Brokerages Set Alkami Technology, Inc. (NASDAQ:ALKT) Target Price at $39.25

Shares of Alkami Technology, Inc. (NASDAQ:ALKTGet Free Report) have received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $39.25.

A number of brokerages have recently commented on ALKT. JPMorgan Chase & Co. began coverage on shares of Alkami Technology in a report on Wednesday, June 18th. They issued an “overweight” rating and a $40.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alkami Technology in a report on Wednesday.

Get Our Latest Analysis on Alkami Technology

Insider Buying and Selling at Alkami Technology

In other Alkami Technology news, CFO W Bryan Hill sold 20,366 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $24.76, for a total value of $504,262.16. Following the completion of the transaction, the chief financial officer directly owned 409,889 shares of the company’s stock, valued at approximately $10,148,851.64. This trade represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Atlantic Genpar (Bermu General purchased 650,000 shares of the stock in a transaction dated Monday, August 11th. The stock was acquired at an average price of $20.70 per share, for a total transaction of $13,455,000.00. Following the completion of the transaction, the director directly owned 11,287,274 shares of the company’s stock, valued at approximately $233,646,571.80. The trade was a 6.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,396,162 shares of company stock valued at $29,692,440. Corporate insiders own 18.10% of the company’s stock.

Institutional Trading of Alkami Technology

Several large investors have recently modified their holdings of ALKT. Versant Capital Management Inc acquired a new stake in shares of Alkami Technology in the first quarter valued at approximately $36,000. GAMMA Investing LLC grew its position in shares of Alkami Technology by 1,386.9% in the first quarter. GAMMA Investing LLC now owns 10,973 shares of the company’s stock valued at $288,000 after purchasing an additional 10,235 shares during the last quarter. Rhumbline Advisers grew its position in shares of Alkami Technology by 17.4% in the first quarter. Rhumbline Advisers now owns 88,430 shares of the company’s stock valued at $2,321,000 after purchasing an additional 13,078 shares during the last quarter. NBC Securities Inc. grew its position in shares of Alkami Technology by 114,550.0% in the first quarter. NBC Securities Inc. now owns 2,293 shares of the company’s stock valued at $60,000 after purchasing an additional 2,291 shares during the last quarter. Finally, Perkins Coie Trust Co boosted its position in Alkami Technology by 62.5% during the first quarter. Perkins Coie Trust Co now owns 1,300 shares of the company’s stock worth $34,000 after acquiring an additional 500 shares during the last quarter. 54.97% of the stock is currently owned by institutional investors and hedge funds.

Alkami Technology Stock Performance

Shares of ALKT stock opened at $23.56 on Friday. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. Alkami Technology has a 12 month low of $19.94 and a 12 month high of $42.29. The company has a market cap of $2.45 billion, a P/E ratio of -62.00 and a beta of 0.57. The firm has a fifty day moving average price of $24.12 and a 200 day moving average price of $26.53.

Alkami Technology Company Profile

(Get 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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Analyst Recommendations for Alkami Technology (NASDAQ:ALKT)

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