Alkami Technology, Inc. (NASDAQ:ALKT) Director Atlantic Genpar (Bermu General Sells 375,000 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) Director Atlantic Genpar (Bermu General sold 375,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $37.50, for a total value of $14,062,500.00. Following the sale, the director now owns 12,680,049 shares in the company, valued at approximately $475,501,837.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Alkami Technology Price Performance

NASDAQ ALKT opened at $37.60 on Wednesday. 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 business’s fifty day moving average is $33.73 and its 200 day moving average is $30.86. The company has a market capitalization of $3.78 billion, a PE ratio of -80.00 and a beta of 0.43. Alkami Technology, Inc. has a fifty-two week low of $20.61 and a fifty-two week high of $41.36.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ALKT. Vanguard Group Inc. raised its stake in Alkami Technology by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 4,650,560 shares of the company’s stock worth $114,264,000 after acquiring an additional 88,390 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Alkami Technology by 13.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,570,179 shares of the company’s stock worth $44,719,000 after purchasing an additional 181,194 shares in the last quarter. Driehaus Capital Management LLC lifted its stake in shares of Alkami Technology by 56.2% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,091,276 shares of the company’s stock valued at $31,080,000 after buying an additional 392,483 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Alkami Technology by 12.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,053,567 shares of the company’s stock worth $30,002,000 after buying an additional 120,468 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Alkami Technology by 29.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 534,375 shares of the company’s stock worth $16,854,000 after buying an additional 120,845 shares during the period. 54.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Lake Street Capital lifted their price objective on Alkami Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays boosted their price objective on shares of Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Craig Hallum lifted their target price on shares of Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC increased 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. Finally, JMP Securities lifted their price objective on Alkami Technology from $38.00 to $41.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alkami Technology presently has an average rating of “Moderate Buy” and an average price target of $37.44.

About Alkami Technology

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.