Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill Sells 99,755 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 99,755 shares of Alkami Technology stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $41.89, for a total transaction of $4,178,736.95. Following the sale, the chief financial officer now owns 371,648 shares of the company’s stock, valued at $15,568,334.72. The trade was a 21.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 shares were 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.
• On Thursday, September 5th, W Bryan Hill sold 17,937 shares of Alkami Technology stock. The stock was sold at an average price of $31.59, for a total value of $566,629.83.

Alkami Technology Trading Down 1.0 %

Alkami Technology stock opened at $39.28 on Friday. 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 $3.95 billion, a PE ratio of -83.57 and a beta of 0.43. The stock has a 50-day moving average of $35.69 and a two-hundred day moving average of $31.88. Alkami Technology, Inc. has a one year low of $21.19 and a one year high of $42.29.

Wall Street Analyst Weigh In

ALKT has been the topic of several recent research reports. Craig Hallum increased their target price 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. JMP Securities increased their price objective on shares of Alkami Technology from $38.00 to $41.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. Needham & Company LLC boosted 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. Barclays increased their target price on Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Lake Street Capital boosted their price target on Alkami Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Alkami Technology has an average rating of “Moderate Buy” and an average price target of $37.44.

Hedge Funds Weigh In On Alkami Technology

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Park Place Capital Corp purchased a new stake in Alkami Technology during the 3rd quarter worth approximately $28,000. Advisors Asset Management Inc. grew its holdings in shares of Alkami Technology by 117.9% during the third quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock valued at $37,000 after buying an additional 631 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Alkami Technology by 507.0% during the third quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock valued at $38,000 after buying an additional 1,014 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Alkami Technology in the 2nd quarter worth $40,000. Finally, Perkins Coie Trust Co acquired a new stake in Alkami Technology during the 2nd quarter worth about $85,000. 54.97% of the stock is owned by hedge funds and other institutional investors.

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.