Bakkt chief accounting officer sells $2,428 of BKKT stock

Chief Accounting Officer at Bakkt, Joseph Sean-Walsh Henderson, sold 282 shares of the company's Class A Common Stock on September 23, 2026. The transaction valued at $2,428 was made to meet tax obligations related to the vesting of restricted stock units. This move comes as Bakkt shares are trading near $8.50, down 54% over the past year.

According to InvestingPro, the stock seems undervalued at current levels with a potential upside. Henderson now owns a total of 12,672 shares of Bakkt Class A Common Stock, including 1,851 shares subject to restricted stock units that remain unvested. Meanwhile, Bakkt Holdings reported its Q2 2026 financial results, showing strong earnings with EPS of $1.94 but lower revenue of $170.14 million compared to the expected $314.77 million.

This revenue shortfall led to a 70% year-over-year decline. Benchmark adjusted its price target for Bakkt Holdings from $19.00 to $12.00, maintaining a Buy rating, citing the revenue drop as the main reason for the lowered target.