Sculptor Capital LP Invests $2.44 Million in Alkami Technology, Inc. $ALKT

Key Points

• Sculptor Capital LP has acquired a new stake in Alkami Technology, purchasing 92,900 shares valued at approximately $2.4 million, representing about 0.09% of the company's stock.
• Insider trading activity includes CFO W Bryan Hill selling 20,365 shares for approximately $577,551, while other insiders purchased a total of 1.4 million shares worth nearly $30 million in the last 90 days.
• Analysts have set a price target of $40.00 for Alkami Technology, with an average rating of "Moderate Buy" based on recent coverage by JPMorgan Chase & Co.

Sculptor Capital LP acquired a new stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 92,900 shares of the company's stock, valued at approximately $2,439,000. Sculptor Capital LP owned about 0.09% of Alkami Technology as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Perkins Coie Trust Co lifted its holdings in shares of Alkami Technology by 62.5% in the 1st quarter. Perkins Coie Trust Co now owns 1,300 shares of the company's stock valued at $34,000 after acquiring an additional 500 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Alkami Technology during the first quarter worth approximately $36,000. Quarry LP purchased a new position in shares of Alkami Technology during the fourth quarter worth approximately $61,000. Amalgamated Bank increased its position in shares of Alkami Technology by 50.8% during the first quarter. Amalgamated Bank now owns 2,091 shares of the company's stock worth $55,000 after acquiring an additional 704 shares during the period. Finally, Summit Securities Group LLC purchased a new position in Alkami Technology during the first quarter valued at approximately $59,000. Institutional investors own 54.97% of the company's stock.

Insiders Place Their Bets

In other news, Director Atlantic Genpar (Bermu General acquired 650,000 shares of the business's stock in a transaction on Monday, August 11th. The stock was bought at an average price of $20.70 per share, with a total value of $13,455,000.00. Following the completion of the acquisition, the director owned 11,287,274 shares of the company's stock, valued at approximately $233,646,571.80. This represents a 6.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 1,396,162 shares of company stock valued at $29,692,440 over the last three months. 18.10% of the stock is currently owned by insiders.

Alkami Technology Stock Performance

ALKT traded up $0.24 on Wednesday, reaching $24.80. The stock had a trading volume of 904,792 shares, compared to its average volume of 1,206,002. Alkami Technology, Inc. has a 12-month low of $19.94 and a 12-month high of $42.29. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. The business's 50-day moving average price is $26.04 and its two-hundred day moving average price is $27.11. The company has a market cap of $2.58 billion, a P/E ratio of -65.26 and a beta of 0.58.

Analyst Upgrades and Downgrades

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

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.