Alkami Technology, Inc. (NASDAQ:ALKT – Get Free Report) CFO W Bryan Hill sold 17,937 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $31.59, for a total value of $566,629.83. Following the transaction, the chief financial officer now directly owns 471,403 shares in the company, valued at approximately $14,891,620.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
W Bryan Hill also recently made the following trade(s):
- On Tuesday, August 27th, W Bryan Hill sold 69,511 shares of Alkami Technology stock. The shares were sold at an average price of $33.34, for a total value of $2,317,496.74.
- On Monday, June 17th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The stock was sold at an average price of $25.72, for a total value of $2,572,000.00.
Alkami Technology Stock Performance
Shares of ALKT stock opened at $29.32 on Friday. The company has a market capitalization of $2.86 billion, a P/E ratio of -48.87 and a beta of 0.47. The stock has a 50 day moving average price of $31.88 and a two-hundred day moving average price of $27.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.75 and a current ratio of 3.75. Alkami Technology, Inc. has a fifty-two week low of $16.49 and a fifty-two week high of $36.00.
Institutional Investors Weigh In On Alkami Technology
Hedge funds have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. purchased a new stake in shares of Alkami Technology during the 2nd quarter worth approximately $40,000. NBC Securities Inc. purchased a new stake in shares of Alkami Technology in the 4th quarter worth approximately $43,000. Perkins Coie Trust Co purchased a new stake in Alkami Technology during the second quarter worth $85,000. nVerses Capital LLC acquired a new stake in Alkami Technology in the second quarter valued at approximately $88,000. Finally, Quest Partners LLC purchased a new stake in Alkami Technology during the 4th quarter worth approximately $113,000. 54.97% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have commented on ALKT. Craig Hallum lifted their price objective on shares of Alkami Technology from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC boosted their price objective on shares of Alkami Technology from $32.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group upped their price objective on shares of Alkami Technology from $28.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. JMP Securities lifted their target price on shares of Alkami Technology from $35.00 to $38.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 1st. Finally, Lake Street Capital boosted their price target on shares of Alkami Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.89.
Read Our Latest Research Report on Alkami Technology
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.
Featured Articles
- Five stocks we like better than Alkami Technology
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Is Merck Stock Undervalued After Its Colossal Earnings Growth?
- How to Use the MarketBeat Excel Dividend Calculator
- Top 5 ETFs for Every Investor: From Semiconductors to Defense
- Why is the Ex-Dividend Date Significant to Investors?
- Blade Air Mobility: This Under-the-Radar Stock Could Double Soon
Receive News & Ratings for Alkami Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alkami Technology and related companies with MarketBeat.com's FREE daily email newsletter.