Dynamic Technology Lab Private Ltd acquired a new position in Alkami Technology, Inc. (NASDAQ:ALKT – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,438 shares of the company’s stock, valued at approximately $447,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of ALKT. Vanguard Group Inc. boosted its position in shares of Alkami Technology by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,294,834 shares of the company’s stock worth $78,252,000 after purchasing an additional 31,069 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Alkami Technology by 10.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,244,783 shares of the company’s stock worth $40,900,000 after acquiring an additional 217,123 shares in the last quarter. FMR LLC grew its stake in shares of Alkami Technology by 1.8% in the third quarter. FMR LLC now owns 1,182,327 shares of the company’s stock worth $21,542,000 after acquiring an additional 21,086 shares during the last quarter. Bamco Inc. NY increased its holdings in shares of Alkami Technology by 0.8% during the third quarter. Bamco Inc. NY now owns 780,130 shares of the company’s stock valued at $14,214,000 after acquiring an additional 6,064 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Alkami Technology by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,781 shares of the company’s stock worth $7,512,000 after purchasing an additional 8,452 shares during the last quarter. Hedge funds and other institutional investors own 54.97% of the company’s stock.
Insider Buying and Selling at Alkami Technology
In other news, CFO W Bryan Hill sold 50,089 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $23.91, for a total value of $1,197,627.99. Following the transaction, the chief financial officer now owns 508,501 shares of the company’s stock, valued at $12,158,258.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Douglas A. Linebarger sold 33,593 shares of Alkami Technology stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $23.59, for a total transaction of $792,458.87. Following the transaction, the insider now owns 262,749 shares in the company, valued at approximately $6,198,248.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO W Bryan Hill sold 50,089 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $23.91, for a total transaction of $1,197,627.99. Following the completion of the transaction, the chief financial officer now directly owns 508,501 shares of the company’s stock, valued at approximately $12,158,258.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,839,035 shares of company stock valued at $48,732,457. Company insiders own 38.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Alkami Technology from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 price objective on shares of Alkami Technology in a research report on Monday, April 15th. TheStreet raised Alkami Technology from a “d” rating to a “c-” rating in a report on Thursday, February 29th. William Blair reaffirmed an “outperform” rating on shares of Alkami Technology in a report on Thursday, February 29th. Finally, Needham & Company LLC lifted their price objective on Alkami Technology from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.90.
View Our Latest Analysis on ALKT
Alkami Technology Trading Up 1.7 %
Alkami Technology stock opened at $27.40 on Friday. Alkami Technology, Inc. has a 52-week low of $13.97 and a 52-week high of $29.28. The company has a market cap of $2.67 billion, a P/E ratio of -45.67 and a beta of 0.40. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $24.98 and a two-hundred day simple moving average of $24.31.
Alkami Technology (NASDAQ:ALKT – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Alkami Technology had a negative net margin of 20.42% and a negative return on equity of 15.31%. The firm had revenue of $76.10 million during the quarter, compared to the consensus estimate of $75.57 million. During the same quarter in the previous year, the firm posted ($0.16) EPS. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. Analysts predict that Alkami Technology, Inc. will post -0.38 EPS for the current year.
Alkami Technology Company Profile
(Free Report)
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.
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