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 the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $36.31, for a total value of $3,631,000.00. Following the completion of the sale, the chief financial officer now directly owns 471,403 shares in the company, valued at approximately $17,116,642.93. This represents a 17.50 % decrease in their position. 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, 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.
• On Thursday, September 5th, W Bryan Hill sold 17,937 shares of Alkami Technology stock. The shares were sold at an average price of $31.59, for a total value of $566,629.83.
• On Tuesday, August 27th, W Bryan Hill sold 69,511 shares of Alkami Technology stock. The shares were sold at an average price of $33.34, for a total value of $2,317,496.74.

Alkami Technology Stock Down 0.2 %

ALKT stock traded down $0.06 during mid-day trading on Wednesday, reaching $37.75. 800,206 shares of the company traded hands, compared to its average volume of 503,920. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of -80.45 and a beta of 0.43. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average price is $34.54 and its 200 day moving average price is $31.37. Alkami Technology, Inc. has a fifty-two week low of $21.19 and a fifty-two week high of $41.36.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ALKT. Craig Hallum raised their target price on Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Barclays raised their target price on Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Lake Street Capital raised their target price on Alkami Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JMP Securities lifted their price objective on Alkami Technology from $38.00 to $41.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. Finally, Needham & Company LLC lifted 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.44.

Institutional Investors Weigh In On Alkami Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Trust Point Inc. bought a new position in shares of Alkami Technology during the third quarter valued at about $1,029,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Alkami Technology during the third quarter valued at approximately $1,860,000. Fifth Third Wealth Advisors LLC bought a new position in shares of Alkami Technology in the third quarter worth approximately $1,115,000. Driehaus Capital Management LLC raised its position in Alkami Technology by 56.2% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,091,276 shares of the company’s stock worth $31,080,000 after buying an additional 392,483 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Alkami Technology by 124.1% in the 2nd quarter. Millennium Management LLC now owns 514,677 shares of the company’s stock worth $14,658,000 after purchasing an additional 284,977 shares in the last quarter. Hedge funds and other institutional investors own 54.97% of the company’s stock.

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.