Susquehanna Fundamental Investments LLC Purchases Shares of 149,907 Alkami Technology, Inc. $ALKT

Susquehanna Fundamental Investments LLC purchased a new position in shares of Alkami Technology, Inc. (NASDAQ:ALKT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 149,907 shares of the company’s stock, valued at approximately $2,716,000.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in Alkami Technology by 398.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,146 shares of the company’s stock worth $35,000 after purchasing an additional 916 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Alkami Technology by 91.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,447 shares of the company’s stock worth $34,000 after buying an additional 692 shares during the period. Global Retirement Partners LLC purchased a new stake in Alkami Technology during the fourth quarter worth approximately $37,000. Summit Securities Group LLC increased its position in shares of Alkami Technology by 84.2% in the first quarter. Summit Securities Group LLC now owns 1,842 shares of the company’s stock worth $29,000 after acquiring an additional 842 shares in the last quarter. Finally, CWM LLC increased its position in shares of Alkami Technology by 97.6% in the fourth quarter. CWM LLC now owns 1,942 shares of the company’s stock worth $45,000 after acquiring an additional 959 shares in the last quarter. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Alkami Technology Trading Up 0.9%

ALKT opened at $20.40 on Tuesday. The firm’s 50 day moving average is $18.57 and its 200-day moving average is $17.27. Alkami Technology, Inc. has a 52-week low of $13.98 and a 52-week high of $26.89. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $2.18 billion, a P/E ratio of -48.57 and a beta of 0.58.

Alkami Technology (NASDAQ:ALKT) last announced its earnings results on Wednesday, July 29th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.23). The firm had revenue of $129.84 million during the quarter, compared to analysts’ expectations of $128.70 million. Alkami Technology had a negative net margin of 9.21% and a negative return on equity of 7.68%. Alkami Technology’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.13) earnings per share. Analysts expect that Alkami Technology, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ALKT. Needham & Company LLC lifted their target price on shares of Alkami Technology from $22.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 24th. JPMorgan Chase & Co. boosted their price objective on Alkami Technology from $19.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday, August 24th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alkami Technology in a research report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Alkami Technology currently has a consensus rating of “Hold” and a consensus target price of $23.80.

Alkami Technology Profile

Alkami Technology, Inc is a provider of cloud-based digital banking and engagement solutions tailored for banks and credit unions. The company’s platform offers a comprehensive suite of online and mobile banking features, including bill payment, peer-to-peer transfers, card management, streamlined account opening and real-time alerts, all designed to enhance the end-user experience and drive customer loyalty.

Built on a multi-tenant, software-as-a-service (SaaS) architecture hosted in the cloud, Alkami’s platform leverages modern APIs and a partner ecosystem to integrate third-party fintech applications and services.