W Bryan Hill Sells 100,000 Shares of Alkami Technology, Inc. (NASDAQ:ALKT) Stock

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 100,000 shares of Alkami Technology stock in a transaction on Monday, December 16th. The shares were sold at an average price of $39.77, for a total value of $3,977,000.00. Following the sale, the chief financial officer now directly owns 353,841 shares of the company’s stock, valued at approximately $14,072,256.57. The trade was a 22.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

W Bryan Hill also recently made the following trade(s):

• On Tuesday, December 3rd, W Bryan Hill sold 17,807 shares of Alkami Technology stock. The shares were sold at an average price of $38.37, for a total value of $683,254.59.
• On Monday, November 25th, W Bryan Hill sold 99,755 shares of Alkami Technology stock. The stock was sold at an average price of $41.89, for a total transaction of $4,178,736.95.
• On Thursday, November 21st, W Bryan Hill sold 110,250 shares of Alkami Technology stock. The shares were sold at an average price of $38.62, for a total transaction of $4,257,855.00.
• On Monday, November 18th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The shares were sold at an average price of $36.31, for a total value of $3,631,000.00.
• On Monday, September 23rd, W Bryan Hill sold 55,046 shares of Alkami Technology stock. The shares were sold at an average price of $31.19, for a total value of $1,716,884.74.

Alkami Technology Stock Performance

ALKT stock traded down $1.16 during midday trading on Wednesday, hitting $37.94. The stock had a trading volume of 891,352 shares, compared to its average volume of 543,117. Alkami Technology, Inc. has a 52 week low of $22.62 and a 52 week high of $42.29. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05. The stock has a 50-day simple moving average of $37.80 and a 200 day simple moving average of $33.08. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of -80.72 and a beta of 0.46.

Institutional Investors Weigh In On Alkami Technology

Large investors have recently modified their holdings of the stock. nVerses Capital LLC boosted its position in Alkami Technology by 16.1% in the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $114,000 after buying an additional 500 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Alkami Technology by 117.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock worth $37,000 after acquiring an additional 631 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Alkami Technology by 12.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,112 shares of the company’s stock worth $193,000 after acquiring an additional 691 shares in the last quarter. Park Place Capital Corp acquired a new stake in Alkami Technology during the 3rd quarter valued at $28,000. Finally, Blue Trust Inc. increased its holdings in Alkami Technology by 507.0% during the 3rd quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock valued at $38,000 after purchasing an additional 1,014 shares in the last quarter. 54.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ALKT shares. JPMorgan Chase & Co. lifted their price target on shares of Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. The Goldman Sachs Group boosted their target price on shares of Alkami Technology from $34.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Craig Hallum raised their price target on Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their price objective on Alkami Technology from $43.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Barclays raised their target price on Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $40.88.

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.