Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill Sells 100,000 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $39.77, for a total value of $3,977,000.00. Following the completion of the sale, the chief financial officer now directly owns 353,841 shares of the company’s stock, valued at approximately $14,072,256.57. This represents a 22.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, December 3rd, W Bryan Hill sold 17,807 shares of Alkami Technology stock. The shares were sold at an average price of $38.37, for a total value of $683,254.59.
• On Monday, November 25th, W Bryan Hill sold 99,755 shares of Alkami Technology stock. The stock was sold at an average price of $41.89, for a total value of $4,178,736.95.
• On Thursday, November 21st, W Bryan Hill sold 110,250 shares of Alkami Technology stock. The stock was sold at an average price of $38.62, for a total transaction of $4,257,855.00.
• On Monday, November 18th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The stock was sold at an average price of $36.31, for a total transaction of $3,631,000.00.
• On Monday, September 23rd, W Bryan Hill sold 55,046 shares of Alkami Technology stock. The stock was sold at an average price of $31.19, for a total value of $1,716,884.74.

Alkami Technology Price Performance

ALKT stock opened at $37.94 on Thursday. The business has a 50 day moving average price of $37.90 and a 200 day moving average price of $33.12. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of -80.72 and a beta of 0.46. Alkami Technology, Inc. has a fifty-two week low of $22.62 and a fifty-two week high of $42.29.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Craig Hallum boosted their price objective on Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JMP Securities boosted their price target on shares of Alkami Technology from $38.00 to $41.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Barclays raised their price objective on shares of Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on shares of Alkami Technology from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group raised their price target on shares of Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.88.

Institutional Trading of Alkami Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALKT. Park Place Capital Corp purchased a new position in shares of Alkami Technology in the 3rd quarter valued at $28,000. Advisors Asset Management Inc. boosted its stake in Alkami Technology by 117.9% in the third quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock valued at $37,000 after acquiring an additional 631 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Alkami Technology by 507.0% during the third quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock worth $38,000 after purchasing an additional 1,014 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Alkami Technology during the second quarter worth about $40,000. Finally, Covestor Ltd increased its position in shares of Alkami Technology by 6,300.0% during the third quarter. Covestor Ltd now owns 2,688 shares of the company’s stock worth $85,000 after purchasing an additional 2,646 shares in the last quarter. Institutional investors and hedge funds own 54.97% of the company’s stock.

Alkami Technology Company Profile

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.