Nomura Holdings Inc. Acquires Shares of 82,564 Alkami Technology, Inc. $ALKT

Key Points

• Nomura Holdings Inc. has acquired 82,564 shares of Alkami Technology, Inc., valued at approximately $2.17 million, representing about 0.08% of the company.
• A significant increase in institutional investment is noted, with various firms like Whale Rock Capital and Champlain Investment Partners also increasing their stakes in Alkami Technology.
• Analysts have rated Alkami Technology with a consensus of "Moderate Buy," setting an average price target of $39.25, while the stock is trading down 4.1% to $24.56.

Nomura Holdings Inc. acquired a new stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 82,564 shares of the company's stock, valued at approximately $2,167,000. Nomura Holdings Inc. owned approximately 0.08% of Alkami Technology at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ALKT. Whale Rock Capital Management LLC bought a new stake in shares of Alkami Technology during the 4th quarter worth $78,878,000. Champlain Investment Partners LLC raised its stake in shares of Alkami Technology by 64.0% during the 1st quarter. Champlain Investment Partners LLC now owns 2,583,053 shares of the company's stock worth $67,805,000 after purchasing an additional 1,008,025 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Alkami Technology by 61.6% during the 1st quarter. Ameriprise Financial Inc. now owns 1,952,063 shares of the company's stock worth $51,242,000 after purchasing an additional 743,884 shares during the period. Long Path Partners LP raised its stake in shares of Alkami Technology by 304.4% during the 1st quarter. Long Path Partners LP now owns 685,532 shares of the company's stock worth $17,995,000 after purchasing an additional 516,034 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Alkami Technology by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 7,949,573 shares of the company's stock worth $208,676,000 after purchasing an additional 501,722 shares during the period. 54.97% of the stock is currently owned by institutional investors.

Insider Transactions at Alkami Technology

In other news, Director Atlantic Genpar (Bermu General acquired 229,391 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average cost of $22.44 per share, for a total transaction of $5,147,534.04. Following the purchase, the director owned 12,033,436 shares of the company's stock, valued at approximately $270,030,303.84. The trade was a 1.94% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders bought 1,396,162 shares of company stock valued at $29,692,440. Insiders own 18.10% of the company's stock.

Analysts Set New Price Targets

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

Alkami Technology Trading Down 4.1%

Shares of Alkami Technology stock opened at $24.56 on Wednesday. Alkami Technology, Inc. has a 52-week low of $19.94 and a 52-week high of $42.29. The stock's 50-day simple moving average is $26.04 and its 200 day simple moving average is $27.11. The stock has a market capitalization of $2.56 billion, a P/E ratio of -64.63 and a beta of 0.58. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 2.68.

About Alkami Technology

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.

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