24,740 Shares in Alkami Technology, Inc. (NASDAQ:ALKT) Bought by Bessemer Group Inc.

Bessemer Group Inc. bought a new position in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 24,740 shares of the company's stock, valued at approximately $907,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Essex Investment Management Co. LLC bought a new position in Alkami Technology during the fourth quarter valued at about $34,000. Blue Trust Inc. grew its position in shares of Alkami Technology by 162.6% during the 4th quarter. Blue Trust Inc. now owns 3,188 shares of the company's stock valued at $117,000 after acquiring an additional 1,974 shares during the period. Bank of Montreal Can purchased a new stake in shares of Alkami Technology during the 4th quarter worth approximately $203,000. Landscape Capital Management L.L.C. bought a new stake in shares of Alkami Technology in the 4th quarter worth approximately $216,000. Finally, Stifel Financial Corp purchased a new position in Alkami Technology in the third quarter valued at approximately $223,000. 54.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALKT has been the subject of several recent research reports. Stephens raised Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 price objective for the company in a report on Thursday, March 13th. Barclays decreased 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 report on Monday, April 14th. Finally, The Goldman Sachs Group reduced their target price on Alkami Technology from $39.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Alkami Technology currently has a consensus rating of "Moderate Buy" and an average price target of $40.38.

Insider Activity at Alkami Technology

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

Alkami Technology Trading Down 0.6 %

Shares of NASDAQ ALKT traded down $0.16 during midday trading on Friday, hitting $24.75. 883,127 shares of the company traded hands, compared to its average volume of 797,649. 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 12-month low of $21.70 and a 12-month high of $42.29. The stock has a 50-day moving average price of $27.18 and a 200 day moving average price of $33.55. The firm has a market cap of $2.55 billion, a P/E ratio of -52.66 and a beta of 0.56.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last released its 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 firm 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, analysts expect that Alkami Technology, Inc. will post -0.34 earnings per share for the current year.

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.