DDD Partners LLC Acquires New Holdings in Alkami Technology, Inc. $ALKT

Key Points

• DDD Partners LLC established a new position in Alkami Technology, buying 76,212 shares in Q4 valued at about $1.76 million, equal to roughly 0.07% of the company.
• Significant insider buying: directors Atlantic Genpar and Atlantic L.P. purchased 500,000 and 900,000 shares respectively (around $18.33–$18.41/share), with insiders buying 3,351,515 shares (~$59.8M) in the past 90 days and now owning 18.10% of the stock.
• Analyst outlook is mixed: several firms recently cut targets (Barclays, Needham, JPMorgan, Citizens), the consensus rating is "Hold" (4 Buy, 3 Hold, 1 Sell) with an average price target of $26.67 versus the recent share price near $15.67.

DDD Partners LLC bought a new position in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 76,212 shares of the company's stock, valued at approximately $1,758,000. DDD Partners LLC owned about 0.07% of Alkami Technology at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Mutual of America Capital Management LLC bought a new stake in shares of Alkami Technology in the third quarter worth $1,831,000. JANA Partners Management LP bought a new stake in shares of Alkami Technology in the third quarter worth $47,008,000. Chicago Capital LLC bought a new stake in shares of Alkami Technology in the third quarter worth $33,665,000. Algebris UK Ltd. bought a new stake in shares of Alkami Technology in the third quarter worth $12,728,000. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Alkami Technology by 160.0% in the third quarter. Westfield Capital Management Co. LP now owns 3,095,058 shares of the company's stock worth $76,881,000 after acquiring an additional 1,904,474 shares during the period. Institutional investors own 54.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ALKT shares. Barclays cut their price objective on Alkami Technology from $25.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, February 26th. Needham & Company LLC cut their target price on shares of Alkami Technology from $32.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Citizens Jmp cut their target price on shares of Alkami Technology from $40.00 to $28.00 and set a "market outperform" rating for the company in a research report on Thursday, February 26th. Weiss Ratings restated a "sell (d-)" rating on shares of Alkami Technology in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of Alkami Technology from $38.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, February 18th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.67.

Insider Buying and Selling at Alkami Technology

In other news, Director Atlantic Genpar (Bermu General purchased 500,000 shares of the company's stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of $18.33 per share, for a total transaction of $9,165,000.00. Following the completion of the transaction, the director directly owned 15,379,451 shares in the company, valued at $281,905,336.83. This trade represents a 3.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Atlantic L.P. General purchased 900,000 shares of the company's stock in a transaction on Wednesday, March 11th. The stock was purchased at an average price of $18.41 per share, with a total value of $16,569,000.00. Following the completion of the transaction, the director owned 14,879,451 shares of the company's stock, valued at approximately $273,930,692.91. This trade represents a 6.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 3,351,515 shares of company stock valued at $59,829,413 and have sold 13,739 shares valued at $232,189. Company insiders own 18.10% of the company's stock.

Alkami Technology Stock Performance

NASDAQ:ALKT opened at $15.67 on Friday. The stock has a 50-day simple moving average of $16.88 and a two-hundred day simple moving average of $20.35. Alkami Technology, Inc. has a 52-week low of $14.11 and a 52-week high of $31.66. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a market capitalization of $1.68 billion, a PE ratio of -34.07 and a beta of 0.57.

Alkami Technology Profile

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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