Greetings, and welcome to the Bakkt Second Quarter 2024 Earnings Conference Call. [Operator instructions] As a reminder, this conference call is being recorded. seekingalpha.com - 3 months ago
Bakkt Holdings, Inc. (BKKT) Reports Q2 Loss, Lags Revenue Estimates Bakkt Holdings, Inc. (BKKT) came out with a quarterly loss of $2.67 per share versus the Zacks Consensus Estimate of a loss of $1.77. This compares to loss of $4.75 per share a year ago. zacks.com - 3 months ago
Bakkt Reports Second Quarter 2024 Results ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) announced its financial and operational results for the quarter ended June 30, 2024. CEO Comments: “We continue to make solid progress against our three key strategic priorities,” commented Andy Main, President and CEO of Bakkt. “Since last quarter, we have made significant strides in partnerships across traditional and digital assets to enable Bakkt's solutions, which offer deep liquidity and strong. businesswire.com - 3 months ago
Bakkt Schedules Conference Call to Discuss Second Quarter 2024 Results ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will release its second quarter 2024 earnings on Wednesday, August 14, 2024, before market open. Management will host a conference call at 8:30 a.m. ET on the same day to review the results and answer questions. Attendance information is provided below. Investors and analysts interested in participating in the earnings conference call are invited to dial (833) 470-1428 or (404) 975-4839, and reference pa. businesswire.com - 3 months ago
Why Fast-paced Mover Bakkt (BKKT) Is a Great Choice for Value Investors If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Bakkt (BKKT) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen. zacks.com - 5 months ago
Bakkt Reportedly Considering Sale of Crypto Platform Digital asset marketplace Bakkt is reportedly considering putting itself up for sale. That's according to a Friday (June 7) report from Bloomberg News, citing sources familiar with the matter. pymnts.com - 5 months ago
Bakkt Teams with Crossover Markets to Power “BakktX” ECN with High-Performance Technology ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that the company has tapped Crossover Markets to provide technology to help power “BakktX,” its forthcoming crypto Electronic Communication Network (ECN). “As institutional interest in crypto grows, further expanding Bakkt's capabilities is a key priority,” said Ray Kamrath, Chief Commercial Officer at Bakkt. “With the development of BakktX, we are positioning ourselves as an ideal partner for institutions seeki. businesswire.com - 5 months ago
8. Profile Summary

Bakkt Holdings, Inc. BKKT

image
COUNTRY US
INDUSTRY Software - Infrastructure
MARKET CAP $ 71.6 M
Dividend Yield 0.00%
Description Bakkt Holdings, Inc. operates a digital asset platform. The company's platform enables consumers to buy, sell, convert, and spend digital assets. Its customers include merchants, retailers, and financial institutions. Bakkt Holdings, Inc. has a strategic alliance with the Global Payments to collaborate on use cases starting with enabling cryptocurrency redemption in customer loyalty programs offered by bankcard clients, as well as expanding its banking-as-a-service offerings to include consumer access to cryptocurrency. The company was formerly known as VPC Impact Acquisition Holdings and changed its name to Bakkt Holdings, Inc. The company was founded in 2018 and is headquartered in Alpharetta, Georgia. Bakkt Holdings, Inc. is a subsidiary of Intercontinental Exchange Holdings, Inc.
Contact 10000 Avalon Boulevard, Alpharetta, GA, 30009 https://www.bakkt.com
IPO Date Nov. 19, 2020
Employees 747
Officers Ms. Sheela Zemlin Executive Vice President & Chief Revenue Officer Mr. David C. Clifton Executive Director Ms. Liz Gordon Chief Client Officer Mr. Andrew A. Main President, Chief Executive Officer & Director Ms. Karen J. Alexander CFA Chief Financial Officer & Principal Financial Officer Mr. Nicholas Baes Chief Technology Officer Ms. Ann Park DeVries Head of Investor Relations Ms. Lauren Post Head of Communications Mr. Gordon Watson Executive Director Mr. Joe Henderson Vice President, Chief Accounting Officer & Principal Accounting Officer