W Bryan Hill Sells 17,409 Shares of Alkami Technology, Inc. (NASDAQ:ALKT) Stock

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 17,409 shares of Alkami Technology stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $30.41, for a total value of $529,407.69. Following the completion of the sale, the chief financial officer now directly owns 450,620 shares of the company’s stock, valued at $13,703,354.20. The trade was a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, January 13th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The stock was sold at an average price of $33.43, for a total value of $3,343,000.00.
• On Monday, December 16th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The stock was sold at an average price of $39.77, for a total transaction of $3,977,000.00.

Alkami Technology Stock Down 2.5 %

Shares of NASDAQ:ALKT traded down $0.73 during trading hours on Tuesday, reaching $28.84. The stock had a trading volume of 1,129,357 shares, compared to its average volume of 586,104. Alkami Technology, Inc. has a 1 year low of $22.65 and a 1 year high of $42.29. The firm’s 50 day moving average is $34.67 and its 200-day moving average is $35.04. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of -61.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52.

Alkami Technology (NASDAQ:ALKT) last issued its earnings results on Thursday, February 27th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). Alkami Technology had a negative return on equity of 11.31% and a negative net margin of 14.55%. The firm had revenue of $89.66 million for the quarter, compared to analyst estimates of $89.63 million. Research analysts predict that Alkami Technology, Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alkami Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bosun Asset Management LLC boosted its holdings in Alkami Technology by 1.4% in the fourth quarter. Bosun Asset Management LLC now owns 23,151 shares of the company’s stock valued at $849,000 after purchasing an additional 313 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Alkami Technology by 10.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 6,727 shares of the company’s stock worth $247,000 after buying an additional 615 shares during 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 valued at $37,000 after buying an additional 631 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Alkami Technology in the 4th quarter valued at $34,000. Finally, Summit Investment Advisors Inc. raised its stake in Alkami Technology by 28.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,553 shares of the company’s stock worth $204,000 after acquiring an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 54.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ALKT. JPMorgan Chase & Co. raised their price objective on shares of Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Barclays decreased their price target on shares of Alkami Technology from $41.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, The Goldman Sachs Group cut their price objective on Alkami Technology from $39.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.14.

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.