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Bakkt Holdings Inc
NYSE:BKKT

Watchlist Manager
Bakkt Holdings Inc
NYSE:BKKT
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Price: 1.63 USD -4.68% Market Closed
Updated: Nov 30, 2022

Intrinsic Value

The intrinsic value of one BKKT stock under the Base Case scenario is 2.5 USD. Compared to the current market price of 1.63 USD, Bakkt Holdings Inc is Undervalued by 35%.

The Intrinsic Value is calculated as the average of the two valuation methods:

BKKT Intrinsic Value
Base Case
2.5 USD
Undervaluation 35%
Intrinsic Value
Price
B
Worst Case
Base Case
Best Case

Fundamental Analysis

BKKT Profitability Score
Profitability Due Diligence

Bakkt Holdings Inc's profitability score is 24/100. The higher the profitability score, the more profitable the company is.

Negative 3-Year Average ROE
Negative 3-Year Average ROIC
Negative Free Cash Flow
Negative Operating Income
24/100
Profitability
Score

Bakkt Holdings Inc's profitability score is 24/100. The higher the profitability score, the more profitable the company is.

BKKT Solvency Score
Solvency Due Diligence

Bakkt Holdings Inc's solvency score is 51/100. The higher the solvency score, the more solvent the company is.

Low Altman Z-Score
Long-Term Liabilities
Short-Term Liabilities
Low D/E
51/100
Solvency
Score

Bakkt Holdings Inc's solvency score is 51/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
0%
Gross Margin
-403%
Operating Margin
-828%
Net Margin
-339%
FCF Margin
-371%
ROE
-79%
ROIC
Other

BKKT Capital Structure
Bakkt Holdings Inc

Market Capitalization 125M USD
Total Debt 0 USD
Minority Interest 474M USD
Preferred Equity 0 USD
Cash and Equivalents 160M USD
Short-Term Investments 114M USD
Enterprise Value 324M USD

Wall St
Price Targets

BKKT Price Targets Summary
Bakkt Holdings Inc

Wall Street analysts forecast BKKT stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for BKKT is 2.98 USD with a low forecast of 2.53 USD and a high forecast of 3.41 USD.

Lowest
Price Target
2.53 USD
55% Upside
Average
Price Target
2.98 USD
83% Upside
Highest
Price Target
3.41 USD
109% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

BKKT Competitors
Bakkt Holdings Inc

BKKT Suppliers & Customers
Bakkt Holdings Inc

Bakkt Holdings Inc has 14 key suppliers from 1 countries and 6 industries. The majority of these suppliers are located in the United States of America, with the largest number of suppliers in the Technology industry.

Bakkt Holdings Inc has 5 key customers from 2 countries and 3 industries. The majority of these customers are located in the United States of America, with the largest number of customers in the Technology industry.

Ownership

BKKT Shareholders
Major Shareholders

Insiders own a significant part of the company.

Top 25 shareholders own 60.61% of the company. Insiders own 45.01%. The biggest insider is Vpc Impact Acquisition Holdings Sponsor, Llc (Director, 10 percent owner), who owns 17.36% of Bakkt Holdings Inc.

Insiders
45.01%
Institutions
22.62%
Other
32.37%
Insiders
45.01%
Vpc Impact Acquisition Holdings Sponsor, Llc
Director, 10 percent owner
Ownership
17.3551%
Market Value
21.6M USD
Shares
13 266 990
Alpine Global Management, Llc
10 percent owner
Ownership
8.0547%
Market Value
10M USD
Shares
6 157 407
White Adam Lee
President
Ownership
4.7867%
Market Value
6M USD
Shares
3 659 164
Collins Sean Roberts
Director
Ownership
3.8388%
Market Value
4.8M USD
Shares
2 934 589
Michael Gavin Constantine
CEO and President
Ownership
3.6452%
Market Value
4.5M USD
Shares
2 786 549
D'annunzio Marc
General Counsel & Secretary
Ownership
2.4099%
Market Value
3M USD
Shares
1 842 203
Cabrera Nicolas
Chief Product Officer
Ownership
0.6688%
Market Value
833k USD
Shares
511 224
Zemlin Sheela
EVP, Chief Revenue Officer
Ownership
0.4201%
Market Value
523k USD
Shares
321 147
Gordon Nancy
EVP Loyalty Rewards & Payments
Ownership
0.4191%
Market Value
522k USD
Shares
320 414
Lewis Michael Leroy
EVP Engineering & Operations
Ownership
0.4191%
Market Value
522k USD
Shares
320 414
Labenne Andrew
Chief Financial Officer
Ownership
0.4191%
Market Value
522k USD
Shares
320 414
O'prey Daniel
EVP, Digital Assets
Ownership
0.3761%
Market Value
469k USD
Shares
287 491
Johnson Matthew Alan
Chief Technology Officer
Ownership
0.3537%
Market Value
441k USD
Shares
270 422
Alexander Karen
Chief Financial Officer
Ownership
0.2766%
Market Value
345k USD
Shares
211 455
Dow De'ana
Director
Ownership
0.2542%
Market Value
317k USD
Shares
194 320
Clifton David C
Director
Ownership
0.2127%
Market Value
265k USD
Shares
162 608
Main Andrew A
Director
Ownership
0.1671%
Market Value
208k USD
Shares
127 713
Cook Kristyn
Director
Ownership
0.1627%
Market Value
203k USD
Shares
124 350
Watson Gordon
Director
Ownership
0.1597%
Market Value
199k USD
Shares
122 108
Simeone Jill
Director
Ownership
0.1369%
Market Value
171k USD
Shares
104 634
Spatz Meredith
Chief Customer Officer
Ownership
0.1308%
Market Value
163k USD
Shares
100 000
Lumb Richard
Director
Ownership
0.1304%
Market Value
162k USD
Shares
99 686
Goldberg Michelle J
Director
Ownership
0.1304%
Market Value
162k USD
Shares
99 686
Goodroe Charles
Chief Accounting Officer
Ownership
0.0329%
Market Value
41k USD
Shares
25 160
Schmitz Kai
Director
Ownership
0.0262%
Market Value
32.6k USD
Shares
20 000
Summers Kurt
Director
Ownership
0.0262%
Market Value
32.6k USD
Shares
20 000
Institutions
22.62%
Back

