UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 117,939 shares of the company's stock after purchasing an additional 32,617 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of Alkami Technology worth $4,326,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Essex Investment Management Co. LLC purchased a new stake in Alkami Technology during the 4th quarter worth approximately $34,000. Quarry LP purchased a new stake in Alkami Technology during the 4th quarter worth approximately $61,000. Blue Trust Inc. grew its position in Alkami Technology by 162.6% during the 4th quarter. Blue Trust Inc. now owns 3,188 shares of the company's stock worth $117,000 after purchasing an additional 1,974 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Alkami Technology by 73.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,031 shares of the company's stock worth $148,000 after purchasing an additional 1,710 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in Alkami Technology during the 4th quarter worth approximately $203,000. Hedge funds and other institutional investors own 54.97% of the company's stock.
Alkami Technology Stock Performance
Shares of ALKT traded up $0.02 during trading hours on Friday, hitting $30.46. The stock had a trading volume of 763,814 shares, compared to its average volume of 866,588. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The firm has a 50-day moving average price of $27.30 and a 200 day moving average price of $31.69. Alkami Technology, Inc. has a fifty-two week low of $21.70 and a fifty-two week high of $42.29. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of -64.81 and a beta of 0.58.
Wall Street Analyst Weigh In
Several research firms have recently commented on ALKT. Lake Street Capital dropped their price objective on shares of Alkami Technology from $47.00 to $41.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Needham & Company LLC dropped their price objective on shares of Alkami Technology from $54.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Stephens raised shares of Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 price objective on the stock in a report on Thursday, March 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $46.00 price objective on shares of Alkami Technology in a report on Thursday, May 1st. Finally, The Goldman Sachs Group dropped their price objective on shares of Alkami Technology from $39.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.88.
Check Out Our Latest Analysis on ALKT
Insider Activity at Alkami Technology
In related news, insider Douglas A. Linebarger sold 7,170 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $28.36, for a total value of $203,341.20. Following the completion of the transaction, the insider now directly owns 238,172 shares in the company, valued at $6,754,557.92. The trade was a 2.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph P. Payne bought 8,200 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was purchased at an average price of $30.46 per share, with a total value of $249,772.00. Following the completion of the purchase, the director now owns 21,128 shares in the company, valued at approximately $643,558.88. This trade represents a 63.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 27,690 shares of company stock worth $785,288 in the last three months. Company insiders own 18.10% of the company's stock.
About Alkami Technology
(
Free Report)
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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