Alkami Technology, Inc. (NASDAQ:ALKT) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 126.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,766 shares of the company's stock after buying an additional 15,497 shares during the quarter. Intech Investment Management LLC's holdings in Alkami Technology were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC acquired a new stake in shares of Alkami Technology in the fourth quarter worth approximately $34,000. Advisors Asset Management Inc. boosted its holdings in shares of Alkami Technology by 117.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company's stock valued at $37,000 after purchasing an additional 631 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Alkami Technology by 162.6% during the 4th quarter. Blue Trust Inc. now owns 3,188 shares of the company's stock valued at $117,000 after buying an additional 1,974 shares during the period. Icon Wealth Advisors LLC acquired a new stake in shares of Alkami Technology during the 3rd quarter worth $155,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Alkami Technology in the 3rd quarter worth $203,000. 54.97% of the stock is owned by institutional investors and hedge funds.

Alkami Technology Stock Down 0.5 %

Shares of NASDAQ:ALKT traded down $0.14 during trading on Wednesday, hitting $27.48. The company's stock had a trading volume of 752,611 shares, compared to its average volume of 690,227. Alkami Technology, Inc. has a fifty-two week low of $22.65 and a fifty-two week high of $42.29. The stock's 50-day moving average price is $31.34 and its two-hundred day moving average price is $34.38. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The company has a market capitalization of $2.81 billion, a PE ratio of -58.47 and a beta of 0.49.

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Alkami Technology (NASDAQ:ALKT - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $89.63 million. As a group, sell-side analysts expect that Alkami Technology, Inc. will post -0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on ALKT. The Goldman Sachs Group dropped their price target on Alkami Technology from $39.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. raised their price target on shares of Alkami Technology from $42.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Barclays reduced their price target on shares of Alkami Technology from $41.00 to $35.00 and set an "equal weight" 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 target price on the stock in a research note on Thursday, March 13th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Insider Transactions at Alkami Technology

In related news, CFO W Bryan Hill sold 100,000 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $33.43, for a total transaction of $3,343,000.00. Following the transaction, the chief financial officer now directly owns 353,841 shares in the company, valued at $11,828,904.63. This trade represents a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Douglas A. Linebarger sold 4,358 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $30.41, for a total transaction of $132,526.78. Following the sale, the insider now owns 244,404 shares of the company's stock, valued at approximately $7,432,325.64. The trade was a 1.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,767 shares of company stock valued at $4,004,934. Insiders own 25.90% of the company's stock.

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.