Calamos Advisors LLC Takes $2.27 Million Position in Alkami Technology, Inc. (NASDAQ:ALKT)

Calamos Advisors LLC acquired a new position in Alkami Technology, Inc. (NASDAQ:ALKT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 61,865 shares of the company’s stock, valued at approximately $2,269,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC boosted its position in shares of Alkami Technology by 16.1% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock worth $114,000 after purchasing an additional 500 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Alkami Technology by 10.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 6,727 shares of the company’s stock valued at $247,000 after purchasing an additional 615 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Alkami Technology by 117.9% in the third quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock worth $37,000 after purchasing an additional 631 shares during the period. Park Place Capital Corp bought a new position in shares of Alkami Technology during the third quarter worth $28,000. Finally, Blue Trust Inc. grew its holdings 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 buying an additional 1,014 shares during the period. 54.97% of the stock is owned by institutional investors.

Insider Transactions at Alkami Technology

In other Alkami Technology news, insider Stephen Bohanon sold 15,491 shares of Alkami Technology stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $38.37, for a total transaction of $594,389.67. Following the completion of the transaction, the insider now directly owns 358,204 shares of the company’s stock, valued at $13,744,287.48. The trade was a 4.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Douglas A. Linebarger sold 5,239 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $38.02, for a total transaction of $199,186.78. Following the completion of the transaction, the insider now owns 248,585 shares in the company, valued at approximately $9,451,201.70. This represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,517,380 shares of company stock worth $251,616,935 in the last ninety days. Insiders own 25.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on ALKT shares. The Goldman Sachs Group raised their price objective on Alkami Technology from $34.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Craig Hallum lifted their price objective on Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Barclays increased their target price on Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Needham & Company LLC lifted their price target on shares of Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Alkami Technology from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Alkami Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Alkami Technology Trading Up 1.4 %

Shares of Alkami Technology stock opened at $35.53 on Wednesday. The stock has a market cap of $3.57 billion, a P/E ratio of -75.60 and a beta of 0.47. Alkami Technology, Inc. has a 12-month low of $22.65 and a 12-month high of $42.29. The business’s 50 day moving average is $37.23 and its 200-day moving average is $35.04. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05.

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.