Bakkt Holdings, LLC, through its subsidiary, operates as a crypto derivatives provider. It offers custody of bitcoins. The company was founded in 2018 and is headquartered in Atlanta, Georgia. Bakkt Holdings, LLC operates as a subsidiary of Intercontinental Exchange Holdings, Inc.
IPO Year:
Exchange: NYSE
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/29/2022 | $2.50 | Equal Weight | Wells Fargo |
| 7/19/2022 | $3.00 | Neutral | Citigroup |
| 1/12/2022 | $13.50 → $7.00 | Hold | Jefferies |
| 11/11/2021 | $28.00 | Hold | Jefferies |
10-Q - Bakkt Holdings, Inc. (0001820302) (Filer)
8-K - Bakkt Holdings, Inc. (0001820302) (Filer)
10-Q - Bakkt Holdings, Inc. (0001820302) (Filer)
8-K - Bakkt Holdings, Inc. (0001820302) (Filer)
8-K - Bakkt Holdings, Inc. (0001820302) (Filer)
8-K - Bakkt Holdings, Inc. (0001820302) (Filer)
S-8 - Bakkt Holdings, Inc. (0001820302) (Filer)
8-K - Bakkt Holdings, Inc. (0001820302) (Filer)
8-K - Bakkt Holdings, Inc. (0001820302) (Filer)
10-Q - Bakkt Holdings, Inc. (0001820302) (Filer)
Bakkt Holdings, Inc. (NYSE:BKKT) announced today that Ray Kamrath was appointed as the Chief Commercial Officer of Bakkt's crypto business. In this newly created position, Kamrath will report to Andy Main, Bakkt's Chief Executive Officer. "By appointing Ray Kamrath to lead our commercial efforts, Bakkt is doubling down on our commitment to strategic expansion and growth. Ray brings a depth of experience and a proven track record of delivering business results, with deep client and marketplace relationships. All of this will be instrumental in bringing our strong, secure and scaled crypto platform to a growing market," said Main. Kamrath will lead the company's sales across Bakkt's crypt
The relaunched platform, built for flexibility and secure innovation, will also offer expanded coin custody capabilities with six additional coins to go live in December Bakkt Holdings, Inc. (NYSE:BKKT) announced today that it has relaunched its Bakkt® Custody platform with enhanced capabilities, a revitalized interface, and a foundation built to enable the rapid addition of future functionality. The redesigned Bakkt® Custody offers segregated on-chain wallet addresses, gives clients the ability to configure security processes in the application and provides access to more advanced reporting features. Operated under Bakkt Trust Company LLC, an NYDFS Qualified Custodian, Bakkt's institut
Bakkt Holdings, Inc. (NYSE:BKKT) a digital asset platform that unlocks crypto and drives loyalty to create delightful, connected experiences for a broad range of clients, announced today that Chip Goodroe was appointed as its Chief Accounting Officer. In this role, Mr. Goodroe will report to Karen Alexander, Bakkt's Chief Financial Officer, and will lead the Accounting function, including SEC and regulatory reporting. "I'm pleased to welcome Chip to the team and into the role of Chief Accounting Officer," said Ms. Alexander. "He is a great fit for Bakkt given his deep accounting expertise across technology and cryptocurrency." Mr. Goodroe is a seasoned accounting professional with more th
Interim Chief Financial Officer Assumes Chief Financial Officer Role Bakkt Holdings, Inc. (NYSE:BKKT) a digital asset platform that unlocks crypto and drives loyalty to create delightful, connected experiences for a broad range of clients, announced that Karen Alexander, Interim Chief Financial Officer, is appointed Chief Financial Officer of Bakkt. Ms. Alexander assumed the role of Interim Chief Financial Officer on May 23, 2022 and previously served as Chief Accounting Officer of Bakkt. "I'm pleased to welcome Karen into the role of Chief Financial Officer," said Gavin Michael, President & CEO of Bakkt. "With Karen's expansive industry experience and intimate knowledge of our company fi
De'Ana Dow and Jill Simeone bring experience and industry expertise to Bakkt's Board Bakkt Holdings, Inc. (NYSE:BKKT), a trusted digital asset platform that enables consumers to buy, sell, send and spend a range of digital assets, today announced the appointment of two new members to its Board of Directors: De'Ana Dow, partner and general counsel at Capitol Counsel, LLC, and Jill Simeone, Chief Legal Officer and Corporate Secretary at Etsy (NASDAQ:ETSY). "I'm pleased to welcome De'Ana and Jill to the Bakkt board. They bring decades of experience in financial and retail sectors, adding to our board's depth and breadth of expertise. Their insight and contributions will be extremely valuable
Bakkt Holdings, Inc. (NYSE:BKKT) announced today that it is aware of the rumors that appeared in the financial press regarding a potential transaction involving the Company. It is the Company's policy not to comment on market rumors or speculation. About Bakkt Founded in 2018, Bakkt builds solutions that enable our clients to grow with the crypto economy. Through institutional-grade custody, trading, and onramp capabilities, our clients leverage technology that's built for sustainable, long-term involvement in crypto. Bakkt is headquartered in Alpharetta, GA. For more information, visit: https://www.bakkt.com/ | X (Formerly Twitter) @Bakkt | LinkedIn https://www.linkedin.com/company
