Calamos Advisors LLC Acquires Shares of 61,865 Alkami Technology, Inc. (NASDAQ:ALKT)

Calamos Advisors LLC bought a new stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 61,865 shares of the company’s stock, valued at approximately $2,269,000. Calamos Advisors LLC owned 0.06% of Alkami Technology as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Alkami Technology by 474.5% during the third quarter. JPMorgan Chase & Co. now owns 379,542 shares of the company’s stock valued at $11,971,000 after purchasing an additional 313,478 shares during the last quarter. Castleark Management LLC bought a new position in shares of Alkami Technology in the 3rd quarter valued at approximately $6,050,000. Loomis Sayles & Co. L P acquired a new stake in Alkami Technology in the 3rd quarter worth approximately $6,032,000. Geode Capital Management LLC boosted its position in Alkami Technology by 16.4% during the third quarter. Geode Capital Management LLC now owns 1,231,987 shares of the company’s stock worth $38,865,000 after purchasing an additional 173,394 shares during the period. Finally, FMR LLC grew its holdings in Alkami Technology by 10.2% during the third quarter. FMR LLC now owns 1,523,747 shares of the company’s stock valued at $48,059,000 after purchasing an additional 141,319 shares during the last quarter. 54.97% of the stock is currently owned by hedge funds and other institutional investors.

Alkami Technology Stock Up 1.4 %

Shares of ALKT opened at $35.53 on Wednesday. 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 stock has a market cap of $3.57 billion, a price-to-earnings ratio of -75.60 and a beta of 0.47. Alkami Technology, Inc. has a 12 month low of $22.65 and a 12 month high of $42.29. The company has a 50-day moving average price of $37.23 and a two-hundred day moving average price of $35.04.

Insider Buying and Selling at Alkami Technology

In other Alkami Technology news, insider Douglas A. Linebarger sold 5,239 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $38.02, for a total value of $199,186.78. Following the transaction, the insider now owns 248,585 shares of the company’s stock, valued at approximately $9,451,201.70. The trade was a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Atlantic Genpar (Bermu General sold 375,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $37.50, for a total transaction of $14,062,500.00. Following the sale, the director now directly owns 12,680,049 shares in the company, valued at approximately $475,501,837.50. This represents a 2.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,517,380 shares of company stock worth $251,616,935 over the last three months. Company insiders own 25.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ALKT. The Goldman Sachs Group raised their price target on Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Needham & Company LLC boosted their target price on shares of Alkami Technology from $43.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their price target on shares of Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Craig Hallum boosted their price objective on shares of Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Barclays increased their target price on shares of Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $43.00.

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.