Analysts Set Alkami Technology, Inc. (NASDAQ:ALKT) Price Target at $37.44

Alkami Technology, Inc. (NASDAQ:ALKT - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the ten research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $37.44.

Several research firms have recently weighed in on ALKT. Needham & Company LLC upped their price target on shares of Alkami Technology from $43.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, October 31st. JMP Securities upped their price target on shares of Alkami Technology from $38.00 to $41.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 29th. The Goldman Sachs Group upped their price target on shares of Alkami Technology from $34.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Craig Hallum upped their price target on shares of Alkami Technology from $38.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Barclays upped their price target on shares of Alkami Technology from $35.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st.

Insider Activity at Alkami Technology

In other news, Director Atlantic Genpar (Bermu General sold 3,000,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $39.75, for a total transaction of $119,250,000.00. Following the completion of the transaction, the director now owns 9,680,049 shares in the company, valued at approximately $384,781,947.75. This represents a 23.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO W Bryan Hill sold 17,937 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $31.59, for a total value of $566,629.83. Following the transaction, the chief financial officer now owns 471,403 shares of the company's stock, valued at $14,891,620.77. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,360,428 shares of company stock valued at $244,916,568. 38.00% of the stock is owned by insiders.

Institutional Trading of Alkami Technology

Several institutional investors and hedge funds have recently modified their holdings of the business. Trust Point Inc. bought a new position in Alkami Technology during the 3rd quarter worth approximately $1,029,000. Oppenheimer Asset Management Inc. purchased a new position in Alkami Technology during the third quarter valued at $1,860,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of Alkami Technology in the third quarter worth $1,115,000. Principal Financial Group Inc. purchased a new position in shares of Alkami Technology in the third quarter worth $875,000. Finally, Driehaus Capital Management LLC increased its position in Alkami Technology by 56.2% during the second quarter. Driehaus Capital Management LLC now owns 1,091,276 shares of the company's stock valued at $31,080,000 after acquiring an additional 392,483 shares during the last quarter. Hedge funds and other institutional investors own 54.97% of the company's stock.

Alkami Technology Trading Up 0.5 %

NASDAQ ALKT traded up $0.19 during trading on Friday, reaching $39.47. 330,679 shares of the stock traded hands, compared to its average volume of 522,103. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of -83.98 and a beta of 0.43. The stock's 50-day moving average price is $35.84 and its 200 day moving average price is $31.93. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. Alkami Technology has a fifty-two week low of $21.19 and a fifty-two week high of $42.29.

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.