Sei Investments Co. Has $10.43 Million Position in Alkami Technology, Inc. (NASDAQ:ALKT)

Sei Investments Co. boosted its holdings in shares of Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 284,286 shares of the company's stock after acquiring an additional 26,987 shares during the quarter. Sei Investments Co. owned approximately 0.28% of Alkami Technology worth $10,428,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Alkami Technology by 474.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 379,542 shares of the company's stock valued at $11,971,000 after purchasing an additional 313,478 shares in the last quarter. FMR LLC increased its position in Alkami Technology by 10.2% during the third quarter. FMR LLC now owns 1,523,747 shares of the company's stock worth $48,059,000 after buying an additional 141,319 shares during the last quarter. Geode Capital Management LLC raised its holdings in Alkami Technology by 16.4% during the third quarter. Geode Capital Management LLC now owns 1,231,987 shares of the company's stock valued at $38,865,000 after buying an additional 173,394 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Alkami Technology in the fourth quarter worth about $595,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Alkami Technology by 29.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 534,375 shares of the company's stock worth $16,854,000 after acquiring an additional 120,845 shares in the last quarter. 54.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alkami Technology

In related news, CFO W Bryan Hill sold 17,409 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $30.41, for a total transaction of $529,407.69. Following the completion of the sale, the chief financial officer now owns 450,620 shares in the company, valued at $13,703,354.20. This trade represents a 3.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Douglas A. Linebarger sold 4,358 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $30.41, for a total transaction of $132,526.78. Following the completion of the transaction, the insider now owns 244,404 shares in the company, valued at approximately $7,432,325.64. This trade represents a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 121,767 shares of company stock valued at $4,004,934. Company insiders own 38.00% of the company's stock.

Alkami Technology Stock Performance

Shares of NASDAQ ALKT traded down $1.75 during mid-day trading on Thursday, hitting $25.17. The company had a trading volume of 1,083,580 shares, compared to its average volume of 729,356. Alkami Technology, Inc. has a 12 month low of $22.86 and a 12 month high of $42.29. The firm has a market cap of $2.57 billion, a P/E ratio of -53.55 and a beta of 0.49. The business's 50-day simple moving average is $30.10 and its 200-day simple moving average is $34.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.52 and a quick ratio of 3.52.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.13). The firm 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%. As a group, analysts predict that Alkami Technology, Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. The Goldman Sachs Group cut their price objective on Alkami Technology from $39.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Stephens raised shares of Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 price target on the stock in a research report on Thursday, March 13th. Barclays decreased their price objective 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, March 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Alkami Technology from $42.00 to $45.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $41.00.

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.