Have Bakkt Holdings Insiders Been Selling Stock?

We'd be surprised if Bakkt Holdings, Inc. (NYSE:BKKT) shareholders haven't noticed that the President, Andrew Main, recently sold US$263k worth of stock at US$18.21 per share. That sale was 10% of their holding, so it does make us raise an eyebrow.

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The Last 12 Months Of Insider Transactions At Bakkt Holdings

In fact, the recent sale by Andrew Main was the biggest sale of Bakkt Holdings shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was below the current price of US$24.11, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 10% of Andrew Main's holding.

In the last year Bakkt Holdings insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Bakkt Holdings

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Does Bakkt Holdings Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Bakkt Holdings insiders own about US$7.4m worth of shares (which is 2.5% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Bakkt Holdings Tell Us?

Insiders haven't bought Bakkt Holdings stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. When you consider that most companies have higher levels of insider ownership, we're a little wary. We'd certainly practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Bakkt Holdings. To that end, you should learn about the 2 warning signs we've spotted with Bakkt Holdings (including 1 which is potentially serious).

Of course Bakkt Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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.