Bakkt (BKKT) Expected to Announce Earnings on Monday

Bakkt (NYSE:BKKT) is anticipated to issue its Q1 2026 results before the market opens on Monday, May 11th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $297.9440 million for the quarter. Interested persons can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Tuesday, May 12, 2026 at 12:30 PM ET.

Bakkt Trading Up 4.2%

BKKT stock traded up $0.36 on Monday, hitting $8.93. 255,631 shares of the company’s stock traded hands, compared to its average volume of 1,390,903. Bakkt has a 1-year low of $6.87 and a 1-year high of $49.79. The stock has a market cap of $272.78 million, a price-to-earnings ratio of -1.74 and a beta of 5.85. The stock has a fifty day moving average of $8.88 and a 200-day moving average of $14.07.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BKKT. Weiss Ratings lowered Bakkt from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday. Benchmark cut their price target on Bakkt from $40.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Finally, Wall Street Zen downgraded Bakkt from a “sell” rating to a “strong sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Bakkt currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Insiders Place Their Bets

In other Bakkt news, General Counsel Marc D’annunzio sold 7,780 shares of Bakkt stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $8.86, for a total value of $68,930.80. Following the transaction, the general counsel directly owned 110,059 shares of the company’s stock, valued at $975,122.74. The trade was a 6.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Karen Alexander sold 4,684 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $9.13, for a total value of $42,764.92. Following the completion of the sale, the chief financial officer directly owned 55,771 shares in the company, valued at approximately $509,189.23. This represents a 7.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 13,249 shares of company stock valued at $119,616 in the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bakkt

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Bakkt by 131.2% in the third quarter. Vanguard Group Inc. now owns 664,561 shares of the company’s stock valued at $22,362,000 after purchasing an additional 377,101 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Bakkt in the fourth quarter worth about $5,643,000. Geode Capital Management LLC increased its holdings in shares of Bakkt by 13.2% in the fourth quarter. Geode Capital Management LLC now owns 489,428 shares of the company’s stock worth $4,914,000 after acquiring an additional 56,910 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Bakkt in the third quarter worth about $11,775,000. Finally, State Street Corp increased its holdings in shares of Bakkt by 23.1% in the fourth quarter. State Street Corp now owns 258,384 shares of the company’s stock worth $2,594,000 after acquiring an additional 48,509 shares in the last quarter. Institutional investors own 11.11% of the company’s stock.

Bakkt Company Profile

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.