Alkami Technology (NASDAQ:ALKT) Director Buys $14,048,558.36 in Stock

Key Points

• Atlantic Genpar (Bermu General), an Alkami director, bought 844,772 shares on May 6 at an average $16.63 per share for about $14.05 million, bringing its direct stake to 17,445,994 shares (valued at ~$290.1M) — a 5.09% increase in the position.
• The director has been accumulating stock over March–May, acquiring a total of 2,566,543 shares across four trades (Mar 12–May 6) for roughly $43.83 million, signaling sizable insider buying activity.
• Separately, Alkami reported a quarterly EPS miss (‑$0.09 vs. $0.21 estimate) despite revenue rising 28.9% year-over-year to $126.14M; ALKT traded around $16.75 midday, has a market cap of ~$1.79B, and carries a consensus analyst rating of Hold with an average target of $22.80.

Alkami Technology, Inc. (NASDAQ:ALKT - Get Free Report) Director Atlantic Genpar (Bermu General acquired 844,772 shares of the business's stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average cost of $16.63 per share, for a total transaction of $14,048,558.36. Following the completion of the transaction, the director directly owned 17,445,994 shares in the company, valued at $290,126,880.22. This represents a 5.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Atlantic Genpar (Bermu General also recently made the following trade(s):

• On Tuesday, May 5th, Atlantic Genpar (Bermu General acquired 700,000 shares of Alkami Technology stock. The stock was bought at an average cost of $16.84 per share, for a total transaction of $11,788,000.00.
• On Monday, May 4th, Atlantic Genpar (Bermu General purchased 521,771 shares of Alkami Technology stock. The stock was acquired at an average price of $16.92 per share, for a total transaction of $8,828,365.32.
• On Thursday, March 12th, Atlantic Genpar (Bermu General purchased 500,000 shares of Alkami Technology stock. The stock was acquired at an average price of $18.33 per share, for a total transaction of $9,165,000.00.

Alkami Technology Stock Down 0.6%

ALKT stock traded down $0.10 during midday trading on Wednesday, hitting $16.75. The company's stock had a trading volume of 2,373,742 shares, compared to its average volume of 1,663,961. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.30 and a quick ratio of 2.30. Alkami Technology, Inc. has a twelve month low of $14.11 and a twelve month high of $31.66. The company's fifty day moving average price is $16.70 and its 200 day moving average price is $19.39. The stock has a market capitalization of $1.79 billion, a P/E ratio of -35.64 and a beta of 0.54.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.30). Alkami Technology had a negative net margin of 10.55% and a negative return on equity of 8.91%. The business had revenue of $126.14 million during the quarter, compared to analyst estimates of $125.22 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The firm's quarterly revenue was up 28.9% on a year-over-year basis. As a group, equities research analysts predict that Alkami Technology, Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on ALKT shares. Barclays lowered their price objective on shares of Alkami Technology from $25.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 26th. 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 research note on Thursday, April 30th. JPMorgan Chase & Co. lowered their price objective on shares of Alkami Technology from $38.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings restated a "sell (d-)" rating on shares of Alkami Technology in a research note on Wednesday, January 21st. Finally, Needham & Company LLC reduced their target price on shares of Alkami Technology from $32.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Alkami Technology currently has a consensus rating of "Hold" and an average target price of $22.80.

Institutional Trading of Alkami Technology

A number of institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in Alkami Technology by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 431,007 shares of the company's stock valued at $6,754,000 after purchasing an additional 10,296 shares during the period. Fifth Third Bancorp boosted its holdings in Alkami Technology by 456.7% in the 1st quarter. Fifth Third Bancorp now owns 6,190 shares of the company's stock valued at $97,000 after purchasing an additional 5,078 shares during the period. Summit Securities Group LLC boosted its holdings in Alkami Technology by 84.2% in the 1st quarter. Summit Securities Group LLC now owns 1,842 shares of the company's stock valued at $29,000 after purchasing an additional 842 shares during the period. Taylor Frigon Capital Management LLC boosted its holdings in Alkami Technology by 26.3% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 149,610 shares of the company's stock valued at $2,344,000 after purchasing an additional 31,135 shares during the period. Finally, West Tower Group LLC bought a new stake in Alkami Technology in the 1st quarter valued at about $188,000. Institutional investors own 54.97% of the company's stock.

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.

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