Bessemer Group Inc. raised its holdings in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 69.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,907 shares of the company's stock after acquiring an additional 17,167 shares during the quarter. Bessemer Group Inc.'s holdings in Alkami Technology were worth $1,100,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in ALKT. Essex Investment Management Co. LLC acquired a new stake in Alkami Technology during the 4th quarter worth approximately $34,000. Perkins Coie Trust Co boosted its holdings in Alkami Technology by 62.5% in the first quarter. Perkins Coie Trust Co now owns 1,300 shares of the company's stock valued at $34,000 after acquiring an additional 500 shares during the last quarter. Versant Capital Management Inc acquired a new position in Alkami Technology in the first quarter valued at $36,000. Quarry LP acquired a new position in Alkami Technology in the fourth quarter valued at $61,000. Finally, NBC Securities Inc. boosted its holdings in Alkami Technology by 114,550.0% in the first quarter. NBC Securities Inc. now owns 2,293 shares of the company's stock valued at $60,000 after acquiring an additional 2,291 shares during the last quarter. 54.97% of the stock is owned by institutional investors and hedge funds.
Alkami Technology Stock Up 4.8%
Shares of NASDAQ:ALKT traded up $1.40 during midday trading on Friday, hitting $30.63. 619,664 shares of the stock were exchanged, compared to its average volume of 909,617. The company has a market capitalization of $3.15 billion, a PE ratio of -80.59 and a beta of 0.59. Alkami Technology, Inc. has a 52-week low of $21.70 and a 52-week high of $42.29. The business's fifty day simple moving average is $28.96 and its two-hundred day simple moving average is $30.33. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.75 and a current ratio of 2.75.
Insider Buying and Selling
In other Alkami Technology news, insider Douglas A. Linebarger sold 7,170 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $28.36, for a total transaction of $203,341.20. Following the completion of the sale, the insider directly owned 238,172 shares in the company, valued at $6,754,557.92. This represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph P. Payne bought 8,200 shares of Alkami Technology stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average price of $30.46 per share, with a total value of $249,772.00. Following the purchase, the director owned 21,128 shares of the company's stock, valued at $643,558.88. This trade represents a 63.43% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 27,690 shares of company stock worth $785,288. Corporate insiders own 18.10% of the company's stock.
Wall Street Analysts Forecast Growth
ALKT has been the topic of a number of research analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $46.00 target price on shares of Alkami Technology in a report on Thursday, May 1st. Barclays reduced their target price on Alkami Technology from $35.00 to $30.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Stephens raised Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 price objective on the stock in a research report on Thursday, March 13th. Needham & Company LLC cut their price objective on Alkami Technology from $54.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. assumed coverage on Alkami Technology in a research report on Wednesday, June 18th. They issued an "overweight" rating and a $40.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.25.
Read Our Latest Research Report on ALKT
Alkami Technology Profile
(
Free Report)
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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