Loomis Sayles & Co. L P Takes Position in Alkami Technology, Inc. (NASDAQ:ALKT)

Loomis Sayles & Co. L P bought a new stake in Alkami Technology, Inc. (NASDAQ:ALKT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 191,259 shares of the company’s stock, valued at approximately $6,032,000. Loomis Sayles & Co. L P owned about 0.19% of Alkami Technology at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ALKT. Park Place Capital Corp bought a new stake in shares of Alkami Technology in the 3rd quarter valued at about $28,000. Advisors Asset Management Inc. lifted its stake in shares of Alkami Technology by 117.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock valued at $37,000 after acquiring an additional 631 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Alkami Technology by 507.0% in the 3rd quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock valued at $38,000 after acquiring an additional 1,014 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Alkami Technology in the 2nd quarter valued at about $40,000. Finally, Perkins Coie Trust Co bought a new stake in shares of Alkami Technology in the 2nd quarter valued at about $85,000. Institutional investors own 54.97% of the company’s stock.

Alkami Technology Stock Down 1.0 %

ALKT stock opened at $39.28 on Thursday. Alkami Technology, Inc. has a fifty-two week low of $21.19 and a fifty-two week high of $42.29. The business’s 50 day moving average price is $35.52 and its two-hundred day moving average price is $31.83. 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 company has a market capitalization of $3.95 billion, a price-to-earnings ratio of -83.57 and a beta of 0.43.

Insider Transactions at Alkami Technology

In other news, CEO Alex Shootman sold 37,758 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $29.75, for a total value of $1,123,300.50. Following the sale, the chief executive officer now directly owns 1,056,207 shares of the company’s stock, valued at $31,422,158.25. The trade was a 3.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Atlantic Genpar (Bermu General sold 3,000,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $39.75, for a total value of $119,250,000.00. Following the completion of the sale, the director now directly owns 9,680,049 shares in the company, valued at approximately $384,781,947.75. This represents a 23.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,360,428 shares of company stock valued at $244,916,568 in the last ninety days. 25.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ALKT has been the topic of a number of research analyst reports. Barclays boosted their price target on Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. JMP Securities boosted their price target on Alkami Technology from $38.00 to $41.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. Needham & Company LLC boosted their price target on Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Craig Hallum boosted their price target on Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price target on Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alkami Technology presently has an average rating of “Moderate Buy” and a consensus price target of $37.44.

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.