Nebula Research & Development LLC Purchases 12,465 Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

Nebula Research & Development LLC raised its position in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 44.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,762 shares of the company's stock after purchasing an additional 12,465 shares during the quarter. Nebula Research & Development LLC's holdings in Alkami Technology were worth $1,495,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ALKT. Essex Investment Management Co. LLC bought a new position in Alkami Technology during the 4th quarter worth approximately $34,000. Blue Trust Inc. raised its stake in Alkami Technology by 162.6% during the fourth quarter. Blue Trust Inc. now owns 3,188 shares of the company's stock worth $117,000 after buying an additional 1,974 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Alkami Technology by 73.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,031 shares of the company's stock valued at $148,000 after buying an additional 1,710 shares during the period. Bank of Montreal Can bought a new stake in Alkami Technology during the fourth quarter valued at $203,000. Finally, Summit Investment Advisors Inc. boosted its position in Alkami Technology by 28.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,553 shares of the company's stock valued at $204,000 after acquiring an additional 1,238 shares during the last quarter. Institutional investors own 54.97% of the company's stock.

Insider Buying and Selling

In related news, insider Douglas A. Linebarger sold 4,358 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $30.41, for a total transaction of $132,526.78. Following the completion of the sale, the insider now directly owns 244,404 shares of the company's stock, valued at approximately $7,432,325.64. This trade represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO W Bryan Hill sold 17,409 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $30.41, for a total value of $529,407.69. Following the completion of the transaction, the chief financial officer now directly owns 450,620 shares in the company, valued at approximately $13,703,354.20. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. 18.10% of the stock is owned by corporate insiders.

Alkami Technology Stock Down 2.9 %

ALKT stock traded down $0.78 during mid-day trading on Thursday, reaching $25.91. 913,381 shares of the company traded hands, compared to its average volume of 819,540. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. The firm's 50 day moving average price is $26.14 and its 200 day moving average price is $33.15. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -55.10 and a beta of 0.56. Alkami Technology, Inc. has a fifty-two week low of $21.70 and a fifty-two week high of $42.29.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.13). The company had revenue of $89.66 million during the quarter, compared to analysts' expectations of $89.63 million. Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.31%. As a group, equities research analysts predict that Alkami Technology, Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on ALKT. JMP Securities reaffirmed a "market outperform" rating and set a $46.00 target price on shares of Alkami Technology in a research note on Thursday. Barclays lowered their price objective on shares of Alkami Technology from $35.00 to $30.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Stephens raised shares of Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 target price on the stock in a research note on Thursday, March 13th. The Goldman Sachs Group decreased their price target on shares of Alkami Technology from $39.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Finally, Needham & Company LLC reduced their target price on Alkami Technology from $54.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.25.

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.