Dynamic Technology Lab Private Ltd Invests $305,000 in Alkami Technology, Inc. (NASDAQ:ALKT)

Dynamic Technology Lab Private Ltd acquired a new stake in Alkami Technology, Inc. (NASDAQ:ALKT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,315 shares of the company’s stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALKT. Essex Investment Management Co. LLC bought a new stake in shares of Alkami Technology during the 4th quarter valued at $34,000. Blue Trust Inc. grew its stake in shares of Alkami Technology by 162.6% during the fourth quarter. Blue Trust Inc. now owns 3,188 shares of the company’s stock worth $117,000 after purchasing an additional 1,974 shares during the period. Landscape Capital Management L.L.C. bought a new stake in Alkami Technology in the fourth quarter valued at about $216,000. Stifel Financial Corp acquired a new position in Alkami Technology in the third quarter valued at about $223,000. Finally, Atria Investments Inc bought a new position in Alkami Technology during the fourth quarter worth about $239,000. 54.97% of the stock is owned by institutional investors.

Alkami Technology Stock Performance

Shares of ALKT opened at $24.26 on Friday. The firm has a market cap of $2.50 billion, a P/E ratio of -51.62 and a beta of 0.56. Alkami Technology, Inc. has a twelve month low of $21.70 and a twelve month high of $42.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The firm’s 50 day moving average price is $28.44 and its two-hundred day moving average price is $33.80.

Alkami Technology (NASDAQ:ALKT) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). The company had revenue of $89.66 million during the quarter, compared to the consensus estimate of $89.63 million. Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.31%. On average, analysts forecast that Alkami Technology, Inc. will post -0.34 EPS for the current fiscal year.

Insider Activity

In related news, insider Douglas A. Linebarger sold 4,358 shares of Alkami Technology stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $30.41, for a total value of $132,526.78. Following the sale, the insider now owns 244,404 shares of the company’s stock, valued at approximately $7,432,325.64. This trade represents a 1.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO W Bryan Hill sold 17,409 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $30.41, for a total value of $529,407.69. Following the completion of the sale, the chief financial officer now owns 450,620 shares in the company, valued at $13,703,354.20. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,767 shares of company stock worth $4,004,934 over the last three months. Corporate insiders own 38.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ALKT. The Goldman Sachs Group lowered their price target on Alkami Technology from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Barclays decreased their price objective on shares of Alkami Technology from $41.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Stephens upgraded shares of Alkami Technology from an “equal weight” rating to an “overweight” rating and set a $40.00 target price on the stock in a report on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.00.

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.