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 the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $38.62, for a total value of $4,257,855.00. Following the sale, the chief financial officer now owns 471,403 shares of the company’s stock, valued at $18,205,583.86. This trade represents a 18.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $36.31, for a total transaction of $3,631,000.00.
• On Monday, September 23rd, W Bryan Hill sold 55,046 shares of Alkami Technology stock. The shares were sold at an average price of $31.19, for a total transaction of $1,716,884.74.
• On Thursday, September 5th, W Bryan Hill sold 17,937 shares of Alkami Technology stock. The stock was sold at an average price of $31.59, for a total transaction 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 transaction of $2,317,496.74.

Alkami Technology Stock Performance

Alkami Technology stock opened at $40.69 on Friday. Alkami Technology, Inc. has a 52-week low of $21.19 and a 52-week high of $41.36. The company has a fifty day simple moving average of $35.10 and a 200-day simple moving average of $31.56. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

ALKT has been the topic of several research reports. The Goldman Sachs Group upped their target price on Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Lake Street Capital boosted their price target on Alkami Technology from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays raised their price objective on Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Craig Hallum upped their price objective on shares of Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, JMP Securities lifted their price objective on shares of Alkami Technology from $38.00 to $41.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Alkami Technology currently has a consensus rating of “Moderate Buy” and an average target price of $37.44.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Blair William & Co. IL grew its position in Alkami Technology by 51.1% in the first quarter. Blair William & Co. IL now owns 16,155 shares of the company’s stock worth $397,000 after acquiring an additional 5,460 shares during the period. Vanguard Group Inc. boosted its stake in Alkami Technology by 1.9% during the first quarter. Vanguard Group Inc. now owns 4,650,560 shares of the company’s stock worth $114,264,000 after buying an additional 88,390 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Alkami Technology during the first quarter valued at about $140,000. MQS Management LLC purchased a new stake in shares of Alkami Technology in the 1st quarter valued at approximately $237,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Alkami Technology by 14.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,502 shares of the company’s stock worth $283,000 after acquiring an additional 1,460 shares during the last quarter. Hedge funds and other institutional investors own 54.97% of the company’s stock.

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.