Bamco Inc. NY Has $20.46 Million Position in Alkami Technology, Inc. (NASDAQ:ALKT)

Bamco Inc. NY reduced its holdings in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 557,673 shares of the company's stock after selling 112,454 shares during the quarter. Bamco Inc. NY owned 0.55% of Alkami Technology worth $20,455,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ALKT. Essex Investment Management Co. LLC acquired a new position in shares of Alkami Technology in the fourth quarter worth about $34,000. Quarry LP acquired a new stake in shares of Alkami Technology in the 4th quarter worth about $61,000. Blue Trust Inc. raised its holdings in shares of Alkami Technology by 162.6% during the fourth quarter. Blue Trust Inc. now owns 3,188 shares of the company's stock valued at $117,000 after buying an additional 1,974 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Alkami Technology by 73.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,031 shares of the company's stock worth $148,000 after buying an additional 1,710 shares during the period. Finally, Bank of Montreal Can bought a new position in Alkami Technology in the 4th quarter worth approximately $203,000. Institutional investors and hedge funds own 54.97% of the company's stock.

Insider Activity at Alkami Technology

In other news, CFO W Bryan Hill sold 17,409 shares of the business's 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 $529,407.69. Following the completion of the sale, the chief financial officer now owns 450,620 shares in the company, valued at $13,703,354.20. The trade was a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $132,526.78. Following the transaction, the insider now owns 244,404 shares in the company, valued at approximately $7,432,325.64. This trade represents a 1.75 % decrease in their position. The disclosure for this sale can be found here. 18.10% of the stock is owned by company insiders.

Alkami Technology Stock Up 2.1 %

NASDAQ ALKT traded up $0.58 during trading hours on Wednesday, reaching $28.05. 1,467,857 shares of the company's stock were exchanged, compared to its average volume of 836,162. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -59.69 and a beta of 0.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. Alkami Technology, Inc. has a one year low of $21.70 and a one year high of $42.29. The company's 50-day moving average is $25.88 and its two-hundred day moving average is $32.90.

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

Analyst Ratings Changes

ALKT has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Alkami Technology from $35.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. JMP Securities restated a "market outperform" rating and issued a $46.00 target price on shares of Alkami Technology in a report on Thursday, May 1st. Stephens upgraded shares of Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 price objective on the stock in a research report on Thursday, March 13th. The Goldman Sachs Group dropped their target price on Alkami Technology from $39.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. Finally, Lake Street Capital reduced their target price on shares of Alkami Technology from $47.00 to $41.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Alkami Technology currently has an average rating of "Moderate Buy" and an average target price of $39.88.

Alkami Technology Company 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.