Deutsche Bank AG Buys 71,621 Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

Deutsche Bank AG raised its holdings in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 75.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 166,336 shares of the company's stock after buying an additional 71,621 shares during the quarter. Deutsche Bank AG owned about 0.17% of Alkami Technology worth $6,101,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ALKT. Essex Investment Management Co. LLC bought a new stake in shares of Alkami Technology in the 4th quarter worth approximately $34,000. Quarry LP bought a new stake in shares of Alkami Technology in the 4th quarter worth approximately $61,000. Blue Trust Inc. grew its position in shares of Alkami Technology by 162.6% in the 4th quarter. Blue Trust Inc. now owns 3,188 shares of the company's stock worth $117,000 after buying an additional 1,974 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Alkami Technology by 73.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,031 shares of the company's stock worth $148,000 after buying an additional 1,710 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Alkami Technology in the 4th quarter worth approximately $203,000. 54.97% of the stock is currently owned by institutional investors.

Insider Activity at Alkami Technology

In related news, CFO W Bryan Hill sold 17,409 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $30.41, for a total transaction of $529,407.69. Following the completion of the sale, the chief financial officer now owns 450,620 shares in the company, valued at approximately $13,703,354.20. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph P. Payne purchased 8,200 shares of the business's stock in a transaction on Thursday, May 15th. The shares were bought at an average cost of $30.46 per share, with a total value of $249,772.00. Following the acquisition, the director now directly owns 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. 18.10% of the stock is owned by company insiders.

Alkami Technology Stock Down 0.7%

Shares of ALKT stock traded down $0.19 during mid-day trading on Friday, hitting $29.02. The company's stock had a trading volume of 623,570 shares, compared to its average volume of 851,480. Alkami Technology, Inc. has a 52-week low of $21.70 and a 52-week high of $42.29. The business has a 50-day moving average price of $26.80 and a 200 day moving average price of $32.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of -61.74 and a beta of 0.56.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.13). The firm had revenue of $89.66 million for the quarter, compared to analysts' expectations of $89.63 million. Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.31%. Research analysts predict that Alkami Technology, Inc. will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ALKT has been the topic of a number of recent analyst reports. Stephens upgraded 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. JMP Securities reiterated a "market outperform" rating and issued a $46.00 price objective on shares of Alkami Technology in a research report on Thursday, May 1st. Barclays dropped their price target on Alkami Technology from $35.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC dropped their price target 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, Lake Street Capital dropped their price target on Alkami Technology from $47.00 to $41.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.88.

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.