Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill Sells 100,000 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 100,000 shares of Alkami Technology stock in a transaction dated 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 transaction, the chief financial officer now owns 471,403 shares in the company, valued at approximately $17,116,642.93. This represents a 17.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 transaction of $1,716,884.74.
• On Thursday, September 5th, W Bryan Hill sold 17,937 shares of Alkami Technology stock. The stock was sold at an average price of $31.59, for a total transaction of $566,629.83.
• On Tuesday, August 27th, W Bryan Hill sold 69,511 shares of Alkami Technology stock. The stock was sold at an average price of $33.34, for a total transaction of $2,317,496.74.

Alkami Technology Stock Performance

Shares of ALKT stock opened at $37.75 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.52 and a quick ratio of 3.52. Alkami Technology, Inc. has a one year low of $21.19 and a one year high of $41.36. The business’s 50 day simple moving average is $34.71 and its 200 day simple moving average is $31.41. The stock has a market capitalization of $3.79 billion, a PE ratio of -80.32 and a beta of 0.43.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ALKT. Craig Hallum raised their price objective on Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Lake Street Capital lifted their price target on Alkami Technology from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JMP Securities upped their price objective on Alkami Technology from $38.00 to $41.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group raised their price objective on shares of Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Barclays boosted their target price on shares of Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Alkami Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.44.

Institutional Investors Weigh In On Alkami Technology

A number of institutional investors have recently modified their holdings of ALKT. Park Place Capital Corp acquired a new position in Alkami Technology in the third quarter valued at $28,000. Advisors Asset Management Inc. lifted its stake in shares of Alkami Technology by 117.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock valued at $37,000 after purchasing an additional 631 shares during the period. Blue Trust Inc. boosted its position in shares of Alkami Technology by 507.0% during the 3rd quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock valued at $38,000 after purchasing an additional 1,014 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Alkami Technology during the second quarter worth approximately $40,000. Finally, Perkins Coie Trust Co acquired a new stake in Alkami Technology during the second quarter worth approximately $85,000. 54.97% of the stock is owned by institutional investors.

Alkami Technology Company Profile

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.