Alkami Technology, Inc. (NASDAQ:ALKT – Get Free Report) insider Stephen Bohanon sold 35,893 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $33.60, for a total value of $1,206,004.80. Following the sale, the insider now owns 403,786 shares of the company’s stock, valued at $13,567,209.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Stephen Bohanon also recently made the following trade(s):
- On Thursday, June 6th, Stephen Bohanon sold 22,171 shares of Alkami Technology stock. The shares were sold at an average price of $26.88, for a total value of $595,956.48.
Alkami Technology Stock Performance
Shares of Alkami Technology stock opened at $31.12 on Friday. The stock’s fifty day moving average is $31.87 and its two-hundred day moving average is $27.60. The company has a market capitalization of $3.03 billion, a PE ratio of -51.87 and a beta of 0.47. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.05. Alkami Technology, Inc. has a 52 week low of $16.49 and a 52 week high of $36.00.
Hedge Funds Weigh In On Alkami Technology
Several hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP bought a new position in shares of Alkami Technology during the 1st quarter worth $37,178,000. Scalar Gauge Management LLC bought a new position in shares of Alkami Technology during the 4th quarter worth $20,694,000. The Manufacturers Life Insurance Company grew its position in shares of Alkami Technology by 3,727.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 854,379 shares of the company’s stock worth $20,719,000 after buying an additional 832,059 shares in the last quarter. Capital International Investors grew its position in shares of Alkami Technology by 15.6% during the 4th quarter. Capital International Investors now owns 4,679,907 shares of the company’s stock worth $113,488,000 after buying an additional 632,061 shares in the last quarter. Finally, Driehaus Capital Management LLC grew its position in shares of Alkami Technology by 56.2% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,091,276 shares of the company’s stock worth $31,080,000 after buying an additional 392,483 shares in the last quarter. Institutional investors own 54.97% of the company’s stock.
Analyst Upgrades and Downgrades
ALKT has been the subject of a number of recent research reports. Barclays boosted their price objective on Alkami Technology from $31.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. JMP Securities upped their price objective on Alkami Technology from $35.00 to $38.00 and gave the stock a “market outperform” rating in a report on Thursday, August 1st. Lake Street Capital upped their price objective on Alkami Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group upped their price objective on Alkami Technology from $28.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC increased their price target on Alkami Technology from $32.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.89.
Check Out Our Latest Stock Analysis on Alkami Technology
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.
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