BKKT Insider Trading
Buy and sell transactions by insiders

Bakkt Holdings Inc insiders have only sold shares in the past 12 months.

During the last 12 months Bakkt Holdings Inc insiders have not bought any shares, and sold 7.1M USD worth of shares. The last transaction was made on Nov 30, 2022 by Vpc Impact Acquisition Holdings Sponsor, Llc (Director, 10 percent owner), who sold 660k USD worth of BKKT shares.

Sold
0-3
months
695k USD
1
3-6
months
0 USD
0
6-9
months
87.4k USD
1
9-12
months
6.3M USD
1
Bought
0-3
months
0
0 USD
3-6
months
No Insider Transactions
0
0 USD
6-9
months
0
0 USD
9-12
months
0
0 USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
695k USD
N/A
-694.9k
6 Months
695k USD
N/A
-694.9k
9 Months
782k USD
N/A
-782.3k
12 Months
7.1M USD
N/A
-7.1M
Purchases
4
Sales
8
Why is insider trading important?

Shareholder Return

BKKT Price
Bakkt Holdings Inc

1M 1M
-23%
6M 6M
-43%
1Y 1Y
-90%
3Y 3Y
-85%
5Y 5Y
-85%
Annual Price Range
1.63
52w Low
1.63
52w High
17.14
Price Metrics
Average Annual Return -6.82%
Standard Deviation of Annual Returns
N/A
Max Drawdown -96%

Company Profile

Bakkt Holdings Inc

Country

United States of America

Industry

Financial Services

Market Cap

125M USD

Dividend Yield

0%

Description

Bakkt Holdings, Inc. operates as an investment holding company. The company is headquartered in Alpharetta, Georgia and currently employs 579 full-time employees. The company went IPO on 2020-09-23. The digital asset market includes cryptocurrencies, gift cards, loyalty points and miles. Its consumer offerings include cryptocurrency trading platform, track and convert rewards, spend payments, manage and buy gift cards and Bakkt application. Its businesses offerings include crypto services, crypto rewards, powering loyalty programs and digital assets payments. Its institutions offerings include crypto custody and crypto derivatives. The Company’s platform enables merchants and brands to create compelling experiences to attract new customers and engage existing customers.

Contact

GEORGIA
Alpharetta
10000 Avalon Boulevard, Suite 1000
+16785345849.0
https://www.bakkt.com/

IPO

2020-09-23

Employees

579

Officers

Pres, CEO & Director
Dr. Gavin Constantine Michael
Gen. Counsel & Sec.
Mr. Marc D'Annunzio
Exec. Director
Mr. Gordon Watson
CFO & Principal Financial Officer
Ms. Karen J. Alexander CFA
Chief Engineering & Operations Officer
Mr. Michael Leroy Lewis
VP, Chief Accounting Officer & Principal Accounting Officer
Mr. Charles Goodroe
Show More
Chief Technology Officer
Mr. Matthew Alan Johnson
Chief Admin. Officer
Mr. Alex Jacobs
Head of Investor Relations
Ms. Ann Park DeVries
Show Less

See Also

Similar Stocks
What is the Intrinsic Value of one BKKT stock?

The intrinsic value of one BKKT stock under the Base Case scenario is 2.5 USD.

Is BKKT stock undervalued or overvalued?

Compared to the current market price of 1.63 USD, Bakkt Holdings Inc is Undervalued by 35%.