Calamos Advisors LLC Invests $2.27 Million in Alkami Technology, Inc. (NASDAQ:ALKT)

Calamos Advisors LLC acquired a new stake in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 61,865 shares of the company's stock, valued at approximately $2,269,000. Calamos Advisors LLC owned about 0.06% of Alkami Technology as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC lifted its position in Alkami Technology by 16.1% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company's stock valued at $114,000 after purchasing an additional 500 shares during the last quarter. Harbor Capital Advisors Inc. raised its position 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 in the last quarter. Advisors Asset Management Inc. raised its position in shares of Alkami Technology by 117.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company's stock worth $37,000 after buying an additional 631 shares in the last quarter. Park Place Capital Corp bought a new stake in shares of Alkami Technology during the 3rd quarter worth about $28,000. Finally, Blue Trust Inc. raised its position in shares of Alkami Technology by 507.0% during the 3rd quarter. Blue Trust Inc. now owns 1,214 shares of the company's stock worth $38,000 after buying an additional 1,014 shares in the last quarter. 54.97% of the stock is currently owned by institutional investors.

Alkami Technology Stock Down 2.0 %

Shares of ALKT traded down $0.73 during midday trading on Friday, reaching $35.20. 322,889 shares of the stock were exchanged, compared to its average volume of 505,193. Alkami Technology, Inc. has a 12-month low of $22.65 and a 12-month high of $42.29. The firm has a 50 day simple moving average of $37.01 and a 200-day simple moving average of $35.07. 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 company has a market cap of $3.54 billion, a price-to-earnings ratio of -74.89 and a beta of 0.47.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ALKT shares. JPMorgan Chase & Co. boosted their price target on shares of Alkami Technology from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Needham & Company LLC boosted their price target on shares of Alkami Technology from $43.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Barclays lifted their price objective on shares of Alkami Technology from $35.00 to $41.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. The Goldman Sachs Group lifted their target price 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. Finally, JMP Securities lifted their price objective 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. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

Insider Activity at Alkami Technology

In other Alkami Technology news, Director Atlantic Genpar (Bermu General sold 3,000,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $39.75, for a total value of $119,250,000.00. Following the sale, the director now owns 9,680,049 shares of the company's stock, valued at $384,781,947.75. This trade represents a 23.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO W Bryan Hill sold 100,000 shares of Alkami Technology stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $36.31, for a total value of $3,631,000.00. Following the sale, the chief financial officer now directly owns 471,403 shares in the company, valued at $17,116,642.93. The trade was a 17.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,016,878 shares of company stock valued at $157,847,859. Corporate insiders own 38.00% of the company's stock.

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.