Universal Beteiligungs und Servicegesellschaft mbH Grows Position in Alkami Technology, Inc. (NASDAQ:ALKT)

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,357 shares of the company's stock after buying an additional 9,835 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Alkami Technology worth $3,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Perkins Coie Trust Co lifted its holdings in shares of Alkami Technology by 62.5% in the first quarter. Perkins Coie Trust Co now owns 1,300 shares of the company's stock worth $34,000 after buying an additional 500 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Alkami Technology in the first quarter worth about $36,000. Quarry LP purchased a new stake in shares of Alkami Technology in the fourth quarter worth about $61,000. Amalgamated Bank lifted its holdings in shares of Alkami Technology by 50.8% in the first quarter. Amalgamated Bank now owns 2,091 shares of the company's stock worth $55,000 after buying an additional 704 shares in the last quarter. Finally, NBC Securities Inc. lifted its holdings in shares of Alkami Technology by 114,550.0% in the first quarter. NBC Securities Inc. now owns 2,293 shares of the company's stock worth $60,000 after buying an additional 2,291 shares in the last quarter. 54.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alkami Technology

In other Alkami Technology news, Director Joseph P. Payne purchased 8,200 shares of Alkami Technology stock in a transaction on Thursday, May 15th. The shares were acquired at an average cost of $30.46 per share, for a total transaction of $249,772.00. Following the completion of the transaction, the director directly owned 21,128 shares of the company's stock, valued at approximately $643,558.88. The trade was a 63.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO W Bryan Hill sold 20,365 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $28.36, for a total transaction of $577,551.40. Following the transaction, the chief financial officer owned 430,255 shares in the company, valued at $12,202,031.80. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,690 shares of company stock worth $785,288 over the last ninety days. Insiders own 18.10% of the company's stock.

Alkami Technology Price Performance

NASDAQ ALKT traded down $1.30 on Friday, reaching $20.99. 1,086,012 shares of the company's stock traded hands, compared to its average volume of 1,115,914. Alkami Technology, Inc. has a 12 month low of $21.04 and a 12 month high of $42.29. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.75 and a quick ratio of 2.75. The stock has a 50-day simple moving average of $28.72 and a 200 day simple moving average of $29.06. The stock has a market cap of $2.16 billion, a PE ratio of -55.13 and a beta of 0.59.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays lowered their price target on shares of Alkami Technology from $35.00 to $30.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Needham & Company LLC decreased their price objective on shares of Alkami Technology from $54.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. JMP Securities restated a "market outperform" rating and issued a $46.00 price objective on shares of Alkami Technology in a research report on Thursday, May 1st. Lake Street Capital decreased their price objective on shares of Alkami Technology from $47.00 to $41.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. started coverage on shares of Alkami Technology in a research report on Wednesday, June 18th. They issued an "overweight" rating and a $40.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.25.

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.