Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Alkami Technology, Inc. (NASDAQ:ALKT)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 119,522 shares of the company's stock, valued at approximately $4,384,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Alkami Technology at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in shares of Alkami Technology by 5,747.1% in the 4th quarter. Alliancebernstein L.P. now owns 2,707,329 shares of the company's stock valued at $99,305,000 after buying an additional 2,661,027 shares during the period. Whale Rock Capital Management LLC acquired a new position in Alkami Technology in the fourth quarter valued at approximately $78,878,000. Champlain Investment Partners LLC acquired a new position in Alkami Technology in the fourth quarter valued at approximately $57,772,000. Invesco Ltd. boosted its position in Alkami Technology by 353.1% in the 4th quarter. Invesco Ltd. now owns 1,456,136 shares of the company's stock worth $53,411,000 after purchasing an additional 1,134,746 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Alkami Technology by 278.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,435,370 shares of the company's stock worth $52,649,000 after purchasing an additional 1,055,828 shares during the period. Institutional investors and hedge funds own 54.97% of the company's stock.

Alkami Technology Price Performance

ALKT traded up $0.38 on Thursday, reaching $30.44. 1,125,479 shares of the company's stock were exchanged, compared to its average volume of 864,780. Alkami Technology, Inc. has a twelve month low of $21.70 and a twelve month high of $42.29. The stock has a market cap of $3.14 billion, a PE ratio of -64.77 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.52 and a quick ratio of 3.52. The stock's fifty day moving average price is $27.22 and its 200-day moving average price is $31.74.

Insider Activity at Alkami Technology

In other news, Director Joseph P. Payne purchased 8,200 shares of the stock in a transaction dated Thursday, May 15th. The shares were purchased at an average price of $30.46 per share, with a total value of $249,772.00. Following the transaction, the director now owns 21,128 shares in the company, valued at $643,558.88. The trade was a 63.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO W Bryan Hill sold 20,365 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $28.36, for a total transaction of $577,551.40. Following the completion of the sale, the chief financial officer now directly owns 430,255 shares of the company's stock, valued at $12,202,031.80. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,690 shares of company stock valued at $785,288. 18.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ALKT. Lake Street Capital decreased their target price on shares of Alkami Technology from $47.00 to $41.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group decreased 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. Barclays cut their target price on shares of Alkami Technology from $35.00 to $30.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Stephens raised shares of Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 price target on the stock in a research note on Thursday, March 13th. Finally, Needham & Company LLC cut their price objective on Alkami Technology from $54.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $39.88.

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.