Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill Sells 17,409 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 17,409 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $30.41, for a total transaction of $529,407.69. Following the completion of the transaction, the chief financial officer now owns 450,620 shares in the company, valued at $13,703,354.20. This represents a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, January 13th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The shares were sold at an average price of $33.43, for a total transaction of $3,343,000.00.
• On Monday, December 16th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The shares were sold at an average price of $39.77, for a total transaction of $3,977,000.00.

Alkami Technology Stock Down 2.5 %

Shares of NASDAQ:ALKT opened at $28.84 on Wednesday. Alkami Technology, Inc. has a 52 week low of $22.65 and a 52 week high of $42.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The company has a market capitalization of $2.90 billion, a PE ratio of -61.36 and a beta of 0.47. The company has a 50 day moving average price of $34.45 and a two-hundred day moving average price of $35.02.

Alkami Technology (NASDAQ:ALKT) last issued its earnings results on Thursday, February 27th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.31%. The firm had revenue of $89.66 million during the quarter, compared to the consensus estimate of $89.63 million. Analysts forecast that Alkami Technology, Inc. will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Alkami Technology

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Alkami Technology by 12.8% during the fourth quarter. Vanguard Group Inc. now owns 7,447,851 shares of the company’s stock worth $273,187,000 after acquiring an additional 843,129 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Alkami Technology by 5,747.1% during the fourth quarter. Alliancebernstein L.P. now owns 2,707,329 shares of the company’s stock worth $99,305,000 after acquiring an additional 2,661,027 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in shares of Alkami Technology during the fourth quarter worth $78,878,000. Driehaus Capital Management LLC increased its position in shares of Alkami Technology by 16.7% during the fourth quarter. Driehaus Capital Management LLC now owns 2,093,426 shares of the company’s stock worth $76,787,000 after acquiring an additional 299,728 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Alkami Technology by 0.4% during the fourth quarter. Franklin Resources Inc. now owns 1,811,795 shares of the company’s stock worth $66,457,000 after acquiring an additional 6,970 shares in the last quarter. Institutional investors own 54.97% of the company’s stock.

Analyst Ratings Changes

ALKT has been the topic of several analyst reports. Barclays cut their price objective on shares of Alkami Technology from $41.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday. The Goldman Sachs Group lowered their target price on shares of Alkami Technology from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. upped their target price on shares of Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.14.

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.