George Kaiser Family Foundation Acquires New Holdings in Alkami Technology, Inc. $ALKT

Key Points

• George Kaiser Family Foundation acquired 105,707 Alkami Technology shares worth approximately $1.915 million in the second quarter, giving it a 0.10% stake. Institutional investors collectively own 54.97% of the company.
• Alkami reported quarterly revenue of $129.84 million, up 15.8% year over year and slightly above estimates, but its loss of $0.08 per share missed the consensus estimate of $0.15 in earnings.
• Analyst sentiment is mixed, with three Buy ratings, three Holds and one Sell; the stock carries an overall “Hold” rating and an average price target of $22.20, versus a recent price of $20.38.

George Kaiser Family Foundation bought a new stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 105,707 shares of the company's stock, valued at approximately $1,915,000. Alkami Technology accounts for 0.2% of George Kaiser Family Foundation's investment portfolio, making the stock its 24th largest position. George Kaiser Family Foundation owned 0.10% of Alkami Technology at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Amundi boosted its position in shares of Alkami Technology by 1.9% during the first quarter. Amundi now owns 29,040 shares of the company's stock worth $731,000 after buying an additional 548 shares during the period. Advisors Asset Management Inc. increased its position in Alkami Technology by 32.4% in the 1st quarter. Advisors Asset Management Inc. now owns 2,425 shares of the company's stock valued at $64,000 after acquiring an additional 594 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Alkami Technology by 19.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,081 shares of the company's stock valued at $947,000 after acquiring an additional 5,884 shares during the period. Millennium Management LLC raised its stake in Alkami Technology by 64.7% during the 1st quarter. Millennium Management LLC now owns 698,677 shares of the company's stock valued at $18,340,000 after acquiring an additional 274,439 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Alkami Technology by 11.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 720,770 shares of the company's stock worth $18,920,000 after acquiring an additional 71,949 shares during the period. Institutional investors own 54.97% of the company's stock.

Alkami Technology Stock Performance

ALKT opened at $20.38 on Friday. The business has a 50 day moving average price of $17.93 and a two-hundred day moving average price of $17.16. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.13 and a quick ratio of 2.13. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -48.52 and a beta of 0.58. Alkami Technology, Inc. has a 1-year low of $13.98 and a 1-year high of $26.89.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.23). The firm had revenue of $129.84 million for the quarter, compared to analyst estimates of $128.70 million. Alkami Technology had a negative net margin of 9.21% and a negative return on equity of 7.68%. The firm's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.13) earnings per share. Research analysts predict that Alkami Technology, Inc. will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ALKT. Weiss Ratings reissued a "sell (e+)" rating on shares of Alkami Technology in a research note on Friday, June 5th. JPMorgan Chase & Co. reduced their price objective on shares of Alkami Technology from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, June 22nd. Finally, Citizens Jmp decreased their target price on shares of Alkami Technology from $28.00 to $23.00 and set a "market outperform" rating for the company in a research report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Alkami Technology currently has an average rating of "Hold" and an average target price of $22.20.

About Alkami Technology

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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