SG Americas Securities LLC Acquires 77,677 Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

SG Americas Securities LLC raised its holdings in Alkami Technology, Inc. (NASDAQ:ALKT) by 1,283.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,727 shares of the company’s stock after acquiring an additional 77,677 shares during the period. SG Americas Securities LLC owned about 0.09% of Alkami Technology worth $2,030,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Beaird Harris Wealth Management LLC grew its holdings in shares of Alkami Technology by 31.7% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 2,075 shares of the company’s stock valued at $38,000 after purchasing an additional 500 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Alkami Technology in the third quarter valued at approximately $39,000. Ensign Peak Advisors Inc grew its stake in shares of Alkami Technology by 84.1% during the third quarter. Ensign Peak Advisors Inc now owns 2,890 shares of the company’s stock worth $43,000 after buying an additional 1,320 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Alkami Technology during the first quarter worth $45,000. Finally, Quarry LP bought a new position in shares of Alkami Technology in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 54.97% of the company’s stock.

Insider Transactions at Alkami Technology

In other news, insider Douglas A. Linebarger sold 33,593 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $23.59, for a total transaction of $792,458.87. Following the completion of the sale, the insider now directly owns 262,749 shares in the company, valued at $6,198,248.91. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Douglas A. Linebarger sold 33,593 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $23.59, for a total value of $792,458.87. Following the completion of the sale, the insider now directly owns 262,749 shares of the company’s stock, valued at approximately $6,198,248.91. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO W Bryan Hill sold 50,089 shares of Alkami Technology stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $23.91, for a total transaction of $1,197,627.99. Following the sale, the chief financial officer now directly owns 508,501 shares in the company, valued at approximately $12,158,258.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,734 shares of company stock worth $2,658,864. Company insiders own 38.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JMP Securities upped their target price on Alkami Technology from $25.00 to $30.00 and gave the stock a “market outperform” rating in a report on Thursday, February 29th. Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of Alkami Technology in a research report on Thursday, February 29th. The Goldman Sachs Group cut shares of Alkami Technology from a “buy” rating to a “neutral” rating and upped their price target for the company from $23.00 to $27.00 in a research report on Tuesday, January 23rd. Barclays lifted their price target on shares of Alkami Technology from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. Finally, Stephens downgraded Alkami Technology from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $22.00 to $24.00 in a report on Thursday, December 7th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.10.

Alkami Technology Price Performance

Shares of NASDAQ ALKT opened at $23.99 on Thursday. The company has a market capitalization of $2.32 billion, a PE ratio of -36.35 and a beta of 0.41. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $24.67 and its 200-day moving average price is $22.19. Alkami Technology, Inc. has a twelve month low of $10.93 and a twelve month high of $26.75.

Alkami Technology (NASDAQ:ALKT) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $71.37 million for the quarter, compared to analysts’ expectations of $71.12 million. Alkami Technology had a negative return on equity of 17.00% and a negative net margin of 23.76%. On average, equities analysts anticipate that Alkami Technology, Inc. will post -0.41 EPS for the current year.

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.