Alkami Technology, Inc. (NASDAQ:ALKT) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 253.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,597 shares of the company’s stock after buying an additional 5,445 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Alkami Technology were worth $182,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. PEAK6 Investments LLC grew its position in shares of Alkami Technology by 217.3% during the third quarter. PEAK6 Investments LLC now owns 113,538 shares of the company’s stock worth $2,069,000 after acquiring an additional 77,750 shares during the last quarter. SG Americas Securities LLC grew its position in Alkami Technology by 1,283.9% in the 4th quarter. SG Americas Securities LLC now owns 83,727 shares of the company’s stock worth $2,030,000 after purchasing an additional 77,677 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Alkami Technology in the third quarter valued at approximately $214,000. Vanguard Group Inc. raised its holdings in shares of Alkami Technology by 0.7% during the third quarter. Vanguard Group Inc. now owns 4,294,834 shares of the company’s stock valued at $78,252,000 after buying an additional 31,069 shares during the last quarter. Finally, Bamco Inc. NY boosted its position in shares of Alkami Technology by 0.8% during the third quarter. Bamco Inc. NY now owns 780,130 shares of the company’s stock worth $14,214,000 after buying an additional 6,064 shares during the period. 54.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alkami Technology news, CFO W Bryan Hill sold 50,089 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $23.91, for a total transaction of $1,197,627.99. Following the completion of the sale, the chief financial officer now directly owns 508,501 shares of the company’s stock, valued at $12,158,258.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Alkami Technology news, insider Stephen Bohanon sold 29,052 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $23.02, for a total value of $668,777.04. Following the completion of the sale, the insider now owns 434,823 shares in the company, valued at approximately $10,009,625.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO W Bryan Hill sold 50,089 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $23.91, for a total value of $1,197,627.99. Following the sale, the chief financial officer now owns 508,501 shares of the company’s stock, valued at $12,158,258.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,734 shares of company stock valued at $2,658,864. 38.00% of the stock is owned by corporate insiders.

Alkami Technology Stock Performance

Alkami Technology stock opened at $24.30 on Thursday. Alkami Technology, Inc. has a 1 year low of $10.93 and a 1 year high of $26.75. The firm’s 50 day moving average price is $24.25 and its two-hundred day moving average price is $23.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.77 and a current ratio of 3.77.

Alkami Technology (NASDAQ:ALKT) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $71.37 million during the quarter, compared to analyst estimates of $71.12 million. Alkami Technology had a negative return on equity of 17.00% and a negative net margin of 23.76%. Sell-side analysts forecast that Alkami Technology, Inc. will post -0.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on ALKT. KeyCorp lifted their target price on Alkami Technology from $21.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 price objective on shares of Alkami Technology in a report on Monday, April 15th. William Blair reissued an “outperform” rating on shares of Alkami Technology in a research note on Thursday, February 29th. Needham & Company LLC restated a “buy” rating and set a $30.00 price target on shares of Alkami Technology in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Alkami Technology from $27.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.10.

About Alkami Technology

Alkami Technology, Inc offers cloud-based digital banking solutions in the United States. The company's Alkami Platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietary, cloud-based, and multi-tenant architecture.