Connor Clark & Lunn Investment Management Ltd. lifted its stake in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 74.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,249 shares of the company's stock after buying an additional 40,755 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Alkami Technology worth $3,494,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Essex Investment Management Co. LLC bought a new stake in Alkami Technology during the 4th quarter valued at approximately $34,000. Advisors Asset Management Inc. grew its holdings in Alkami Technology by 117.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company's stock valued at $37,000 after buying an additional 631 shares in the last quarter. Blue Trust Inc. grew its holdings in 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 in the last quarter. Icon Wealth Advisors LLC purchased a new position in Alkami Technology during the 3rd quarter valued at approximately $155,000. Finally, GSA Capital Partners LLP purchased a new position in Alkami Technology during the 3rd quarter valued at approximately $203,000. Institutional investors own 54.97% of the company's stock.
Alkami Technology Trading Up 1.1 %
Shares of ALKT stock traded up $0.28 on Friday, reaching $26.55. 3,376,399 shares of the company's stock were exchanged, compared to its average volume of 681,984. Alkami Technology, Inc. has a 52 week low of $22.65 and a 52 week high of $42.29. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.71 billion, a PE ratio of -56.49 and a beta of 0.49. The company's fifty day simple moving average is $31.75 and its 200 day simple moving average is $34.42.
Alkami Technology (NASDAQ:ALKT - Get Free Report) last issued its 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). The firm had revenue of $89.66 million for the quarter, compared to the consensus estimate of $89.63 million. Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.31%. As a group, analysts forecast that Alkami Technology, Inc. will post -0.34 EPS for the current year.
Analyst Upgrades and Downgrades
ALKT has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their target price on Alkami Technology from $39.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Stephens upgraded Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 target price for the company in a report on Thursday, March 13th. Barclays dropped their target price on Alkami Technology from $41.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Alkami Technology from $42.00 to $45.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $41.00.
View Our Latest Report on ALKT
Insider Buying and Selling at Alkami Technology
In related news, insider Douglas A. Linebarger sold 4,358 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $30.41, for a total transaction of $132,526.78. Following the completion of the sale, the insider now directly owns 244,404 shares in the company, valued at $7,432,325.64. This represents a 1.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO W Bryan Hill sold 100,000 shares of the company's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $33.43, for a total value of $3,343,000.00. Following the sale, the chief financial officer now owns 353,841 shares of the company's stock, valued at $11,828,904.63. This trade represents a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,767 shares of company stock valued at $4,004,934 in the last ninety days. Corporate insiders own 38.00% of the company's stock.
Alkami Technology Company Profile
(
Free Report)
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.
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