12,300 Shares in Alkami Technology, Inc. (NASDAQ:ALKT) Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB acquired a new position in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,300 shares of the company's stock, valued at approximately $451,000.

A number of other institutional investors have also recently bought and sold shares of ALKT. Advisors Asset Management Inc. increased its stake in shares of Alkami Technology by 117.9% in the third quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company's stock worth $37,000 after purchasing an additional 631 shares during the period. Covestor Ltd grew its position in 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 acquiring an additional 2,646 shares during the period. Blue Trust Inc. lifted its holdings in shares of Alkami Technology by 162.6% during the fourth quarter. Blue Trust Inc. now owns 3,188 shares of the company's stock valued at $117,000 after acquiring an additional 1,974 shares during the period. Icon Wealth Advisors LLC acquired a new stake in shares of Alkami Technology in the 3rd quarter valued at $155,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Alkami Technology by 12.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,112 shares of the company's stock worth $193,000 after purchasing an additional 691 shares during the last quarter. Institutional investors and hedge funds own 54.97% of the company's stock.

Alkami Technology Trading Down 2.1 %

NASDAQ:ALKT traded down $0.59 on Thursday, hitting $28.38. 239,653 shares of the stock were exchanged, compared to its average volume of 664,037. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of -60.32 and a beta of 0.47. The company's 50-day moving average price is $34.24 and its 200 day moving average price is $34.98. Alkami Technology, Inc. has a 52 week low of $22.65 and a 52 week high of $42.29.

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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 analysts' consensus estimates of $0.08 by ($0.13). The business had revenue of $89.66 million for the quarter, compared to analyst estimates of $89.63 million. Alkami Technology had a negative return on equity of 11.31% and a negative net margin of 14.55%. On average, equities research analysts forecast that Alkami Technology, Inc. will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ALKT. Barclays cut their price target on shares of Alkami Technology from $41.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday. The Goldman Sachs Group decreased their target price on Alkami Technology from $39.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on Alkami Technology from $42.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.14.

Insider Activity at Alkami Technology

In other news, insider Douglas A. Linebarger sold 50,000 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $40.05, for a total transaction of $2,002,500.00. Following the sale, the insider now owns 191,668 shares of the company's stock, valued at $7,676,303.40. This trade represents a 20.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO W Bryan Hill sold 100,000 shares of Alkami Technology stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $39.77, for a total value of $3,977,000.00. Following the transaction, the chief financial officer now owns 353,841 shares in the company, valued at $14,072,256.57. This trade represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 271,767 shares of company stock worth $9,984,434. 38.00% of the stock is owned by insiders.

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.