19,126 Shares in Alkami Technology, Inc. $ALKT Acquired by TD Asset Management Inc

TD Asset Management Inc purchased a new position in shares of Alkami Technology, Inc. (NASDAQ:ALKT) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 19,126 shares of the company’s stock, valued at approximately $576,000.

A number of other large investors have also bought and sold shares of ALKT. Oppenheimer Asset Management Inc. grew its position in Alkami Technology by 2.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 58,487 shares of the company’s stock worth $1,535,000 after acquiring an additional 1,166 shares during the last quarter. Bessemer Group Inc. grew its position in Alkami Technology by 69.4% during the 1st quarter. Bessemer Group Inc. now owns 41,907 shares of the company’s stock worth $1,100,000 after acquiring an additional 17,167 shares during the last quarter. Diversified Trust Co grew its position in Alkami Technology by 65.2% during the 1st quarter. Diversified Trust Co now owns 26,791 shares of the company’s stock worth $703,000 after acquiring an additional 10,575 shares during the last quarter. KBC Group NV bought a new stake in Alkami Technology during the 1st quarter worth approximately $73,000. Finally, Amalgamated Bank grew its position in Alkami Technology by 50.8% during the 1st quarter. Amalgamated Bank now owns 2,091 shares of the company’s stock worth $55,000 after acquiring an additional 704 shares during the last quarter. 54.97% of the stock is currently owned by institutional investors.

Alkami Technology Stock Up 0.5%

Shares of ALKT opened at $23.37 on Friday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of -61.50 and a beta of 0.57. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 2.68. The business’s fifty day moving average price is $24.46 and its two-hundred day moving average price is $26.33. Alkami Technology, Inc. has a 52 week low of $19.94 and a 52 week high of $42.29.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Alkami Technology in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Alkami Technology has an average rating of “Moderate Buy” and an average target price of $39.25.

Insider Buying and Selling at Alkami Technology

In other news, CAO Prerna Sachdeva sold 2,967 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $24.76, for a total value of $73,462.92. Following the transaction, the chief accounting officer owned 66,061 shares of the company’s stock, valued at $1,635,670.36. This represents a 4.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO W Bryan Hill sold 20,366 shares of the stock in a transaction on 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 in the company, valued at approximately $10,148,851.64. This trade represents a 4.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 1,396,162 shares of company stock worth $29,692,440. Insiders own 18.10% of the company’s stock.

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.