Segall Bryant & Hamill LLC Lowers Stock Holdings in Alkami Technology, Inc. (NASDAQ:ALKT)

Segall Bryant & Hamill LLC reduced its position in Alkami Technology, Inc. (NASDAQ:ALKT) by 1.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 221,355 shares of the company’s stock after selling 2,992 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Alkami Technology were worth $8,119,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Essex Investment Management Co. LLC bought a new stake in Alkami Technology in the 4th quarter worth approximately $34,000. Advisors Asset Management Inc. raised its stake in shares of Alkami Technology by 117.9% during the third quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock worth $37,000 after acquiring an additional 631 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Alkami Technology by 162.6% in the 4th quarter. Blue Trust Inc. now owns 3,188 shares of the company’s stock worth $117,000 after acquiring an additional 1,974 shares during the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Alkami Technology in the 3rd quarter valued at $155,000. Finally, Atria Investments Inc bought a new position in shares of Alkami Technology during the 4th quarter valued at $239,000. 54.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Barclays lowered their price target on shares of Alkami Technology from $41.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group lowered their target price on Alkami Technology from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. increased their target price on Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Stephens raised Alkami Technology from an “equal weight” rating to an “overweight” rating and set a $40.00 price target on the stock in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Alkami Technology currently has an average rating of “Moderate Buy” and an average target price of $41.00.

Insider Buying and Selling at Alkami Technology

In related news, CFO W Bryan Hill sold 100,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $33.43, for a total transaction of $3,343,000.00. Following the transaction, the chief financial officer now owns 353,841 shares in the company, valued at $11,828,904.63. The trade was a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas A. Linebarger sold 4,358 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $30.41, for a total transaction of $132,526.78. Following the completion of the transaction, the insider now directly owns 244,404 shares of the company’s stock, valued at approximately $7,432,325.64. The trade was a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,767 shares of company stock valued at $4,004,934. 25.90% of the stock is currently owned by company insiders.

Alkami Technology Stock Down 0.5 %

NASDAQ ALKT opened at $27.48 on Thursday. Alkami Technology, Inc. has a 1 year low of $22.65 and a 1 year high of $42.29. The stock has a market capitalization of $2.81 billion, a PE ratio of -58.47 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.52 and a quick ratio of 3.52. The business’s 50-day moving average is $31.19 and its 200 day moving average is $34.33.

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

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.