Lisanti Capital Growth LLC Decreases Holdings in Alkami Technology, Inc. (NASDAQ:ALKT)

Lisanti Capital Growth LLC reduced its stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 13.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,620 shares of the company's stock after selling 14,445 shares during the quarter. Lisanti Capital Growth LLC owned 0.09% of Alkami Technology worth $2,921,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ALKT. Park Place Capital Corp acquired a new stake in Alkami Technology during the 3rd quarter worth about $28,000. Blue Trust Inc. grew its position in Alkami Technology by 507.0% in the 3rd quarter. Blue Trust Inc. now owns 1,214 shares of the company's stock valued at $38,000 after buying an additional 1,014 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Alkami Technology during the second quarter worth about $40,000. Covestor Ltd raised 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 worth $85,000 after acquiring an additional 2,646 shares in the last quarter. Finally, Perkins Coie Trust Co purchased a new stake in shares of Alkami Technology during the 2nd quarter worth approximately $85,000. Institutional investors own 54.97% of the company's stock.

Alkami Technology Stock Down 0.6 %

Shares of NASDAQ:ALKT traded down $0.23 on Monday, hitting $37.64. 1,807,913 shares of the company's stock were exchanged, compared to its average volume of 493,248. The company has a market capitalization of $3.78 billion, a PE ratio of -80.85 and a beta of 0.43. Alkami Technology, Inc. has a 1-year low of $20.61 and a 1-year high of $41.36. 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 firm's 50-day moving average is $33.65 and its 200 day moving average is $30.77.

Analyst Ratings Changes

Several research analysts recently commented on ALKT shares. Needham & Company LLC raised their price target 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. Barclays upped their target price on shares of 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 upped their price target on Alkami Technology from $38.00 to $41.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 29th. Lake Street Capital upped their price target 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. Finally, Craig Hallum upped their target price on shares of Alkami Technology from $38.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $37.44.

Insider Buying and Selling at Alkami Technology

In related news, Director Atlantic L.P. General sold 2,500,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $37.50, for a total transaction of $93,750,000.00. Following the transaction, the director now owns 13,055,049 shares in the company, valued at $489,564,337.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO W Bryan Hill sold 55,046 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $31.19, for a total value of $1,716,884.74. Following the transaction, the chief financial officer now directly owns 471,403 shares of the company's stock, valued at approximately $14,703,059.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Atlantic L.P. General sold 2,500,000 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $37.50, for a total transaction of $93,750,000.00. Following the completion of the sale, the director now owns 13,055,049 shares in the company, valued at approximately $489,564,337.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,731,750 shares of company stock worth $101,173,279. 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.