Alkami Technology, Inc. (NASDAQ:ALKT) CFO Sells $2,317,496.74 in Stock

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 69,511 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $33.34, for a total transaction of $2,317,496.74. Following the completion of the sale, the chief financial officer now owns 489,340 shares in the company, valued at $16,314,595.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, June 17th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The shares were sold at an average price of $25.72, for a total transaction of $2,572,000.00.

Alkami Technology Stock Down 0.5 %

Alkami Technology stock opened at $33.34 on Friday. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.06. Alkami Technology, Inc. has a 1-year low of $16.49 and a 1-year high of $36.00. The company has a fifty day simple moving average of $31.46 and a 200 day simple moving average of $27.44. The company has a market cap of $3.25 billion, a P/E ratio of -55.57 and a beta of 0.47.

Alkami Technology (NASDAQ:ALKT) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. Alkami Technology had a negative return on equity of 13.47% and a negative net margin of 17.47%. The company had revenue of $82.16 million during the quarter, compared to analysts’ expectations of $81.32 million. During the same quarter last year, the company earned ($0.17) EPS. Alkami Technology’s revenue for the quarter was up 24.9% compared to the same quarter last year. Research analysts anticipate that Alkami Technology, Inc. will post -0.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JMP Securities boosted their target price on Alkami Technology from $35.00 to $38.00 and gave the company a “market outperform” rating in a research note on Thursday, August 1st. The Goldman Sachs Group boosted their price objective on Alkami Technology from $28.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Lake Street Capital raised their target price on shares of Alkami Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Craig Hallum increased their price objective on shares of Alkami Technology from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Barclays raised their price objective on shares of Alkami Technology from $31.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.89.

Institutional Investors Weigh In On Alkami Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jump Financial LLC increased its holdings in Alkami Technology by 138.3% during the fourth quarter. Jump Financial LLC now owns 55,767 shares of the company’s stock worth $1,352,000 after buying an additional 32,367 shares during the last quarter. Wasatch Advisors LP bought a new stake in shares of Alkami Technology in the 1st quarter valued at about $37,178,000. Lisanti Capital Growth LLC bought a new stake in shares of Alkami Technology in the 1st quarter valued at about $3,316,000. Trexquant Investment LP acquired a new stake in Alkami Technology in the 4th quarter valued at about $1,094,000. Finally, Quest Partners LLC bought a new position in Alkami Technology during the fourth quarter worth about $113,000. 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.