Bakkt Inc. (NYSE: BKKT ) shares jumped 16.17% to $10.13 after the bell on Monday, after Securities and Exchange Commission filings disclosed insider activity.
Insider Activity
Director Michael Alfred, through the Las Vegas-based hedge fund Alpine Fox LP, bought 365,000 shares on May 15 at a weighted average price of $8.34 per share. He then purchased another 220,000 shares on May 18 at $8.20 per share.
The two transactions totaled about 585,000 shares valued at approximately $4.85 million. Following the purchases, Alfred indirectly owns 625,000 shares.
According to a separate SEC filing, CEO Akshay Sudhir Naheta exercised 33,557 committed stock options on May 15 at $10 per share, for a total value of about $335,570. The transaction was carried out under a pre-established Rule 10b5-1 plan, an SEC-approved trading arrangement that allows corporate insiders to buy or sell shares on a fixed schedule while helping protect them from insider trading liability.
What You Should Know
On May 11, Bakkt reported first-quarter 2026 revenue of $243.59 million, down 77.1% from a year earlier and 21.65% below analysts' expectations of $310.89 million .
The company posted a loss of 41 cents per share, compared with the consensus estimate for a loss of 10 cents per share, missing expectations by 310% .
Trading Metrics, Technical Analysis
Bakkt has a market capitalization of $389.02 million, with a 52-week high of $49.79 and a 52-week low of $6.87.
The stock of the regulated financial technology company has a Relative Strength Index (RSI) of 49.38.
Over the past 12 months, BKKT has dropped 33.84%.
The small-cap stock is currently trading close to its annual low.
Price Action: According to Benzinga Pro data, the stock closed the regular session at $8.72, up 5.31%.
Benzinga's Edge Stock Rankings indicate that BKKT has a negative price trend across all time frames.
Photo Courtesy: Ascannio on Shutterstock.com
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here .
Posted In: Cryptocurrency Earnings Equities Fintech News Insider Trades After-Hours Center Markets Tech benznews citadel advisors Vanguard Group Why is it moving?