Allspring Global Investments Holdings LLC Purchases Shares of 189,354 Alkami Technology, Inc. $ALKT

Allspring Global Investments Holdings LLC purchased a new stake in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 189,354 shares of the company's stock, valued at approximately $5,707,000. Allspring Global Investments Holdings LLC owned approximately 0.18% of Alkami Technology as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALKT. CWM LLC boosted its position in Alkami Technology by 176.2% in the second quarter. CWM LLC now owns 942 shares of the company's stock valued at $28,000 after buying an additional 601 shares in the last quarter. Amalgamated Bank lifted its position in shares of Alkami Technology by 50.8% during the first quarter. Amalgamated Bank now owns 2,091 shares of the company's stock worth $55,000 after purchasing an additional 704 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Alkami Technology by 27.6% during the second quarter. Blue Trust Inc. now owns 1,852 shares of the company's stock worth $56,000 after purchasing an additional 401 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Alkami Technology during the first quarter worth approximately $59,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Alkami Technology by 32.4% during the first quarter. Advisors Asset Management Inc. now owns 2,425 shares of the company's stock worth $64,000 after purchasing an additional 594 shares in the last quarter. 54.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alkami Technology

In other Alkami Technology news, Director Atlantic Genpar (Bermu General acquired 650,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average cost of $20.70 per share, for a total transaction of $13,455,000.00. Following the completion of the acquisition, the director directly owned 11,287,274 shares of the company's stock, valued at approximately $233,646,571.80. This represents a 6.11% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Prerna Sachdeva sold 2,967 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $24.76, for a total transaction of $73,462.92. Following the completion of the transaction, the chief accounting officer owned 66,061 shares in the company, valued at $1,635,670.36. This represents a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired 1,396,162 shares of company stock worth $29,692,440 over the last ninety days. Company insiders own 18.10% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Alkami Technology in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.25.

Alkami Technology Trading Down 1.2%

ALKT opened at $22.17 on Monday. The firm has a 50 day simple moving average of $24.34 and a 200 day simple moving average of $26.37. Alkami Technology, Inc. has a fifty-two week low of $19.94 and a fifty-two week high of $42.29. The company has a market cap of $2.31 billion, a price-to-earnings ratio of -58.34 and a beta of 0.57. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.68 and a quick ratio of 2.68.

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.

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