Alkami Technology, Inc. (NASDAQ:ALKT) CFO Sells $4,178,736.95 in Stock

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 99,755 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $41.89, for a total transaction of $4,178,736.95. Following the completion of the sale, the chief financial officer now directly owns 371,648 shares of the company’s stock, valued at approximately $15,568,334.72. This trade represents a 21.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, November 21st, W Bryan Hill sold 110,250 shares of Alkami Technology stock. The stock was sold at an average price of $38.62, for a total transaction of $4,257,855.00.
• 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 value 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 value 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 value of $566,629.83.

Alkami Technology Trading Down 1.0 %

ALKT opened at $39.28 on Friday. The stock has a 50-day moving average of $35.69 and a 200 day moving average of $31.88. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05. Alkami Technology, Inc. has a 12 month low of $21.19 and a 12 month high of $42.29. The firm has a market cap of $3.95 billion, a P/E ratio of -83.57 and a beta of 0.43.

Hedge Funds Weigh In On Alkami Technology

Institutional investors and hedge funds have recently modified their holdings of the stock. Driehaus Capital Management LLC lifted its position in Alkami Technology by 56.2% in the second 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 during the last quarter. Millennium Management LLC raised its stake in shares of Alkami Technology by 124.1% in the second quarter. Millennium Management LLC now owns 514,677 shares of the company’s stock valued at $14,658,000 after acquiring an additional 284,977 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Alkami Technology in the 1st quarter worth about $5,569,000. Castleark Management LLC purchased a new position in shares of Alkami Technology during the 3rd quarter worth about $6,050,000. Finally, Loomis Sayles & Co. L P bought a new position in Alkami Technology during the 3rd quarter valued at about $6,032,000. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Analyst Ratings Changes

ALKT has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Barclays raised their target price on shares of Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Lake Street Capital increased their price objective on shares of Alkami Technology from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC lifted their target price on Alkami Technology from $43.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Craig Hallum boosted their target price on Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.44.

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.