Insider Selling: Alkami Technology, Inc. (NASDAQ:ALKT) CFO Sells $3,977,000.00 in Stock

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 100,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $39.77, for a total transaction of $3,977,000.00. Following the completion of the sale, the chief financial officer now owns 353,841 shares of the company’s stock, valued at $14,072,256.57. This trade represents a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, December 3rd, W Bryan Hill sold 17,807 shares of Alkami Technology stock. The shares were 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 shares were sold at an average price of $38.62, for a total value 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 value 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 value of $1,716,884.74.

Alkami Technology Stock Up 1.2 %

Alkami Technology stock opened at $39.12 on Friday. The company has a market capitalization of $3.93 billion, a PE ratio of -83.23 and a beta of 0.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. Alkami Technology, Inc. has a fifty-two week low of $22.62 and a fifty-two week high of $42.29. The firm has a 50 day moving average price of $38.12 and a 200 day moving average price of $33.23.

Institutional Investors Weigh In On Alkami Technology

Institutional investors have recently modified their holdings of the company. Park Place Capital Corp acquired a new stake in Alkami Technology during the 3rd quarter worth approximately $28,000. Advisors Asset Management Inc. grew its stake in shares of Alkami Technology by 117.9% in the third quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock worth $37,000 after acquiring an additional 631 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Alkami Technology by 507.0% in the third quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock valued at $38,000 after acquiring an additional 1,014 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Alkami Technology in the second quarter valued at $40,000. Finally, Covestor Ltd boosted its holdings in Alkami Technology by 6,300.0% in the third quarter. Covestor Ltd now owns 2,688 shares of the company’s stock valued at $85,000 after purchasing an additional 2,646 shares during the period. 54.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ALKT. JMP Securities boosted their price target on shares of Alkami Technology from $38.00 to $41.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Barclays increased their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Needham & Company LLC upped their price objective on Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their target price on Alkami Technology from $34.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Two equities research 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 a consensus rating of “Moderate Buy” and an average price target of $40.88.

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.