Alkami Technology (NASDAQ:ALKT) CAO Prerna Sachdeva Sells 1,352 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) CAO Prerna Sachdeva sold 1,352 shares of Alkami Technology stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $16.90, for a total value of $22,848.80. Following the sale, the chief accounting officer directly owned 63,608 shares in the company, valued at approximately $1,074,975.20. This trade represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alkami Technology Stock Performance

Shares of ALKT stock traded up $0.10 during mid-day trading on Thursday, reaching $16.59. The stock had a trading volume of 928,958 shares, compared to its average volume of 2,088,442. Alkami Technology, Inc. has a one year low of $14.11 and a one year high of $31.66. The firm has a market cap of $1.76 billion, a PE ratio of -36.07 and a beta of 0.57. The firm’s 50 day simple moving average is $19.54 and its 200 day simple moving average is $21.80. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.01.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Needham & Company LLC decreased their target price on shares of Alkami Technology from $32.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. JPMorgan Chase & Co. decreased their price objective on Alkami Technology from $38.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Citizens Jmp dropped their target price on Alkami Technology from $40.00 to $28.00 and set a “market outperform” rating for the company in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alkami Technology in a research note on Wednesday, January 21st. Finally, Barclays lowered their price target on Alkami Technology from $25.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Alkami Technology presently has a consensus rating of “Hold” and an average price target of $28.57.

Institutional Trading of Alkami Technology

Several large investors have recently made changes to their positions in the business. General Atlantic L.P. raised its holdings in shares of Alkami Technology by 24.3% in the third quarter. General Atlantic L.P. now owns 11,991,480 shares of the company’s stock valued at $297,868,000 after buying an additional 2,346,162 shares during the last quarter. Vanguard Group Inc. grew its holdings in Alkami Technology by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 8,414,419 shares of the company’s stock worth $194,121,000 after acquiring an additional 456,275 shares during the period. Westfield Capital Management Co. LP increased its holdings in Alkami Technology by 33.1% in the fourth quarter. Westfield Capital Management Co. LP now owns 4,118,355 shares of the company’s stock valued at $95,010,000 after purchasing an additional 1,023,297 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its stake in shares of Alkami Technology by 56.3% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,872,873 shares of the company’s stock valued at $96,202,000 after acquiring an additional 1,394,617 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Alkami Technology by 13.3% in the third quarter. Alliancebernstein L.P. now owns 3,679,746 shares of the company’s stock valued at $91,405,000 after purchasing an additional 430,632 shares in the last quarter. Institutional investors own 54.97% of the company’s stock.

About Alkami Technology

Alkami Technology, Inc is a provider of cloud-based digital banking and engagement solutions tailored for banks and credit unions. The company’s platform offers a comprehensive suite of online and mobile banking features, including bill payment, peer-to-peer transfers, card management, streamlined account opening and real-time alerts, all designed to enhance the end-user experience and drive customer loyalty.

Built on a multi-tenant, software-as-a-service (SaaS) architecture hosted in the cloud, Alkami’s platform leverages modern APIs and a partner ecosystem to integrate third-party fintech applications and services.