Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill Sells 17,937 Shares of Stock

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 17,937 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $31.59, for a total value of $566,629.83. Following the completion of the transaction, the chief financial officer now owns 471,403 shares in the company, valued at $14,891,620.77. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, August 27th, W Bryan Hill sold 69,511 shares of Alkami Technology stock. The stock was sold at an average price of $33.34, for a total value of $2,317,496.74.
• On Monday, June 17th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The shares were sold at an average price of $25.72, for a total transaction of $2,572,000.00.

Alkami Technology Trading Down 5.8 %

Shares of Alkami Technology stock opened at $29.32 on Friday. Alkami Technology, Inc. has a fifty-two week low of $16.49 and a fifty-two week high of $36.00. The business’s fifty day moving average is $31.88 and its two-hundred day moving average is $27.62. The firm has a market cap of $2.86 billion, a PE ratio of -48.87 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 (NASDAQ:ALKT) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $81.32 million. Alkami Technology had a negative return on equity of 13.43% and a negative net margin of 17.47%. The company’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. Analysts anticipate that Alkami Technology, Inc. will post -0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Barclays upped their target price on Alkami Technology from $31.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Lake Street Capital boosted their target price on shares of Alkami Technology from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group boosted their price target on shares of Alkami Technology from $28.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. JMP Securities increased their target price on shares of Alkami Technology from $35.00 to $38.00 and gave the company a “market outperform” rating in a research report on Thursday, August 1st. Finally, Craig Hallum raised their price objective on shares of Alkami Technology from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Alkami Technology currently has an average rating of “Moderate Buy” and a consensus target price of $33.89.

Institutional Investors Weigh In On Alkami Technology

Several large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in Alkami Technology by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 309,781 shares of the company’s stock valued at $7,512,000 after buying an additional 8,452 shares in the last quarter. NBC Securities Inc. bought a new position in Alkami Technology in the 4th quarter worth $43,000. Jump Financial LLC boosted its holdings in Alkami Technology by 138.3% during the fourth quarter. Jump Financial LLC now owns 55,767 shares of the company’s stock valued at $1,352,000 after acquiring an additional 32,367 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Alkami Technology in the fourth quarter valued at about $447,000. Finally, Trexquant Investment LP acquired a new position in shares of Alkami Technology during the fourth quarter valued at about $1,094,000. 54.97% of the stock is owned by institutional investors and hedge funds.

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.