73,725 Shares in Alkami Technology, Inc. (NASDAQ:ALKT) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 73,725 shares of the company's stock, valued at approximately $2,704,000. Jefferies Financial Group Inc. owned about 0.07% of Alkami Technology at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Bosun Asset Management LLC lifted its holdings in shares of Alkami Technology by 1.4% in the 4th quarter. Bosun Asset Management LLC now owns 23,151 shares of the company's stock worth $849,000 after purchasing an additional 313 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Alkami Technology by 10.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 6,727 shares of the company's stock worth $247,000 after purchasing an additional 615 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Alkami Technology in the 4th quarter worth approximately $34,000. Summit Investment Advisors Inc. lifted its holdings in shares of Alkami Technology by 28.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,553 shares of the company's stock worth $204,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Mariner LLC lifted its holdings in shares of Alkami Technology by 25.3% in the 4th quarter. Mariner LLC now owns 8,080 shares of the company's stock worth $296,000 after purchasing an additional 1,630 shares during the last quarter. Institutional investors own 54.97% of the company's stock.

Alkami Technology Price Performance

Shares of ALKT traded up $0.40 during midday trading on Friday, reaching $30.89. The stock had a trading volume of 805,184 shares, compared to its average volume of 850,333. Alkami Technology, Inc. has a 52 week low of $21.70 and a 52 week high of $42.29. 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 firm's 50 day moving average price is $26.33 and its 200-day moving average price is $32.51. The company has a market capitalization of $3.18 billion, a P/E ratio of -65.72 and a beta of 0.56.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.13). Alkami Technology had a negative return on equity of 11.31% and a negative net margin of 14.55%. The firm had revenue of $89.66 million during the quarter, compared to the consensus estimate of $89.63 million. On average, analysts forecast that Alkami Technology, Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ALKT has been the topic of several recent analyst reports. Stephens raised Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 target price on the stock in a research note on Thursday, March 13th. Needham & Company LLC cut their target price on Alkami Technology from $54.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Lake Street Capital cut their target price on Alkami Technology from $47.00 to $41.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Barclays cut their target price on Alkami Technology from $35.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $46.00 target price on shares of Alkami Technology in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $39.88.

Insider Transactions at Alkami Technology

In related news, CFO W Bryan Hill sold 17,409 shares of Alkami Technology stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $30.41, for a total value of $529,407.69. Following the transaction, the chief financial officer now directly owns 450,620 shares in the company, valued at $13,703,354.20. The trade was a 3.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 bought at an average price of $30.46 per share, for a total transaction of $249,772.00. Following the completion of the acquisition, the director now directly owns 21,128 shares in the company, valued at approximately $643,558.88. The trade was a 63.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 18.10% of the company's stock.

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.