BakktX successfully tested, institutional client rollout to begin Q4'24 Net loss improved 87.8% year-over-year 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 $165 million in just 12 days. These tailwinds align with the upcoming rollout of our institutional trading platform, B
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 at (833) 470-1428 or (404) 975-4839, and reference participant access code 597174 approximately ten minutes prior to the start of the call. The conference call will be webcast live and archived on the investor relations section of B
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 dial in at (833) 470-1428 or (404) 975-4839, and reference participant access code 597174 approximately ten minutes prior to the start of the call. In addition to the dial-in options, Bakkt stockholders can participate by going to h
$509.9 million total revenues including gross crypto revenues and net loyalty revenues $36.8 million operating expenses excluding crypto costs, execution, clearing and brokerage fees, down 43.1% year-over-year, 24.6% sequentially 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 stro
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 participant access code 865830 approximately ten minutes prior to the start of the call. In addition to the dial-in options, Bakkt stockholders can participate by going to https://app.saytechnologies.com/bakkt-2024-q2 to submit quest
Bakkt to further its U.S. institutional capabilities with its own high-performance trading venue Crossover Markets to provide cutting-edge technology, including customized liquidity solutions combined with ultra-low-latency trade execution 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 institu
Bakkt Holdings, Inc. (NYSE:BKKT) announced today that Ray Kamrath was appointed as the Chief Commercial Officer of Bakkt's crypto business. In this newly created position, Kamrath will report to Andy Main, Bakkt's Chief Executive Officer. "By appointing Ray Kamrath to lead our commercial efforts, Bakkt is doubling down on our commitment to strategic expansion and growth. Ray brings a depth of experience and a proven track record of delivering business results, with deep client and marketplace relationships. All of this will be instrumental in bringing our strong, secure and scaled crypto platform to a growing market," said Main. Kamrath will lead the company's sales across Bakkt's crypt
$854.6 million total revenues including gross crypto revenues and net loyalty revenues Strong client crypto trading activity with notional traded volume up 324% quarter-over-quarter $48.8 million operating expenses excluding crypto costs, execution, clearing and brokerage fees, down 16% year-over-year Updated full year 2024 outlook to reflect recently implemented strategic reduction in force and restructuring which is expected to reduce operating expenses by $13 million1 on an annual basis Bakkt Holdings, Inc. ("Bakkt" or the "Company") (NYSE:BKKT) announced its financial and operational results for the quarter ended March 31, 2024. CEO Comments: "We made solid progress on our k
Bakkt Holdings, Inc. (NYSE:BKKT) announced today that it has changed the date for its previously announced earnings conference call. The company will now host a conference call at 5:00 p.m. ET on Wednesday, May 15, 2024, to review the results for the quarter. Investors and analysts interested in participating in the earnings conference call are invited to dial (833) 470-1428 or (404) 975-4839, and reference participant access code 239896 approximately ten minutes prior to the start of the call. Management will address a selection of the questions relating to Bakkt's business and financial results on the earnings call. The conference call will be webcast live and archived on the investor
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Wells Fargo initiated coverage of Bakkt with a rating of Equal Weight and set a new price target of $2.50
Citigroup initiated coverage of Bakkt with a rating of Neutral and set a new price target of $3.00
Jefferies reiterated coverage of Bakkt Hldgs with a rating of Hold and set a new price target of $7.00 from $13.50 previously
Jefferies initiated coverage of Bakkt Hldgs with a rating of Hold and set a new price target of $28.00
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BakktX successfully tested, institutional client rollout to begin Q4'24 Net loss improved 87.8% year-over-year 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 $165 million in just 12 days. These tailwinds align with the upcoming rollout of our institutional trading platform, B
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 at (833) 470-1428 or (404) 975-4839, and reference participant access code 597174 approximately ten minutes prior to the start of the call. The conference call will be webcast live and archived on the investor relations section of B
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 dial in at (833) 470-1428 or (404) 975-4839, and reference participant access code 597174 approximately ten minutes prior to the start of the call. In addition to the dial-in options, Bakkt stockholders can participate by going to h
