Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Alkami Technology, Inc. (NASDAQ:ALKT). In a filing disclosed on May 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Alkami Technology stock on April 30th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Beiersdorf Aktiengesellschaft OTCMKTS: BDRFF on 5/2/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 4/29/2025.
• Sold $1,001 - $15,000 in shares of DXC Technology NYSE: DXC on 4/29/2025.
• Sold $1,001 - $15,000 in shares of DOW NYSE: DOW on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Zions Bancorporation, National Association NASDAQ: ZION on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of O'Reilly Automotive NASDAQ: ORLY on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of McKesson NYSE: MCK on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Humana NYSE: HUM on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 4/29/2025.

Alkami Technology Trading Up 2.1 %

NASDAQ:ALKT opened at $28.05 on Thursday. Alkami Technology, Inc. has a 1 year low of $21.70 and a 1 year high of $42.29. The business has a fifty day moving average of $25.88 and a 200-day moving average of $32.90. 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 stock has a market cap of $2.89 billion, a price-to-earnings ratio of -59.69 and a beta of 0.56.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($0.05) earnings per share 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 analyst estimates of $89.63 million. Equities analysts predict that Alkami Technology, Inc. will post -0.34 earnings per share for the current year.

Insider Activity at Alkami Technology

In other Alkami Technology news, CFO W Bryan Hill sold 17,409 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $30.41, for a total transaction of $529,407.69. Following the transaction, the chief financial officer now directly owns 450,620 shares of the company's stock, valued at $13,703,354.20. This represents a 3.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas A. Linebarger sold 4,358 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $30.41, for a total value of $132,526.78. Following the transaction, the insider now owns 244,404 shares in the company, valued at approximately $7,432,325.64. This trade represents a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp grew its holdings in shares of Alkami Technology by 40.5% during the 1st quarter. Mackenzie Financial Corp now owns 37,246 shares of the company's stock valued at $978,000 after acquiring an additional 10,737 shares in the last quarter. Royce & Associates LP grew its stake in Alkami Technology by 38.9% in the first quarter. Royce & Associates LP now owns 298,542 shares of the company's stock valued at $7,837,000 after purchasing an additional 83,532 shares in the last quarter. KLP Kapitalforvaltning AS increased its position in Alkami Technology by 39.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 15,200 shares of the company's stock worth $399,000 after purchasing an additional 4,300 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Alkami Technology by 8.2% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 129,357 shares of the company's stock worth $3,396,000 after purchasing an additional 9,835 shares in the last quarter. Finally, GW&K Investment Management LLC acquired a new stake in shares of Alkami Technology during the 1st quarter valued at about $5,330,000. Institutional investors and hedge funds own 54.97% of the company's stock.

Wall Street Analyst Weigh In

ALKT has been the subject of several research reports. The Goldman Sachs Group reduced their price objective on Alkami Technology from $39.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Barclays dropped their price target 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. Stephens raised shares of Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 price objective for the company in a research note on Thursday, March 13th. Needham & Company LLC dropped their target price 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. Finally, JMP Securities restated a "market outperform" rating and issued a $46.00 price target on shares of Alkami Technology in a research report on Thursday, May 1st. Two research 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 company has an average rating of "Moderate Buy" and an average target price of $39.88.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.

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