Alkami Technology, Inc. (NASDAQ:ALKT) Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC raised its position in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 46.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,240 shares of the company's stock after buying an additional 14,722 shares during the quarter. Legato Capital Management LLC's holdings in Alkami Technology were worth $1,696,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in Alkami Technology by 117.9% in 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 during the period. 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. Covestor Ltd grew its stake in shares of Alkami Technology by 6,300.0% during the 3rd quarter. Covestor Ltd now owns 2,688 shares of the company's stock worth $85,000 after purchasing an additional 2,646 shares during the period. nVerses Capital LLC grew its stake in shares of Alkami Technology by 16.1% during the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company's stock worth $114,000 after purchasing an additional 500 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new position in shares of Alkami Technology during the 3rd quarter worth $155,000. 54.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of Alkami Technology from $35.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of Alkami Technology from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. The Goldman Sachs Group boosted their price objective on shares of Alkami Technology from $34.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Needham & Company LLC upped their target price on shares of Alkami Technology from $43.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, JMP Securities upped their target price on shares of Alkami Technology from $38.00 to $41.00 and gave the company a "market outperform" rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $43.00.

Insider Transactions at Alkami Technology

In other news, insider Stephen Bohanon sold 15,491 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $38.37, for a total transaction of $594,389.67. Following the transaction, the insider now directly owns 358,204 shares in the company, valued at $13,744,287.48. This represents a 4.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO W Bryan Hill sold 100,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $36.31, for a total transaction of $3,631,000.00. Following the sale, the chief financial officer now directly owns 471,403 shares of the company's stock, valued at approximately $17,116,642.93. This trade represents a 17.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,636,639 shares of company stock worth $143,586,172 in the last three months. Company insiders own 38.00% of the company's stock.

Alkami Technology Trading Up 0.3 %

Shares of ALKT stock traded up $0.11 during trading hours on Friday, hitting $32.90. 633,101 shares of the company were exchanged, compared to its average volume of 505,193. The firm has a market cap of $3.31 billion, a PE ratio of -70.00 and a beta of 0.47. Alkami Technology, Inc. has a 1 year low of $22.65 and a 1 year high of $42.29. 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 firm has a fifty day moving average of $36.44 and a 200 day moving average of $35.08.

About Alkami Technology

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.