73,725 Shares in Alkami Technology, Inc. (NASDAQ:ALKT) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 73,725 shares of the company's stock, valued at approximately $2,704,000. Jefferies Financial Group Inc. owned about 0.07% of Alkami Technology as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC boosted its stake in Alkami Technology by 108.2% during the third quarter. Barclays PLC now owns 95,391 shares of the company's stock worth $3,009,000 after buying an additional 49,580 shares in the last quarter. Blue Trust Inc. raised its position in Alkami Technology by 162.6% in the 4th quarter. Blue Trust Inc. now owns 3,188 shares of the company's stock valued at $117,000 after purchasing an additional 1,974 shares during the last quarter. Hodges Capital Management Inc. lifted its position in Alkami Technology by 1.6% during the 4th quarter. Hodges Capital Management Inc. now owns 211,570 shares of the company's stock worth $7,760,000 after buying an additional 3,337 shares in the last quarter. Calamos Advisors LLC acquired a new stake in shares of Alkami Technology in the fourth quarter valued at approximately $2,269,000. Finally, Entropy Technologies LP bought a new position in Alkami Technology in the fourth quarter valued at about $341,000. Institutional investors own 54.97% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ALKT. The Goldman Sachs Group dropped their price target on shares of Alkami Technology from $39.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Needham & Company LLC dropped their target price on shares of Alkami Technology from $54.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Stephens raised Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 price target on the stock in a research note on Thursday, March 13th. JMP Securities reaffirmed a "market outperform" rating and set a $46.00 price objective on shares of Alkami Technology in a research note on Thursday, May 1st. Finally, Lake Street Capital dropped their price objective on Alkami Technology from $47.00 to $41.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.88.

Alkami Technology Trading Down 0.7%

NASDAQ:ALKT traded down $0.21 on Thursday, reaching $28.68. The company's stock had a trading volume of 690,153 shares, compared to its average volume of 852,120. Alkami Technology, Inc. has a 1-year low of $21.70 and a 1-year high of $42.29. The business's 50-day moving average price is $26.96 and its two-hundred day moving average price is $32.06. The firm has a market cap of $2.95 billion, a PE ratio of -61.02 and a beta of 0.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52.

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

Insider Buying and Selling at Alkami Technology

In other Alkami Technology news, insider Douglas A. Linebarger sold 4,358 shares of Alkami Technology stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $30.41, for a total value of $132,526.78. Following the sale, the insider now owns 244,404 shares of the company's stock, valued at $7,432,325.64. This trade represents a 1.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO W Bryan Hill sold 17,409 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $30.41, for a total value 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 trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.