Alkami Technology, Inc. $ALKT Shares Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd significantly increased its holdings in Alkami Technology, Inc. by 236.9% during the first quarter, bringing its total investment to approximately $735,000 with 28,015 shares owned.
• Insiders at Alkami Technology have been active in trading, with a director purchasing 229,391 shares for over $5 million, while the CFO sold 20,366 shares in a transaction worth over $500,000, indicating varied confidence levels among company executives.
• Recent stock analysis shows a consensus rating of "Moderate Buy" for Alkami Technology, with six analysts recommending a Buy rating and a target price of $39.25.

Dynamic Technology Lab Private Ltd boosted its stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 236.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,015 shares of the company's stock after buying an additional 19,700 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Alkami Technology were worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Alkami Technology by 6.7% during the first quarter. Vanguard Group Inc. now owns 7,949,573 shares of the company's stock worth $208,676,000 after buying an additional 501,722 shares during the period. Alliancebernstein L.P. grew its position in Alkami Technology by 5.8% during the first quarter. Alliancebernstein L.P. now owns 2,865,423 shares of the company's stock worth $75,217,000 after buying an additional 158,094 shares during the period. Champlain Investment Partners LLC lifted its holdings in shares of Alkami Technology by 64.0% in the first quarter. Champlain Investment Partners LLC now owns 2,583,053 shares of the company's stock valued at $67,805,000 after purchasing an additional 1,008,025 shares in the last quarter. Whale Rock Capital Management LLC purchased a new stake in shares of Alkami Technology in the fourth quarter valued at about $78,878,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Alkami Technology by 61.6% in the first quarter. Ameriprise Financial Inc. now owns 1,952,063 shares of the company's stock valued at $51,242,000 after purchasing an additional 743,884 shares in the last quarter. 54.97% of the stock is currently owned by institutional investors and hedge funds.

Alkami Technology Trading Down 0.0%

Shares of ALKT traded down $0.01 on Friday, hitting $25.29. 746,937 shares of the stock traded hands, compared to its average volume of 1,310,287. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $2.63 billion, a P/E ratio of -66.55 and a beta of 0.58. The stock's 50 day moving average is $25.30 and its two-hundred day moving average is $26.79. Alkami Technology, Inc. has a 1 year low of $19.94 and a 1 year high of $42.29.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. assumed coverage on shares of Alkami Technology in a report on Wednesday, June 18th. They issued an "overweight" rating and a $40.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Alkami Technology has a consensus rating of "Moderate Buy" and an average price target of $39.25.

Insider Activity at Alkami Technology

In related news, CFO W Bryan Hill sold 20,366 shares of the company's 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 $504,262.16. Following the transaction, the chief financial officer owned 409,889 shares of the company's stock, valued at approximately $10,148,851.64. This represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Prerna Sachdeva sold 2,967 shares of the company's 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 transaction, the chief accounting officer directly owned 66,061 shares in the company, valued at $1,635,670.36. The trade was a 4.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 1,396,162 shares of company stock valued at $29,692,440. Company insiders own 18.10% of the company's stock.

Alkami Technology Company 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.