Rice Hall James & Associates LLC bought a new position in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 121,675 shares of the company's stock, valued at approximately $2,205,000. Rice Hall James & Associates LLC owned 0.11% of Alkami Technology as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Summit Securities Group LLC grew its holdings in Alkami Technology by 84.2% during the first quarter. Summit Securities Group LLC now owns 1,842 shares of the company's stock valued at $29,000 after purchasing an additional 842 shares during the period. Smartleaf Asset Management LLC increased its position in Alkami Technology by 91.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,447 shares of the company's stock worth $34,000 after buying an additional 692 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Alkami Technology by 398.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,146 shares of the company's stock worth $35,000 after buying an additional 916 shares during the period. Optiver Holding B.V. bought a new position in shares of Alkami Technology in the first quarter worth about $36,000. Finally, Essential Partners LLC lifted its position in shares of Alkami Technology by 7,090.9% during the 1st quarter. Essential Partners LLC now owns 2,373 shares of the company's stock valued at $37,000 after buying an additional 2,340 shares in the last quarter. 54.97% of the stock is currently owned by hedge funds and other institutional investors.
Alkami Technology Price Performance
Alkami Technology stock opened at $20.14 on Wednesday. The firm's fifty day moving average is $17.63 and its 200 day moving average is $17.16. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.98. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -47.95 and a beta of 0.58. Alkami Technology, Inc. has a 52-week low of $13.98 and a 52-week high of $26.89.
Alkami Technology (NASDAQ:ALKT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.23). The business had revenue of $129.84 million during the quarter, compared to the consensus estimate 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 was up 15.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.13) EPS. Sell-side analysts forecast that Alkami Technology, Inc. will post 0.14 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on ALKT. JPMorgan Chase & Co. cut their price objective on Alkami Technology from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Monday, June 22nd. Citizens Jmp decreased their target price on shares of Alkami Technology from $28.00 to $23.00 and set a "market outperform" rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Alkami Technology in a report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $22.20.
View Our Latest Stock Analysis on Alkami Technology
About Alkami Technology
(
Free Report)
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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