Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill Sells 110,250 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 110,250 shares of Alkami Technology stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $38.62, for a total transaction of $4,257,855.00. Following the completion of the transaction, the chief financial officer now owns 471,403 shares in the company, valued at approximately $18,205,583.86. This trade represents a 18.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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 value 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.
• On Thursday, September 5th, W Bryan Hill sold 17,937 shares of Alkami Technology stock. The shares were sold at an average price of $31.59, for a total value of $566,629.83.
• On Tuesday, August 27th, W Bryan Hill sold 69,511 shares of Alkami Technology stock. The stock was sold at an average price of $33.34, for a total value of $2,317,496.74.

Alkami Technology Price Performance

ALKT opened at $40.69 on Monday. The stock has a fifty day moving average price of $35.10 and a 200 day moving average price of $31.62. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05. Alkami Technology, Inc. has a 1 year low of $21.19 and a 1 year high of $41.36. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of -86.57 and a beta of 0.43.

Institutional Investors Weigh In On Alkami Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Alkami Technology by 16.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,231,987 shares of the company’s stock valued at $38,865,000 after buying an additional 173,394 shares in the last quarter. Bullseye Asset Management LLC lifted its stake in Alkami Technology by 6.2% in the third quarter. Bullseye Asset Management LLC now owns 85,826 shares of the company’s stock valued at $2,707,000 after acquiring an additional 5,000 shares during the last quarter. Barclays PLC grew its position in Alkami Technology by 108.2% in the third quarter. Barclays PLC now owns 95,391 shares of the company’s stock worth $3,009,000 after acquiring an additional 49,580 shares in the last quarter. Castleark Management LLC acquired a new position in shares of Alkami Technology during the 3rd quarter worth $6,050,000. Finally, State Street Corp raised its holdings in shares of Alkami Technology by 5.1% during the 3rd quarter. State Street Corp now owns 1,088,408 shares of the company’s stock valued at $34,328,000 after purchasing an additional 52,699 shares in the last quarter. 54.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on ALKT shares. The Goldman Sachs Group lifted their target price on shares of Alkami Technology from $34.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. JMP Securities lifted their price objective on shares of Alkami Technology from $38.00 to $41.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. Needham & Company LLC increased their target price on Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Lake Street Capital raised their target price on Alkami Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Craig Hallum upped their price target on Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.44.

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.