43,444 Shares in Alkami Technology, Inc. $ALKT Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of Alkami Technology, Inc. (NASDAQ:ALKT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 43,444 shares of the company’s stock, valued at approximately $787,000.

Other large investors also recently made changes to their positions in the company. Irenic Capital Management LP acquired a new position in shares of Alkami Technology during the fourth quarter worth approximately $48,596,000. Praesidium Investment Management Company LLC lifted its holdings in shares of Alkami Technology by 13.4% in the 4th quarter. Praesidium Investment Management Company LLC now owns 2,287,096 shares of the company’s stock worth $52,763,000 after purchasing an additional 269,524 shares in the last quarter. Nicholas Company Inc. grew its position in Alkami Technology by 11.2% in the 4th quarter. Nicholas Company Inc. now owns 312,297 shares of the company’s stock valued at $7,205,000 after purchasing an additional 31,410 shares during the period. Janus Henderson Group PLC grew its position in Alkami Technology by 20.2% in the 1st quarter. Janus Henderson Group PLC now owns 3,855,334 shares of the company’s stock valued at $60,413,000 after purchasing an additional 646,898 shares during the period. Finally, Algebris UK Ltd. increased its stake in Alkami Technology by 140.6% during the 4th quarter. Algebris UK Ltd. now owns 1,233,546 shares of the company’s stock valued at $28,471,000 after purchasing an additional 720,769 shares in the last quarter. 54.97% of the stock is currently owned by institutional investors and hedge funds.

Alkami Technology Price Performance

Shares of NASDAQ ALKT opened at $20.14 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market cap of $2.15 billion, a PE ratio of -47.95 and a beta of 0.58. Alkami Technology, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $26.89. The stock has a fifty day moving average of $17.63 and a 200-day moving average of $17.16.

Alkami Technology (NASDAQ:ALKT) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.23). Alkami Technology had a negative net margin of 9.21% and a negative return on equity of 7.68%. The company had revenue of $129.84 million for the quarter, compared to the consensus estimate of $128.70 million. During the same quarter in the prior year, the company earned ($0.13) earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Equities research analysts anticipate that Alkami Technology, Inc. will post 0.14 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on ALKT shares. Citizens Jmp lowered their price objective on shares of Alkami Technology from $28.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. cut their target price on Alkami Technology from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Monday, June 22nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Alkami Technology in a report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.20.

About Alkami Technology

Alkami Technology, Inc is a provider of cloud-based digital banking and engagement solutions tailored for banks and credit unions. The company’s platform offers a comprehensive suite of online and mobile banking features, including bill payment, peer-to-peer transfers, card management, streamlined account opening and real-time alerts, all designed to enhance the end-user experience and drive customer loyalty.

Built on a multi-tenant, software-as-a-service (SaaS) architecture hosted in the cloud, Alkami’s platform leverages modern APIs and a partner ecosystem to integrate third-party fintech applications and services.