SG Americas Securities LLC Sells 14,546 Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

SG Americas Securities LLC lowered its position in Alkami Technology, Inc. (NASDAQ:ALKT - Free Report) by 77.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,289 shares of the company's stock after selling 14,546 shares during the period. SG Americas Securities LLC's holdings in Alkami Technology were worth $157,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in shares of 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 purchasing an additional 631 shares during the period. Blue Trust Inc. boosted its holdings 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 buying an additional 1,014 shares in the last quarter. Covestor Ltd grew its position 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 buying an additional 2,646 shares during the period. nVerses Capital LLC increased its stake in shares of Alkami Technology by 16.1% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company's stock valued at $114,000 after acquiring an additional 500 shares in the last quarter. Finally, Icon Wealth Advisors LLC bought a new stake in shares of Alkami Technology in the 3rd quarter valued at $155,000. Institutional investors own 54.97% of the company's stock.

Insider Buying and Selling at Alkami Technology

In other Alkami Technology news, insider Douglas A. Linebarger sold 50,000 shares of the stock in a transaction on 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 completion of the transaction, the insider now directly owns 191,668 shares of the company's stock, valued at approximately $7,676,303.40. This represents a 20.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO W Bryan Hill sold 100,000 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $36.31, for a total value of $3,631,000.00. Following the completion of the sale, the chief financial officer now directly owns 471,403 shares of the company's stock, valued at $17,116,642.93. This represents a 17.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,636,639 shares of company stock worth $143,586,172 in the last quarter. 38.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on ALKT. JPMorgan Chase & Co. raised their price target 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. Needham & Company LLC lifted their price target on shares of Alkami Technology from $43.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Craig Hallum boosted their price target 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. The Goldman Sachs Group raised their price objective on shares of Alkami Technology from $34.00 to $39.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, JMP Securities boosted their target price on shares of Alkami Technology from $38.00 to $41.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Alkami Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Alkami Technology Stock Performance

Shares of ALKT stock traded down $0.13 during trading on Thursday, hitting $32.79. The company's stock had a trading volume of 790,446 shares, compared to its average volume of 525,067. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.30 billion, a PE ratio of -69.77 and a beta of 0.47. The business has a fifty day moving average of $36.59 and a 200-day moving average of $35.08. Alkami Technology, Inc. has a 52 week low of $22.65 and a 52 week high of $42.29.

Alkami Technology 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.