Deutsche Bank AG Purchases 71,621 Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

Deutsche Bank AG boosted its position in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 75.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,336 shares of the company’s stock after acquiring an additional 71,621 shares during the quarter. Deutsche Bank AG’s holdings in Alkami Technology were worth $6,101,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of Alkami Technology by 86.8% in the 4th quarter. Bank of New York Mellon Corp now owns 288,862 shares of the company’s stock valued at $10,595,000 after purchasing an additional 134,198 shares during the period. Rhumbline Advisers increased its position in Alkami Technology by 16.9% during the fourth quarter. Rhumbline Advisers now owns 75,352 shares of the company’s stock worth $2,764,000 after buying an additional 10,891 shares during the last quarter. Geode Capital Management LLC raised its stake in Alkami Technology by 15.8% in the fourth quarter. Geode Capital Management LLC now owns 1,426,038 shares of the company’s stock valued at $52,320,000 after buying an additional 194,051 shares during the period. Vanguard Group Inc. lifted its position in shares of Alkami Technology by 12.8% in the fourth quarter. Vanguard Group Inc. now owns 7,447,851 shares of the company’s stock valued at $273,187,000 after buying an additional 843,129 shares during the last quarter. Finally, Dakota Wealth Management bought a new position in shares of Alkami Technology during the 4th quarter worth approximately $518,000. Institutional investors and hedge funds own 54.97% of the company’s stock.

Alkami Technology Price Performance

NASDAQ:ALKT opened at $30.89 on Friday. Alkami Technology, Inc. has a 52 week low of $21.70 and a 52 week high of $42.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The firm’s 50-day simple moving average is $26.33 and its 200 day simple moving average is $32.47. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of -65.72 and a beta of 0.56.

Alkami Technology (NASDAQ:ALKT) last announced its earnings results on Thursday, February 27th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). Alkami Technology had a negative return on equity of 11.31% and a negative net margin of 14.55%. The business had revenue of $89.66 million for the quarter, compared to analyst estimates of $89.63 million. As a group, sell-side analysts predict that Alkami Technology, Inc. will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Joseph P. Payne purchased 8,200 shares of the business’s stock in a transaction dated Thursday, May 15th. The stock was bought at an average price of $30.46 per share, with a total value of $249,772.00. Following the acquisition, the director now owns 21,128 shares in the company, valued at approximately $643,558.88. The trade was a 63.43% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Douglas A. Linebarger sold 4,358 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $30.41, for a total transaction of $132,526.78. Following the sale, the insider now owns 244,404 shares in the company, valued at $7,432,325.64. This represents a 1.75% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.10% of the company’s stock.

Analyst Upgrades and Downgrades

ALKT has been the topic of a number of research analyst reports. Lake Street Capital dropped their price target on Alkami Technology from $47.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. The Goldman Sachs Group dropped their price objective on shares of Alkami Technology from $39.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Barclays reduced their target price on shares of Alkami Technology from $35.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. JMP Securities reissued a “market outperform” rating and issued a $46.00 price target on shares of Alkami Technology in a report on Thursday, May 1st. Finally, Stephens upgraded shares of Alkami Technology from an “equal weight” rating to an “overweight” rating and set a $40.00 price objective for the company in a research report on Thursday, March 13th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.88.

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.