Alkami Technology, Inc. (NASDAQ:ALKT) CFO Sells $3,343,000.00 in Stock

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $33.43, for a total transaction of $3,343,000.00. Following the transaction, the chief financial officer now owns 353,841 shares in the company, valued at $11,828,904.63. This represents a 22.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

W Bryan Hill also recently made the following trade(s):

• On Monday, December 16th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The shares were sold at an average price of $39.77, for a total transaction of $3,977,000.00.
• On Tuesday, December 3rd, W Bryan Hill sold 17,807 shares of Alkami Technology stock. The stock was sold at an average price of $38.37, for a total transaction of $683,254.59.
• On Monday, November 25th, W Bryan Hill sold 99,755 shares of Alkami Technology stock. The stock was sold at an average price of $41.89, for a total transaction of $4,178,736.95.
• On Thursday, November 21st, W Bryan Hill sold 110,250 shares of Alkami Technology stock. The stock was sold at an average price of $38.62, for a total transaction of $4,257,855.00.
• On Monday, November 18th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The stock was sold at an average price of $36.31, for a total transaction of $3,631,000.00.

Alkami Technology Trading Up 1.4 %

Alkami Technology stock opened at $35.22 on Friday. The company has a 50 day moving average price of $38.00 and a 200 day moving average price of $34.57. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of -74.94 and a beta of 0.48. Alkami Technology, Inc. has a 52 week low of $22.65 and a 52 week 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.

Wall Street Analysts Forecast Growth

ALKT has been the subject of a number of research reports. JMP Securities raised their target price on shares of Alkami Technology from $38.00 to $41.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. The Goldman Sachs Group raised their target price on shares of Alkami Technology from $34.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Craig Hallum raised their price objective on shares of Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC raised their price objective on shares of Alkami Technology from $43.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Barclays raised their price objective on shares of Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Institutional Investors Weigh In On Alkami Technology

A number of institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its stake in shares of Alkami Technology by 4.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,804,825 shares of the company’s stock valued at $61,364,000 after buying an additional 75,469 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Alkami Technology by 13.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,570,179 shares of the company’s stock valued at $44,719,000 after buying an additional 181,194 shares during the period. FMR LLC boosted its stake in shares of Alkami Technology by 10.2% during the 3rd quarter. FMR LLC now owns 1,523,747 shares of the company’s stock valued at $48,059,000 after buying an additional 141,319 shares during the period. Geode Capital Management LLC boosted its stake in shares of Alkami Technology by 16.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,231,987 shares of the company’s stock valued at $38,865,000 after buying an additional 173,394 shares during the period. Finally, Driehaus Capital Management LLC boosted its stake in shares of Alkami Technology by 56.2% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,091,276 shares of the company’s stock valued at $31,080,000 after buying an additional 392,483 shares during the period. Institutional investors and hedge funds 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.