W Bryan Hill Sells 20,365 Shares of Alkami Technology, Inc. (NASDAQ:ALKT) Stock

Alkami Technology, Inc. (NASDAQ:ALKT - Get Free Report) CFO W Bryan Hill sold 20,365 shares of Alkami Technology stock in a transaction dated Monday, June 2nd. The stock was 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 owns 430,255 shares of the company's stock, valued at $12,202,031.80. This trade represents a 4.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alkami Technology Stock Up 1.3%

Shares of ALKT stock traded up $0.38 on Thursday, hitting $30.44. The stock had a trading volume of 1,125,479 shares, compared to its average volume of 863,375. The business has a 50 day moving average of $27.14 and a 200 day moving average of $31.78. The stock has a market cap of $3.14 billion, a price-to-earnings 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. Alkami Technology, Inc. has a 12-month low of $21.70 and a 12-month high of $42.29.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ALKT shares. Needham & Company LLC lowered their price objective on shares of Alkami Technology from $54.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. JMP Securities reissued a "market outperform" rating and set a $46.00 target price on shares of Alkami Technology in a report on Thursday, May 1st. Stephens raised shares of Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 target price on the stock in a report on Thursday, March 13th. The Goldman Sachs Group reduced their target price 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. Finally, Lake Street Capital reduced their target price on shares of Alkami Technology from $47.00 to $41.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $39.88.

Institutional Trading of Alkami Technology

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bosun Asset Management LLC boosted its position in shares of Alkami Technology by 1.4% in the fourth quarter. Bosun Asset Management LLC now owns 23,151 shares of the company's stock valued at $849,000 after acquiring an additional 313 shares during the period. Perkins Coie Trust Co increased its stake 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 during the period. Covestor Ltd increased its stake in shares of Alkami Technology by 18.8% in the first quarter. Covestor Ltd now owns 3,252 shares of the company's stock worth $85,000 after buying an additional 514 shares during the period. Amundi increased its stake in shares of Alkami Technology by 1.9% in the first quarter. Amundi now owns 29,040 shares of the company's stock worth $731,000 after buying an additional 548 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Alkami Technology by 32.4% in the first quarter. Advisors Asset Management Inc. now owns 2,425 shares of the company's stock valued at $64,000 after acquiring an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 54.97% 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.