Alkami Technology, Inc. (NASDAQ:ALKT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $43.00.
Several equities analysts recently issued reports on ALKT shares. Barclays raised their price target on Alkami Technology from $35.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price target on shares of Alkami Technology from $34.00 to $39.00 and gave the company a "neutral" rating in a report on Friday, November 1st. JMP Securities raised their price target on shares of Alkami Technology from $38.00 to $41.00 and gave the stock a "market outperform" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. increased their target price on shares of Alkami Technology from $42.00 to $45.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Finally, Craig Hallum boosted their price target on Alkami Technology from $38.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, October 31st.
Read Our Latest Report on Alkami Technology
Alkami Technology Trading Up 0.3 %
Alkami Technology stock traded up $0.11 during mid-day trading on Wednesday, hitting $32.90. The company's stock had a trading volume of 633,101 shares, compared to its average volume of 505,193. The business has a 50 day moving average price of $36.44 and a 200-day moving average price of $35.09. Alkami Technology has a 12 month low of $22.65 and a 12 month high of $42.29. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of -70.00 and a beta of 0.47. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.52 and a quick ratio of 3.52.
Insider Buying and Selling at Alkami Technology
In other news, Director Atlantic Genpar (Bermu General sold 3,000,000 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $39.75, for a total transaction of $119,250,000.00. Following the sale, the director now owns 9,680,049 shares in the company, valued at approximately $384,781,947.75. The trade was a 23.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO W Bryan Hill sold 100,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $36.31, for a total transaction of $3,631,000.00. Following the completion of the transaction, the chief financial officer now owns 471,403 shares of the company's stock, valued at approximately $17,116,642.93. The trade was a 17.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,636,639 shares of company stock valued at $143,586,172. 38.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Alkami Technology
Several large investors have recently made changes to their positions in the business. Alliancebernstein L.P. raised its stake in Alkami Technology by 5,747.1% during the fourth quarter. Alliancebernstein L.P. now owns 2,707,329 shares of the company's stock valued at $99,305,000 after buying an additional 2,661,027 shares during the last quarter. Champlain Investment Partners LLC bought a new position in Alkami Technology in the 4th quarter worth about $57,772,000. Invesco Ltd. increased its stake in Alkami Technology by 353.1% during the 4th quarter. Invesco Ltd. now owns 1,456,136 shares of the company's stock valued at $53,411,000 after purchasing an additional 1,134,746 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Alkami Technology by 278.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,435,370 shares of the company's stock worth $52,649,000 after buying an additional 1,055,828 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Alkami Technology by 12.8% during the fourth quarter. Vanguard Group Inc. now owns 7,447,851 shares of the company's stock valued at $273,187,000 after buying an additional 843,129 shares during the last quarter. 54.97% of the stock is currently owned by hedge funds and other institutional investors.
About Alkami Technology
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Get Free ReportAlkami 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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