BNP Paribas Financial Markets Makes New $4.90 Million Investment in Alkami Technology, Inc. (NASDAQ:ALKT)

BNP Paribas Financial Markets acquired a new stake in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 133,591 shares of the company's stock, valued at approximately $4,900,000. BNP Paribas Financial Markets owned approximately 0.13% of Alkami Technology at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Alkami Technology by 108.2% during the 3rd quarter. Barclays PLC now owns 95,391 shares of the company's stock worth $3,009,000 after buying an additional 49,580 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Alkami Technology by 10.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 6,727 shares of the company's stock worth $247,000 after buying an additional 615 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of Alkami Technology during the 4th quarter worth $518,000. Blue Trust Inc. raised its holdings 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 worth $117,000 after buying an additional 1,974 shares in the last quarter. Finally, Hodges Capital Management Inc. raised its holdings in shares of Alkami Technology by 1.6% during the 4th quarter. Hodges Capital Management Inc. now owns 211,570 shares of the company's stock worth $7,760,000 after buying an additional 3,337 shares in the last quarter. 54.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alkami Technology

In other Alkami Technology news, CFO W Bryan Hill sold 17,409 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $30.41, for a total value of $529,407.69. Following the sale, the chief financial officer now owns 450,620 shares in the company, valued at approximately $13,703,354.20. The trade was a 3.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph P. Payne bought 8,200 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average price of $30.46 per share, for a total transaction of $249,772.00. Following the transaction, the director now owns 21,128 shares in the company, valued at $643,558.88. This represents a 63.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 18.10% of the company's stock.

Alkami Technology Price Performance

ALKT traded down $0.19 on Monday, reaching $30.70. The stock had a trading volume of 586,336 shares, compared to its average volume of 849,532. Alkami Technology, Inc. has a fifty-two week low of $21.70 and a fifty-two week high of $42.29. The firm has a 50-day moving average of $26.46 and a 200-day moving average of $32.40. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of -65.32 and a beta of 0.56.

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). Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.31%. The company had revenue of $89.66 million during the quarter, compared to the consensus estimate of $89.63 million. As a group, sell-side analysts anticipate that Alkami Technology, Inc. will post -0.34 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on ALKT. Barclays lowered their price target on Alkami Technology from $35.00 to $30.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. JMP Securities reissued a "market outperform" rating and set a $46.00 price target on shares of Alkami Technology in a report on Thursday, May 1st. The Goldman Sachs Group lowered their price target on Alkami Technology from $39.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Lake Street Capital lowered their target price on Alkami Technology from $47.00 to $41.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Stephens raised Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 target price for the company in a report on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.88.

About Alkami Technology

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.