Bluefin Capital Management LLC bought a new position in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 147,743 shares of the company's stock, valued at approximately $2,677,000. Alkami Technology accounts for about 0.7% of Bluefin Capital Management LLC's investment portfolio, making the stock its 24th largest holding. Bluefin Capital Management LLC owned approximately 0.14% of Alkami Technology at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Summit Securities Group LLC boosted its position in shares of Alkami Technology by 84.2% in the 1st quarter. Summit Securities Group LLC now owns 1,842 shares of the company's stock valued at $29,000 after purchasing an additional 842 shares during the period. Smartleaf Asset Management LLC lifted its stake 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 in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 in the last quarter. Optiver Holding B.V. acquired a new position in shares of Alkami Technology in the first quarter worth about $36,000. Finally, Essential Partners LLC increased its position in shares of Alkami Technology by 7,090.9% in the first quarter. Essential Partners LLC now owns 2,373 shares of the company's stock worth $37,000 after acquiring an additional 2,340 shares in the last quarter. 54.97% of the stock is owned by hedge funds and other institutional investors.
Alkami Technology Trading Up 1.1%
NASDAQ:ALKT opened at $20.35 on Thursday. The stock's 50 day moving average price is $18.23 and its 200 day moving average price is $17.21. Alkami Technology, Inc. has a 52 week low of $13.98 and a 52 week high of $26.89. The company has a market capitalization of $2.18 billion, a P/E ratio of -48.45 and a beta of 0.58. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.13 and a current ratio of 2.13.
Alkami Technology (NASDAQ:ALKT - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.23). The business had revenue of $129.84 million during the quarter, compared to analyst estimates of $128.70 million. Alkami Technology had a negative net margin of 9.21% and a negative return on equity of 7.68%. Alkami Technology's revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.13) earnings per share. On average, research analysts forecast that Alkami Technology, Inc. will post 0.14 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on ALKT. Citizens Jmp reduced their target price on Alkami Technology from $28.00 to $23.00 and set a "market outperform" rating for the company in a report on Thursday, April 30th. Needham & Company LLC lifted their price target on Alkami Technology from $22.00 to $25.00 and gave the company a "buy" rating in a report on Monday. Weiss Ratings reiterated a "sell (e+)" rating on shares of Alkami Technology in a report on Friday, June 5th. Finally, JPMorgan Chase & Co. upped their price target on Alkami Technology from $19.00 to $24.00 and gave the company an "overweight" rating in a research report on Monday. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $23.80.
Check Out Our Latest Stock Analysis on Alkami Technology
Alkami Technology Company Profile
(
Free Report)
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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