Captrust Financial Advisors Buys 66,170 Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

Captrust Financial Advisors raised its holdings in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 232.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,652 shares of the company's stock after buying an additional 66,170 shares during the period. Captrust Financial Advisors owned about 0.09% of Alkami Technology worth $3,472,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. lifted its position in shares of Alkami Technology by 10.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 6,727 shares of the company's stock valued at $247,000 after acquiring an additional 615 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Alkami Technology in the 4th quarter valued at approximately $34,000. Summit Investment Advisors Inc. lifted its position in Alkami Technology by 28.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,553 shares of the company's stock worth $204,000 after buying an additional 1,238 shares in the last quarter. Mariner LLC lifted its position in Alkami Technology by 25.3% in the 4th quarter. Mariner LLC now owns 8,080 shares of the company's stock worth $296,000 after buying an additional 1,630 shares in the last quarter. Finally, Quarry LP purchased a new stake in Alkami Technology in the 4th quarter worth approximately $61,000. 54.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ALKT has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Alkami Technology from $35.00 to $30.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Needham & Company LLC dropped their price target on shares of Alkami Technology from $54.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. The Goldman Sachs Group dropped their price target on shares of Alkami Technology from $39.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Lake Street Capital dropped their price target on shares of Alkami Technology from $47.00 to $41.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, JMP Securities restated a "market outperform" rating and set a $46.00 price target on shares of Alkami Technology in a research note on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $39.88.

Insider Activity

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

Alkami Technology Stock Performance

Shares of NASDAQ:ALKT traded up $0.42 on Friday, hitting $30.91. 196,266 shares of the company were exchanged, compared to its average volume of 847,983. The company's 50 day moving average price is $26.18 and its two-hundred day moving average price is $32.57. Alkami Technology, Inc. has a one year low of $21.70 and a one year high of $42.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -65.80 and a beta of 0.56.

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

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.