Capital International Investors Has $139.95 Million Position in Alkami Technology, Inc. (NASDAQ:ALKT)

Capital International Investors trimmed its position in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,815,499 shares of the company's stock after selling 864,408 shares during the quarter. Capital International Investors owned approximately 3.80% of Alkami Technology worth $139,953,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp acquired a new stake in Alkami Technology during the third quarter valued at $223,000. State Street Corp grew its stake in shares of Alkami Technology by 5.1% in the 3rd quarter. State Street Corp now owns 1,088,408 shares of the company's stock valued at $34,328,000 after buying an additional 52,699 shares in the last quarter. Barclays PLC increased its holdings in Alkami Technology by 108.2% in the third quarter. Barclays PLC now owns 95,391 shares of the company's stock worth $3,009,000 after buying an additional 49,580 shares during the last quarter. Geode Capital Management LLC lifted its stake in Alkami Technology by 16.4% in the third quarter. Geode Capital Management LLC now owns 1,231,987 shares of the company's stock valued at $38,865,000 after acquiring an additional 173,394 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Alkami Technology by 4.4% in the third quarter. Franklin Resources Inc. now owns 1,804,825 shares of the company's stock worth $61,364,000 after acquiring an additional 75,469 shares in the last quarter. 54.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alkami Technology

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

Alkami Technology Stock Performance

Shares of NASDAQ ALKT traded up $0.31 during trading hours on Thursday, hitting $26.53. 829,208 shares of the company's stock were exchanged, compared to its average volume of 803,466. The company's 50-day moving average price is $26.71 and its 200-day moving average price is $33.37. Alkami Technology, Inc. has a 1-year low of $21.70 and a 1-year high of $42.29. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -56.45 and a beta of 0.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.52 and a quick ratio of 3.52.

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

Analyst Ratings Changes

ALKT has been the subject of several analyst reports. The Goldman Sachs Group reduced their price objective on shares of Alkami Technology from $39.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Stephens raised Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 price target for the company in a research report on Thursday, March 13th. Finally, Barclays lowered 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.38.

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.