$509.9 million total revenues including gross crypto revenues and net loyalty revenues $36.8 million operating expenses excluding crypto costs, execution, clearing and brokerage fees, down 43.1% year-over-year, 24.6% sequentially 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 stro
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 participant access code 865830 approximately ten minutes prior to the start of the call. In addition to the dial-in options, Bakkt stockholders can participate by going to https://app.saytechnologies.com/bakkt-2024-q2 to submit quest
$854.6 million total revenues including gross crypto revenues and net loyalty revenues Strong client crypto trading activity with notional traded volume up 324% quarter-over-quarter $48.8 million operating expenses excluding crypto costs, execution, clearing and brokerage fees, down 16% year-over-year Updated full year 2024 outlook to reflect recently implemented strategic reduction in force and restructuring which is expected to reduce operating expenses by $13 million1 on an annual basis Bakkt Holdings, Inc. ("Bakkt" or the "Company") (NYSE:BKKT) announced its financial and operational results for the quarter ended March 31, 2024. CEO Comments: "We made solid progress on our k
Bakkt Holdings, Inc. (NYSE:BKKT) announced today that it has changed the date for its previously announced earnings conference call. The company will now host a conference call at 5:00 p.m. ET on Wednesday, May 15, 2024, to review the results for the quarter. Investors and analysts interested in participating in the earnings conference call are invited to dial (833) 470-1428 or (404) 975-4839, and reference participant access code 239896 approximately ten minutes prior to the start of the call. Management will address a selection of the questions relating to Bakkt's business and financial results on the earnings call. The conference call will be webcast live and archived on the investor
Bakkt Holdings, Inc. (NYSE:BKKT) announced today that it will release its first quarter 2024 earnings on Tuesday, May 14, 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 dial (833) 470-1428 or (404) 975-4839, and reference participant access code 239896 approximately ten minutes prior to the start of the call. In addition to the dial-in options, Bakkt stockholders can participate by going to https://app.saytechnologies.com/bakkt-2024-q1 to submit questions p
Quarterly gross crypto services revenues of $199.4 million and associated crypto costs and execution, clearing and brokerage fees of $197.8 million Quarterly total revenues of $214.5 million include gross crypto revenues and net loyalty revenues; full year total revenues of $780.1 million Quarterly total operating expenses of $293.0 million. Quarterly operating expenses excluding crypto costs, execution, clearing and brokerage fees and goodwill, intangible and long-lived assets impairments were $27.8 million, down 55% year-over-year Recently completed initial closing of $42.4 million of gross proceeds from concurrent registered direct offerings with third-party investors and Intercont
Current board member Andy Main to become CEO; Gavin Michael stepping down Gavin Michael to serve in an advisory role through March 2025 Company reschedules fourth quarter and full year 2023 financial results conference call to Monday, March 25, 2024. Bakkt Holdings, Inc. (NYSE:BKKT) today announced that Andy Main has been appointed President and Chief Executive Officer, effective March 26, 2024. He will succeed Gavin Michael, who is stepping down to pursue other opportunities. Michael will serve in an advisory role through March 2025 to assist in the leadership transition and advise the Board and executive team on strategic matters. Andy Main has served on Bakkt's Board of Directors
Bakkt Holdings Inc. (NYSE:BKKT) shares are trading lower Friday afternoon after reports emerged that the company is exploring a potential sale or breakup. This move comes amid increased consolidation activity in the digital-asset sector and near-record high crypto prices. What’s Going On: According to a Bloomberg report, Bakkt Holdings Inc., the digital-asset marketplace established by the parent company of the New York Stock Exchange, is contemplating a range of strategic options, including a potential sale or breakup. The company has been working with a financial advisor to evaluate these options, though no final decision has been made and Bakkt may decide to remain independent. The
- Bloomberg
The guidance includes gross crypto revenues of $2,949 million - $4,390 million and net loyalty revenues of $53 million - $57 million.
Bakkt Hldgs (NYSE:BKKT) reported quarterly losses of $(1.86) per share which beat the analyst consensus estimate of $(2.08) by 10.58 percent. This is a 56.44 percent increase over losses of $(4.27) per share from the same period last year. The company reported quarterly sales of $854.600 million which beat the analyst consensus estimate of $17.900 million by 4.67K percent. This is a 6.47K percent increase over sales of $13.000 million the same period last year.