Ceera Investments LLC Sells 61,055 Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

Ceera Investments LLC cut its holdings in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 50.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,056 shares of the company's stock after selling 61,055 shares during the period. Ceera Investments LLC owned approximately 0.06% of Alkami Technology worth $1,926,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC raised its stake in shares of 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 buying an additional 500 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Alkami Technology by 12.7% during the third quarter. Harbor Capital Advisors Inc. now owns 6,112 shares of the company's stock worth $193,000 after buying an additional 691 shares during the last quarter. Park Place Capital Corp acquired a new stake in shares of Alkami Technology during the third quarter worth approximately $28,000. Blue Trust Inc. raised its stake in shares of Alkami Technology by 507.0% in the third quarter. Blue Trust Inc. now owns 1,214 shares of the company's stock valued at $38,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Alkami Technology by 1.3% in the 1st quarter. Swiss National Bank now owns 84,700 shares of the company's stock worth $2,081,000 after acquiring an additional 1,100 shares in the last quarter. 54.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Atlantic Genpar (Bermu General sold 375,000 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $37.50, for a total value of $14,062,500.00. Following the transaction, the director now owns 12,680,049 shares of the company's stock, valued at approximately $475,501,837.50. This trade represents a 2.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Bohanon sold 35,893 shares of Alkami Technology stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $33.60, for a total value of $1,206,004.80. Following the transaction, the insider now directly owns 403,786 shares in the company, valued at approximately $13,567,209.60. The trade was a 8.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,112,491 shares of company stock worth $115,454,041 in the last three months. 38.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on ALKT. Lake Street Capital increased their price objective on shares of Alkami Technology from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, August 1st. The Goldman Sachs Group raised their price target on Alkami Technology from $34.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Barclays increased their target price on Alkami Technology from $35.00 to $41.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. JMP Securities increased their price target on shares of Alkami Technology from $38.00 to $41.00 and gave the company a "market outperform" rating in a research report on Tuesday, October 29th. Finally, Craig Hallum boosted their price objective on shares of Alkami Technology from $38.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.44.

Alkami Technology Stock Performance

Shares of Alkami Technology stock traded down $0.97 during trading on Friday, reaching $35.93. The company's stock had a trading volume of 671,269 shares, compared to its average volume of 1,102,623. Alkami Technology, Inc. has a 52 week low of $21.19 and a 52 week high of $41.36. 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 price is $34.22 and its 200-day moving average price is $31.22. The firm has a market cap of $3.61 billion, a PE ratio of -76.45 and a beta of 0.43.

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.