Quantbot Technologies LP Raises Stock Position in Alkami Technology, Inc. (NASDAQ:ALKT)

Quantbot Technologies LP lifted its stake in Alkami Technology, Inc. (NASDAQ:ALKT) by 410.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,517 shares of the company’s stock after purchasing an additional 36,602 shares during the period. Quantbot Technologies LP’s holdings in Alkami Technology were worth $1,670,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Essex Investment Management Co. LLC purchased a new stake in Alkami Technology in the fourth quarter worth about $34,000. Advisors Asset Management Inc. lifted its stake in shares of Alkami Technology by 117.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock valued at $37,000 after purchasing an additional 631 shares during the period. Blue Trust Inc. boosted its position 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 valued at $117,000 after purchasing an additional 1,974 shares in the last quarter. Icon Wealth Advisors LLC purchased a new stake in Alkami Technology in the third quarter worth $155,000. Finally, GSA Capital Partners LLP bought a new position in Alkami Technology in the third quarter worth $203,000. Institutional investors own 54.97% of the company’s stock.

Insider Buying and Selling at Alkami Technology

In other Alkami Technology news, insider Douglas A. Linebarger sold 4,358 shares of Alkami Technology 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 $132,526.78. Following the completion of the sale, the insider now owns 244,404 shares of the company’s stock, valued at approximately $7,432,325.64. The trade was a 1.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO W Bryan Hill sold 100,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $33.43, for a total value of $3,343,000.00. Following the transaction, the chief financial officer now directly owns 353,841 shares in the company, valued at $11,828,904.63. The trade was a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,767 shares of company stock worth $4,004,934. Company insiders own 38.00% of the company’s stock.

Alkami Technology Price Performance

Shares of ALKT opened at $27.54 on Tuesday. The company has a market capitalization of $2.82 billion, a P/E ratio of -58.60 and a beta of 0.49. Alkami Technology, Inc. has a twelve month low of $22.65 and a twelve month high of $42.29. 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 firm has a 50 day moving average of $31.48 and a 200 day moving average of $34.39.

Alkami Technology (NASDAQ:ALKT) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.13). Alkami Technology had a negative return on equity of 11.31% and a negative net margin of 14.55%. The business had revenue of $89.66 million during the quarter, compared to analysts’ expectations of $89.63 million. As a group, equities research analysts anticipate that Alkami Technology, Inc. will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ALKT. 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 report on Monday, December 9th. The Goldman Sachs Group cut their price objective on shares of Alkami Technology from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Stephens upgraded shares of Alkami Technology from an “equal weight” rating to an “overweight” rating and set a $40.00 target price for the company in a report on Thursday, March 13th. Finally, Barclays cut their price target on Alkami Technology from $41.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Alkami Technology has an average rating of “Moderate Buy” and a consensus price target of $41.00.

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.