Olympiad Research LP Buys Shares of 13,590 Alkami Technology, Inc. (NASDAQ:ALKT)

Olympiad Research LP acquired a new stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT) during the third quarter, HoldingsChannel reports. The fund acquired 13,590 shares of the company’s stock, valued at approximately $429,000.

Several other large investors have also added to or reduced their stakes in the company. Park Place Capital Corp purchased a new stake in shares of Alkami Technology during the third quarter worth about $28,000. Blue Trust Inc. increased its stake in Alkami Technology by 507.0% during the third quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock worth $38,000 after acquiring an additional 1,014 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Alkami Technology during the 2nd quarter valued at approximately $40,000. Perkins Coie Trust Co bought a new stake in shares of Alkami Technology in the 2nd quarter worth about $85,000. Finally, nVerses Capital LLC bought a new stake in Alkami Technology in the second quarter worth about $88,000. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Analyst Ratings Changes

ALKT has been the topic of a number of research analyst reports. Barclays upped their target price 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. JMP Securities lifted their price target on Alkami Technology from $38.00 to $41.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. Needham & Company LLC upped their price objective on shares of Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Lake Street Capital lifted their price objective on shares of Alkami Technology from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Craig Hallum increased 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. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.44.

Insiders Place Their Bets

In related news, CEO Alex Shootman sold 37,758 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $29.75, for a total value of $1,123,300.50. Following the sale, the chief executive officer now owns 1,056,207 shares in the company, valued at approximately $31,422,158.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Alex Shootman sold 37,758 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $29.75, for a total transaction of $1,123,300.50. Following the completion of the transaction, the chief executive officer now directly owns 1,056,207 shares of the company’s stock, valued at $31,422,158.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO W Bryan Hill sold 69,511 shares of Alkami Technology stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $33.34, for a total value of $2,317,496.74. Following the completion of the transaction, the chief financial officer now owns 489,340 shares of the company’s stock, valued at $16,314,595.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,565,083 shares of company stock valued at $111,323,268 over the last 90 days. 38.00% of the stock is owned by company insiders.

Alkami Technology Trading Down 5.7 %

Shares of Alkami Technology stock opened at $37.60 on Thursday. The stock has a 50 day moving average of $33.47 and a 200 day moving average of $30.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of -84.81 and a beta of 0.43. Alkami Technology, Inc. has a fifty-two week low of $20.38 and a fifty-two week high of $41.36.

Alkami Technology 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.