Alkami Technology, Inc. $ALKT Holdings Lifted by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC boosted its holdings in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 32.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,479 shares of the company’s stock after buying an additional 23,390 shares during the period. Alkami Technology makes up about 1.5% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 9th biggest position. Taylor Frigon Capital Management LLC’s holdings in Alkami Technology were worth $2,848,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Perkins Coie Trust Co lifted its position in shares of Alkami Technology by 62.5% in the first quarter. Perkins Coie Trust Co now owns 1,300 shares of the company’s stock worth $34,000 after purchasing an additional 500 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Alkami Technology in the first quarter worth $36,000. Amalgamated Bank raised its holdings in shares of Alkami Technology by 50.8% during the first quarter. Amalgamated Bank now owns 2,091 shares of the company’s stock worth $55,000 after acquiring an additional 704 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Alkami Technology during the first quarter valued at $59,000. Finally, NBC Securities Inc. grew its stake in Alkami Technology by 114,550.0% in the first quarter. NBC Securities Inc. now owns 2,293 shares of the company’s stock valued at $60,000 after purchasing an additional 2,291 shares in the last quarter. Institutional investors and hedge funds own 54.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. initiated coverage on Alkami Technology in a research note on Wednesday, June 18th. They set an “overweight” rating and a $40.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alkami Technology currently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

Insider Transactions at Alkami Technology

In other news, Director Atlantic Genpar (Bermu General acquired 229,391 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average cost of $22.44 per share, with a total value of $5,147,534.04. Following the acquisition, the director owned 12,033,436 shares in the company, valued at approximately $270,030,303.84. This represents a 1.94% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Prerna Sachdeva sold 2,967 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $24.76, for a total transaction of $73,462.92. Following the completion of the transaction, the chief accounting officer owned 66,061 shares in the company, valued at $1,635,670.36. The trade was a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 1,396,162 shares of company stock worth $29,692,440. 18.10% of the stock is owned by insiders.

Alkami Technology Stock Up 1.4%

Shares of ALKT stock opened at $25.68 on Monday. The stock’s 50 day simple moving average is $24.61 and its 200 day simple moving average is $26.65. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 2.68. Alkami Technology, Inc. has a twelve month low of $19.94 and a twelve month high of $42.29. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of -67.58 and a beta of 0.58.

Alkami Technology 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.