Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill Sells 69,511 Shares

Alkami Technology, Inc. (NASDAQ:ALKT - Get Free Report) CFO W Bryan Hill sold 69,511 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $33.34, for a total value of $2,317,496.74. Following the transaction, the chief financial officer now owns 489,340 shares in the company, valued at approximately $16,314,595.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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W Bryan Hill also recently made the following trade(s):

On Monday, June 17th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The shares were sold at an average price of $25.72, for a total transaction of $2,572,000.00.

Alkami Technology Trading Down 2.1 %

ALKT stock traded down $0.69 during mid-day trading on Wednesday, hitting $32.61. 269,783 shares of the company were exchanged, compared to its average volume of 444,317. Alkami Technology, Inc. has a 12-month low of $16.43 and a 12-month high of $36.00. The firm has a market capitalization of $3.18 billion, a P/E ratio of -55.50 and a beta of 0.47. The business has a fifty day simple moving average of $30.98 and a 200-day simple moving average of $27.31. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.06.

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Alkami Technology (NASDAQ:ALKT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $82.16 million during the quarter, compared to analyst estimates of $81.32 million. Alkami Technology had a negative net margin of 17.47% and a negative return on equity of 13.47%. The business's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.17) earnings per share. On average, equities research analysts predict that Alkami Technology, Inc. will post -0.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ALKT. Needham & Company LLC increased their target price on Alkami Technology from $32.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their price target on shares of Alkami Technology from $28.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. JMP Securities increased their price objective on shares of Alkami Technology from $35.00 to $38.00 and gave the company a "market outperform" rating in a report on Thursday, August 1st. Craig Hallum lifted their price objective on Alkami Technology from $31.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, Lake Street Capital upped their target price on Alkami Technology from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.89.

Get Our Latest Stock Analysis on Alkami Technology

Hedge Funds Weigh In On Alkami Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new position in Alkami Technology during the 2nd quarter worth approximately $40,000. NBC Securities Inc. acquired a new stake in Alkami Technology in the fourth quarter valued at $43,000. Perkins Coie Trust Co purchased a new stake in Alkami Technology during the 2nd quarter worth about $85,000. nVerses Capital LLC acquired a new position in shares of Alkami Technology during the 2nd quarter worth about $88,000. Finally, Quest Partners LLC acquired a new stake in shares of Alkami Technology during the 4th quarter worth about $113,000. 54.97% of the stock is owned by institutional investors and hedge funds.

About Alkami Technology

(Get 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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