CEO & Director of Bakkt Holdings Picks Up 1,575% More Stock

Bakkt Holdings, Inc. (NYSE:BKKT) shareholders (or potential shareholders) will be happy to see that the CEO & Director, Akshay Naheta, recently bought a whopping US$1.5m worth of stock, at a price of US$8.19. That purchase boosted their holding by 1,575%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

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Bakkt Holdings Insider Transactions Over The Last Year

Notably, that recent purchase by Akshay Naheta is the biggest insider purchase of Bakkt Holdings shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$8.89. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Bakkt Holdings share holders is that an insider was buying at near the current price. Akshay Naheta was the only individual insider to buy shares in the last twelve months.

The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Bakkt Holdings

Bakkt Holdings is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Bakkt Holdings insiders have about 1.7% of the stock, worth approximately US$3.0m. We prefer to see high levels of insider ownership.

So What Does This Data Suggest About Bakkt Holdings Insiders?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Bakkt Holdings insiders are reasonably well aligned, and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 2 warning signs for Bakkt Holdings that deserve your attention before buying any shares.

But note: Bakkt Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.