Alkami Technology, Inc. (NASDAQ:ALKT) Holdings Boosted by Driehaus Capital Management LLC

Driehaus Capital Management LLC boosted its holdings in Alkami Technology, Inc. (NASDAQ:ALKT) by 56.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,091,276 shares of the company’s stock after acquiring an additional 392,483 shares during the period. Driehaus Capital Management LLC’s holdings in Alkami Technology were worth $31,080,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. NBC Securities Inc. lifted its holdings in Alkami Technology by 61.6% in the first quarter. NBC Securities Inc. now owns 2,892 shares of the company’s stock worth $71,000 after acquiring an additional 1,102 shares during the last quarter. Perkins Coie Trust Co bought a new position in Alkami Technology in the second quarter worth about $85,000. nVerses Capital LLC bought a new stake in shares of Alkami Technology during the second quarter valued at approximately $88,000. Acadian Asset Management LLC bought a new stake in shares of Alkami Technology during the first quarter valued at approximately $140,000. Finally, ProVise Management Group LLC bought a new stake in shares of Alkami Technology during the second quarter valued at approximately $209,000. Institutional investors own 54.97% of the company’s stock.

Insiders Place Their Bets

In other Alkami Technology news, CFO W Bryan Hill sold 55,046 shares of Alkami Technology stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $31.19, for a total value of $1,716,884.74. Following the transaction, the chief financial officer now owns 471,403 shares in the company, valued at $14,703,059.57. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Alkami Technology news, CFO W Bryan Hill sold 55,046 shares of Alkami Technology stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $31.19, for a total transaction of $1,716,884.74. Following the transaction, the chief financial officer now directly owns 471,403 shares in the company, valued at approximately $14,703,059.57. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brian R. Smith sold 83,333 shares of Alkami Technology stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $31.17, for a total transaction of $2,597,489.61. Following the transaction, the director now owns 784,549 shares in the company, valued at $24,454,392.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,648,416 shares of company stock worth $113,920,758. 38.00% of the stock is owned by insiders.

Alkami Technology Price Performance

NASDAQ ALKT opened at $31.17 on Friday. Alkami Technology, Inc. has a 12 month low of $16.49 and a 12 month high of $36.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.75 and a quick ratio of 3.75. The firm has a market capitalization of $3.09 billion, a PE ratio of -51.95 and a beta of 0.47. The company’s 50 day simple moving average is $31.75 and its 200 day simple moving average is $28.26.

Alkami Technology (NASDAQ:ALKT) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $82.16 million for the quarter, compared to analyst estimates of $81.32 million. Alkami Technology had a negative net margin of 17.47% and a negative return on equity of 13.43%. The business’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.17) earnings per share. As a group, equities research analysts forecast that Alkami Technology, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ALKT. Craig Hallum lifted their price target on Alkami Technology from $31.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JMP Securities lifted their price target on Alkami Technology from $35.00 to $38.00 and gave the company a “market outperform” rating in a report on Thursday, August 1st. Barclays lifted their price target on Alkami Technology from $31.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Lake Street Capital lifted their price target on Alkami Technology from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group lifted their price target on Alkami Technology from $28.00 to $34.00 and gave the company a “neutral” rating in a 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 data from MarketBeat, Alkami Technology has a consensus rating of “Moderate Buy” and an average price target of $33.89.

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.