Dakota Wealth Management Acquires Shares of 14,116 Alkami Technology, Inc. (NASDAQ:ALKT)

Dakota Wealth Management acquired a new stake in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,116 shares of the company's stock, valued at approximately $518,000.

A number of other large investors also recently bought and sold shares of ALKT. Park Place Capital Corp purchased a new stake in shares of Alkami Technology in the third quarter valued at approximately $28,000. Advisors Asset Management Inc. boosted 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 purchasing an additional 631 shares in the last quarter. Blue Trust Inc. grew its stake 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 purchasing an additional 1,014 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Alkami Technology in the 2nd quarter valued at about $40,000. Finally, Covestor Ltd lifted its stake in shares of Alkami Technology by 6,300.0% in the third quarter. Covestor Ltd now owns 2,688 shares of the company's stock valued at $85,000 after purchasing an additional 2,646 shares during the period. Hedge funds and other institutional investors own 54.97% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Craig Hallum upped their target price on shares of Alkami Technology from $38.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price target on Alkami Technology from $34.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Barclays lifted their price objective on Alkami Technology from $35.00 to $41.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on Alkami Technology from $42.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Finally, Needham & Company LLC raised their price target on Alkami Technology from $43.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Two research 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Insider Buying and Selling at Alkami Technology

In related news, insider Douglas A. Linebarger sold 50,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $40.05, for a total value of $2,002,500.00. Following the completion of the transaction, the insider now directly owns 191,668 shares in the company, valued at approximately $7,676,303.40. This represents a 20.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO W Bryan Hill sold 99,755 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $41.89, for a total value of $4,178,736.95. Following the completion of the sale, the chief financial officer now directly owns 371,648 shares in the company, valued at approximately $15,568,334.72. The trade was a 21.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,517,380 shares of company stock worth $251,616,935. Corporate insiders own 38.00% of the company's stock.

Alkami Technology Price Performance

Shares of NASDAQ ALKT traded down $0.39 during trading on Friday, reaching $35.19. The company had a trading volume of 290,941 shares, compared to its average volume of 468,353. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05. Alkami Technology, Inc. has a twelve month low of $22.65 and a twelve month high of $42.29. The stock has a 50-day moving average price of $37.73 and a two-hundred day moving average price of $34.87. The stock has a market capitalization of $3.54 billion, a PE ratio of -74.87 and a beta of 0.48.

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.