Atlantic Genpar (Bermu General Buys 521,771 Shares of Alkami Technology (NASDAQ:ALKT) Stock

Key Points

• Atlantic Genpar (Bermu General) made large insider buys — acquiring 2,566,543 shares across March 12 and May 4–6 (totaling roughly $43.8 million), boosting its stake to about 15.9 million shares valued at ~$269 million.
• Alkami recently missed on EPS (reported -$0.09 vs. $0.21 est.) while revenue rose 28.9% to $126.14M; the stock trades near $16.75 with a $1.79B market cap and a consensus "Hold" rating with an average price target of $22.80.

Alkami Technology, Inc. (NASDAQ:ALKT - Get Free Report) Director Atlantic Genpar (Bermu General purchased 521,771 shares of the company's stock in a transaction that occurred on Monday, May 4th. The stock was bought at an average price of $16.92 per share, with a total value of $8,828,365.32. Following the purchase, the director owned 15,901,222 shares of the company's stock, valued at approximately $269,048,676.24. The trade was a 3.39% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, May 6th, Atlantic Genpar (Bermu General purchased 844,772 shares of Alkami Technology stock. The stock was bought at an average price of $16.63 per share, with a total value of $14,048,558.36.
• On Tuesday, May 5th, Atlantic Genpar (Bermu General purchased 700,000 shares of Alkami Technology stock. The stock was bought at an average price of $16.84 per share, with a total value of $11,788,000.00.
• On Thursday, March 12th, Atlantic Genpar (Bermu General purchased 500,000 shares of Alkami Technology stock. The stock was bought at an average price of $18.33 per share, with a total value of $9,165,000.00.

Alkami Technology Stock Performance

ALKT stock traded down $0.10 during trading on Wednesday, hitting $16.75. 2,373,742 shares of the company's stock traded hands, compared to its average volume of 1,663,961. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of -35.64 and a beta of 0.54. Alkami Technology, Inc. has a 52 week low of $14.11 and a 52 week high of $31.66. The stock has a fifty day moving average price of $16.70 and a two-hundred day moving average price of $19.39. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.96.

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

Analysts Set New Price Targets

ALKT has been the subject of several recent research reports. Needham & Company LLC lowered their target price on Alkami Technology from $32.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, February 26th. Weiss Ratings restated a "sell (d-)" rating on shares of Alkami Technology in a research note on Wednesday, January 21st. Citizens Jmp dropped their target price on Alkami Technology from $28.00 to $23.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. reduced their price target on shares of Alkami Technology from $38.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, February 18th. Finally, Barclays reduced their price objective on Alkami Technology from $25.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Alkami Technology has a consensus rating of "Hold" and an average price target of $22.80.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in Alkami Technology by 398.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,146 shares of the company's stock valued at $35,000 after buying an additional 916 shares during the period. First Horizon Corp acquired a new position in Alkami Technology during the third quarter valued at $30,000. Smartleaf Asset Management LLC raised its position in Alkami Technology by 91.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,447 shares of the company's stock valued at $34,000 after buying an additional 692 shares during the period. AlphaQuest LLC raised its position in Alkami Technology by 54.5% during the third quarter. AlphaQuest LLC now owns 1,542 shares of the company's stock valued at $38,000 after buying an additional 544 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in Alkami Technology during the fourth quarter valued at $37,000. 54.97% of the stock is owned by institutional investors and hedge funds.

Alkami Technology Company Profile

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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