Quantinno Capital Management LP Boosts Holdings in Alkami Technology, Inc. $ALKT

Quantinno Capital Management LP raised its position in Alkami Technology, Inc. (NASDAQ:ALKT) by 2,514.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,519 shares of the company’s stock after purchasing an additional 248,630 shares during the period. Quantinno Capital Management LP owned 0.24% of Alkami Technology worth $4,051,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ALKT. Amundi grew its holdings in shares of Alkami Technology by 1.9% during the 1st quarter. Amundi now owns 29,040 shares of the company’s stock valued at $731,000 after purchasing an additional 548 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Alkami Technology by 32.4% during the first quarter. Advisors Asset Management Inc. now owns 2,425 shares of the company’s stock valued at $64,000 after buying an additional 594 shares during the period. Legal & General Group Plc grew its stake in shares of Alkami Technology by 0.8% during the third quarter. Legal & General Group Plc now owns 85,071 shares of the company’s stock valued at $2,113,000 after buying an additional 691 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Alkami Technology by 91.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,447 shares of the company’s stock worth $34,000 after buying an additional 692 shares during the period. Finally, Summit Securities Group LLC lifted its stake in shares of Alkami Technology by 84.2% in the 1st quarter. Summit Securities Group LLC now owns 1,842 shares of the company’s stock valued at $29,000 after acquiring an additional 842 shares during the last quarter. Institutional investors own 54.97% of the company’s stock.

Alkami Technology Trading Up 0.2%

Shares of ALKT opened at $19.73 on Friday. Alkami Technology, Inc. has a 1-year low of $13.98 and a 1-year high of $26.89. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.98. The firm’s 50-day moving average price is $17.13 and its 200-day moving average price is $17.21. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -46.98 and a beta of 0.58.

Analyst Ratings Changes

A number of research firms have recently weighed in on ALKT. JPMorgan Chase & Co. dropped their price objective on Alkami Technology from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, June 22nd. Citizens Jmp cut their price target on shares of Alkami Technology from $28.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday, April 30th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Alkami Technology in a research report on Friday, June 5th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.20.

Insider Buying and Selling at Alkami Technology

In other news, Director Atlantic Genpar (Bermu General bought 750,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $16.87 per share, with a total value of $12,652,500.00. Following the transaction, the director owned 18,195,994 shares of the company’s stock, valued at approximately $306,966,418.78. The trade was a 4.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders purchased 1,975,000 shares of company stock worth $32,929,750. 17.10% of the stock is currently owned by corporate insiders.

Alkami Technology Profile

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.