Alkami Technology, Inc. (NASDAQ:ALKT – Get Free Report) CFO W Bryan Hill sold 100,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $28.80, for a total value of $2,880,000.00. Following the sale, the chief financial officer now owns 505,877 shares of the company’s stock, valued at $14,569,257.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
W Bryan Hill also recently made the following trade(s):
- On Friday, March 8th, W Bryan Hill sold 50,089 shares of Alkami Technology stock. The stock was sold at an average price of $23.91, for a total value of $1,197,627.99.
Alkami Technology Trading Down 1.7 %
Shares of NASDAQ:ALKT opened at $27.94 on Thursday. The business’s 50 day simple moving average is $24.82 and its two-hundred day simple moving average is $24.23. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.06. Alkami Technology, Inc. has a 52-week low of $13.97 and a 52-week high of $29.28.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Wasatch Advisors LP purchased a new stake in shares of Alkami Technology during the first quarter valued at approximately $37,178,000. Scalar Gauge Management LLC purchased a new position in Alkami Technology in the fourth quarter worth $20,694,000. The Manufacturers Life Insurance Company boosted its position in Alkami Technology by 3,727.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 854,379 shares of the company’s stock worth $20,719,000 after purchasing an additional 832,059 shares during the last quarter. Capital International Investors boosted its position in Alkami Technology by 15.6% in the fourth quarter. Capital International Investors now owns 4,679,907 shares of the company’s stock worth $113,488,000 after purchasing an additional 632,061 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in Alkami Technology in the third quarter worth $5,484,000. Institutional investors own 54.97% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ALKT. TheStreet raised Alkami Technology from a “d” rating to a “c-” rating in a report on Thursday, February 29th. Craig Hallum upped their target price on Alkami Technology from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 target price on shares of Alkami Technology in a report on Monday, April 15th. Barclays upped their target price on Alkami Technology from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. Finally, William Blair reaffirmed an “outperform” rating on shares of Alkami Technology in a report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.90.
Get Our Latest Report 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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