Alkami Technology, Inc. (NASDAQ:ALKT) Position Increased by Jump Financial LLC

Jump Financial LLC raised its holdings in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 124.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,647 shares of the company's stock after buying an additional 64,772 shares during the quarter. Jump Financial LLC owned approximately 0.12% of Alkami Technology worth $4,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ALKT. Harbor Capital Advisors Inc. grew its holdings in Alkami Technology by 10.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 6,727 shares of the company's stock valued at $247,000 after purchasing an additional 615 shares during the period. Essex Investment Management Co. LLC acquired a new position in shares of Alkami Technology in the 4th quarter valued at $34,000. Summit Investment Advisors Inc. grew its stake in shares of Alkami Technology by 28.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,553 shares of the company's stock valued at $204,000 after buying an additional 1,238 shares during the period. Mariner LLC increased its holdings in shares of Alkami Technology by 25.3% during the 4th quarter. Mariner LLC now owns 8,080 shares of the company's stock worth $296,000 after buying an additional 1,630 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Alkami Technology by 162.6% in the 4th quarter. Blue Trust Inc. now owns 3,188 shares of the company's stock worth $117,000 after buying an additional 1,974 shares during the period. Institutional investors and hedge funds own 54.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ALKT. Barclays cut their price objective on Alkami Technology from $35.00 to $30.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group reduced their price target on shares of Alkami Technology from $39.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd. Finally, 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.38.

Alkami Technology Stock Up 2.4 %

Shares of NASDAQ ALKT traded up $0.57 during midday trading on Tuesday, reaching $24.57. 65,382 shares of the company's stock were exchanged, compared to its average volume of 794,993. Alkami Technology, Inc. has a 52-week low of $21.70 and a 52-week high of $42.29. The stock has a market capitalization of $2.53 billion, a PE ratio of -52.16 and a beta of 0.56. The business's fifty day moving average price is $27.00 and its two-hundred day moving average price is $33.48. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last issued its quarterly 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 company had revenue of $89.66 million during the quarter, compared to analyst estimates of $89.63 million. Analysts forecast that Alkami Technology, Inc. will post -0.34 EPS for the current year.

Insider Activity at Alkami Technology

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

About Alkami Technology

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.