Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill Sells 20,365 Shares of Stock

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 20,365 shares of Alkami Technology stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $28.36, for a total transaction of $577,551.40. Following the completion of the sale, the chief financial officer now owns 430,255 shares in the company, valued at approximately $12,202,031.80. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Alkami Technology Price Performance

Alkami Technology stock opened at $28.94 on Wednesday. The company’s 50 day simple moving average is $27.07 and its 200-day simple moving average is $31.79. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of -61.57 and a beta of 0.56. Alkami Technology, Inc. has a 1 year low of $21.70 and a 1 year 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.

Institutional Investors Weigh In On Alkami Technology

Several large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its holdings in Alkami Technology by 17.4% during the 1st quarter. Rhumbline Advisers now owns 88,430 shares of the company’s stock worth $2,321,000 after acquiring an additional 13,078 shares in the last quarter. Strs Ohio acquired a new position in Alkami Technology during the 1st quarter worth approximately $593,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Alkami Technology by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,491 shares of the company’s stock worth $3,189,000 after acquiring an additional 3,552 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Alkami Technology by 11.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 720,770 shares of the company’s stock worth $18,920,000 after acquiring an additional 71,949 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its holdings in Alkami Technology by 236.9% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 28,015 shares of the company’s stock worth $735,000 after acquiring an additional 19,700 shares in the last quarter. 54.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on ALKT shares. Barclays lowered their price objective on shares of Alkami Technology from $35.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Stephens raised 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. Lake Street Capital lowered their price objective on shares of Alkami Technology from $47.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. The Goldman Sachs Group lowered their price objective on shares of Alkami Technology from $39.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Finally, Needham & Company LLC lowered their price objective on shares of Alkami Technology from $54.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.