Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill Sells 110,250 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 110,250 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $38.62, for a total value of $4,257,855.00. Following the transaction, the chief financial officer now owns 471,403 shares of the company’s stock, valued at $18,205,583.86. The trade was a 18.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $3,631,000.00.
• On Monday, September 23rd, W Bryan Hill sold 55,046 shares of Alkami Technology stock. The stock was sold at an average price of $31.19, for a total transaction of $1,716,884.74.
• On Thursday, September 5th, W Bryan Hill sold 17,937 shares of Alkami Technology stock. The shares were sold at an average price of $31.59, for a total transaction of $566,629.83.
• 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 transaction of $2,317,496.74.

Alkami Technology Stock Up 5.0 %

NASDAQ:ALKT opened at $40.69 on Friday. The business has a 50 day simple moving average of $35.10 and a 200-day simple moving average of $31.56. Alkami Technology, Inc. has a 1 year low of $21.19 and a 1 year high of $41.36. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Lake Street Capital raised their price target on Alkami Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Craig Hallum upped their target price on shares of Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on Alkami Technology from $34.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. 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 report on Tuesday, October 29th. Finally, Barclays boosted their target price on shares of Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Alkami Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.44.

Institutional Investors Weigh In On Alkami Technology

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