93,292 Shares of Alkami Technology, Inc. $ALKT Purchased by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 93,292 shares of the company's stock, valued at approximately $1,277,000. CenterBook Partners LP owned approximately 0.09% of Alkami Technology at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue raised its position in Alkami Technology by 17.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,748 shares of the company's stock valued at $78,000 after buying an additional 870 shares during the last quarter. IFP Advisors Inc lifted its stake in Alkami Technology by 46,900.0% in the 2nd quarter. IFP Advisors Inc now owns 1,410 shares of the company's stock valued at $26,000 after acquiring an additional 1,407 shares in the last quarter. Sterling Capital Management LLC boosted its position in Alkami Technology by 779.9% during the 3rd quarter. Sterling Capital Management LLC now owns 2,103 shares of the company's stock worth $29,000 after acquiring an additional 1,864 shares during the last quarter. State of Wyoming boosted its position in Alkami Technology by 42.8% during the 1st quarter. State of Wyoming now owns 6,508 shares of the company's stock worth $102,000 after acquiring an additional 1,951 shares during the last quarter. Finally, Optiver Holding B.V. acquired a new position in Alkami Technology during the 1st quarter worth approximately $36,000. 54.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ALKT. Citigroup downgraded shares of Alkami Technology from a "market outperform" rating to a "market perform" rating in a report on Thursday, October 29th. Needham & Company LLC reduced their target price on shares of Alkami Technology from $25.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, October 29th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Alkami Technology in a research report on Wednesday, September 2nd. Citizens Jmp downgraded shares of Alkami Technology from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 29th. Finally, Craig Hallum lowered shares of Alkami Technology from a "buy" rating to a "hold" rating and set a $16.00 price target on the stock. in a research note on Thursday, October 29th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $17.60.

Alkami Technology Trading Up 6.0%

NASDAQ ALKT opened at $14.22 on Tuesday. The company has a market cap of $1.52 billion, a PE ratio of -41.82 and a beta of 0.52. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.99. Alkami Technology, Inc. has a 12 month low of $12.10 and a 12 month high of $24.47. The stock has a 50 day moving average of $15.80 and a 200-day moving average of $17.06.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.26). The firm had revenue of $134.91 million for the quarter, compared to analyst estimates of $133.54 million. Alkami Technology had a negative return on equity of 4.75% and a negative net margin of 7.24%. Alkami Technology's quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. On average, equities research analysts anticipate that Alkami Technology, Inc. will post 0.17 EPS for the current fiscal year.

Alkami Technology Company Profile

Want to see what other hedge funds are holding ALKT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alkami Technology, Inc. (NASDAQ:ALKT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.