Tudor Investment Corp ET AL Sells 117,238 Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

Tudor Investment Corp ET AL trimmed its stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 80.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,948 shares of the company's stock after selling 117,238 shares during the period. Tudor Investment Corp ET AL's holdings in Alkami Technology were worth $1,062,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Essex Investment Management Co. LLC bought a new stake in shares of Alkami Technology in the 4th quarter valued at $34,000. Quarry LP bought a new position in shares of Alkami Technology during the 4th quarter valued at about $61,000. Blue Trust Inc. increased its stake 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 in the last quarter. Tower Research Capital LLC TRC raised its holdings 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 buying an additional 1,710 shares during the period. Finally, Bank of Montreal Can acquired a new stake in shares of Alkami Technology in the 4th quarter valued at approximately $203,000. 54.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JMP Securities reiterated a "market outperform" rating and set a $46.00 price target on shares of Alkami Technology in a report on Thursday, May 1st. The Goldman Sachs Group dropped their price target on Alkami Technology from $39.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. 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 report on Thursday, March 13th. Barclays dropped their price objective on shares of Alkami Technology from $35.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Finally, Lake Street Capital decreased their price target on shares of Alkami Technology from $47.00 to $41.00 and set a "buy" rating on the stock 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. Based on data from MarketBeat.com, Alkami Technology has an average rating of "Moderate Buy" and a consensus price target of $39.88.

Insider Activity

In other news, insider Douglas A. Linebarger sold 4,358 shares of the business's stock in a transaction that occurred on 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. The trade was a 1.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO W Bryan Hill sold 17,409 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $30.41, for a total transaction of $529,407.69. Following the sale, the chief financial officer now owns 450,620 shares of the company's stock, valued at approximately $13,703,354.20. This trade represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.10% of the company's stock.

Alkami Technology Trading Down 0.1 %

Shares of ALKT stock traded down $0.03 during mid-day trading on Friday, reaching $29.41. 771,167 shares of the stock traded hands, compared to its average volume of 839,078. The company has a market cap of $3.03 billion, a price-to-earnings ratio of -62.57 and a beta of 0.56. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. The stock's fifty day simple moving average is $25.89 and its two-hundred day simple moving average is $32.78. Alkami Technology, Inc. has a 1-year low of $21.70 and a 1-year high of $42.29.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last posted 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). The business had revenue of $89.66 million for the quarter, compared to the consensus estimate of $89.63 million. Alkami Technology had a negative return on equity of 11.31% and a negative net margin of 14.55%. On average, research analysts anticipate that Alkami Technology, Inc. will post -0.34 EPS for the current fiscal year.

Alkami Technology 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.