Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill Sells 17,409 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 17,409 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $30.41, for a total transaction of $529,407.69. Following the completion of the transaction, the chief financial officer now directly owns 450,620 shares of the company’s stock, valued at approximately $13,703,354.20. This trade represents a 3.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, January 13th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The shares were sold at an average price of $33.43, for a total transaction of $3,343,000.00.
• 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.

Alkami Technology Stock Performance

NASDAQ ALKT opened at $28.84 on Wednesday. The firm has a 50-day moving average of $34.45 and a 200-day moving average of $35.02. 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 stock has a market cap of $2.90 billion, a PE ratio of -61.36 and a beta of 0.47. Alkami Technology, Inc. has a 52-week low of $22.65 and a 52-week high of $42.29.

Alkami Technology (NASDAQ:ALKT) last posted its earnings results on Thursday, February 27th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The company had revenue of $89.66 million for the quarter, compared to analyst estimates of $89.63 million. Alkami Technology had a negative return on equity of 11.31% and a negative net margin of 14.55%. On average, sell-side analysts anticipate that Alkami Technology, Inc. will post -0.34 EPS for the current year.

Institutional Trading of Alkami Technology

Hedge funds have recently modified their holdings of the stock. Essex Investment Management Co. LLC acquired a new stake in shares of Alkami Technology during the 4th quarter worth about $34,000. Advisors Asset Management Inc. lifted its stake in shares of Alkami Technology by 117.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock worth $37,000 after buying an additional 631 shares during the last quarter. Quarry LP bought a new position in Alkami Technology during the fourth quarter worth about $61,000. Covestor Ltd increased its position in Alkami Technology by 6,300.0% during the third quarter. Covestor Ltd now owns 2,688 shares of the company’s stock worth $85,000 after acquiring an additional 2,646 shares during the period. Finally, Neo Ivy Capital Management bought a new position in Alkami Technology during the fourth quarter worth about $96,000. Institutional investors and hedge funds own 54.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Alkami Technology from $39.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday. Barclays cut their price target on shares of Alkami Technology from $41.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, 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 research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.14.

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.