Nebula Research & Development LLC Buys 12,465 Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

Nebula Research & Development LLC lifted its position in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 44.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,762 shares of the company's stock after buying an additional 12,465 shares during the period. Nebula Research & Development LLC's holdings in Alkami Technology were worth $1,495,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its stake in shares of Alkami Technology by 10.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 6,727 shares of the company's stock worth $247,000 after buying an additional 615 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Alkami Technology during the 4th quarter worth approximately $34,000. Summit Investment Advisors Inc. increased its holdings 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 worth $204,000 after acquiring an additional 1,238 shares during the last quarter. 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 acquiring an additional 1,630 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Alkami Technology by 73.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,031 shares of the company's stock worth $148,000 after acquiring an additional 1,710 shares during the last quarter. Institutional investors own 54.97% of the company's stock.

Alkami Technology Stock Down 2.8 %

ALKT traded down $0.76 during trading on Monday, hitting $26.11. 1,199,028 shares of the company's stock were exchanged, compared to its average volume of 811,210. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. The business's 50 day moving average is $26.34 and its two-hundred day moving average is $33.24. Alkami Technology, Inc. has a fifty-two week low of $21.70 and a fifty-two week high of $42.29. The stock has a market cap of $2.69 billion, a P/E ratio of -55.55 and a beta of 0.56.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.13). The business had revenue of $89.66 million for the quarter, compared to analyst estimates of $89.63 million. Alkami Technology had a negative return on equity of 11.31% and a negative net margin of 14.55%. As a group, equities analysts expect that Alkami Technology, Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Douglas A. Linebarger sold 4,358 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 owns 244,404 shares in the company, valued at approximately $7,432,325.64. This represents a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO W Bryan Hill sold 17,409 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $30.41, for a total transaction of $529,407.69. Following the transaction, the chief financial officer now owns 450,620 shares of the company's stock, valued at $13,703,354.20. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. 18.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ALKT has been the topic of a number of recent analyst reports. Barclays decreased their target price 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 decreased their price objective on Alkami Technology from $39.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. Finally, Stephens raised Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 price objective on the stock in a report on Thursday, March 13th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Alkami Technology has an average rating of "Moderate Buy" and an average target price of $40.38.

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.