W Bryan Hill Sells 100,000 Shares of Alkami Technology, Inc. (NASDAQ:ALKT) Stock

Alkami Technology, Inc. (NASDAQ:ALKT - Get Free Report) CFO W Bryan Hill sold 100,000 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $33.43, for a total value of $3,343,000.00. Following the sale, the chief financial officer now directly owns 353,841 shares of the company's stock, valued at $11,828,904.63. This represents a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, December 16th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The stock was sold at an average price of $39.77, for a total value of $3,977,000.00.
• On Tuesday, December 3rd, W Bryan Hill sold 17,807 shares of Alkami Technology stock. The stock was sold at an average price of $38.37, for a total value of $683,254.59.
• On Monday, November 25th, W Bryan Hill sold 99,755 shares of Alkami Technology stock. The stock was sold at an average price of $41.89, for a total value of $4,178,736.95.
• On Thursday, November 21st, W Bryan Hill sold 110,250 shares of Alkami Technology stock. The shares were sold at an average price of $38.62, for a total value of $4,257,855.00.
• On Monday, November 18th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The shares were sold at an average price of $36.31, for a total value of $3,631,000.00.

Alkami Technology Stock Performance

ALKT traded up $1.17 during trading hours on Tuesday, reaching $34.69. The company's stock had a trading volume of 562,742 shares, compared to its average volume of 584,980. Alkami Technology, Inc. has a 52 week low of $22.65 and a 52 week high of $42.29. The company's 50-day moving average is $38.10 and its 200-day moving average is $34.57. 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 has a market cap of $3.49 billion, a PE ratio of -73.81 and a beta of 0.48.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Alkami Technology

A number of large investors have recently added to or reduced their stakes in ALKT. nVerses Capital LLC increased its position in 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 buying an additional 500 shares during the period. Harbor Capital Advisors Inc. increased its position in Alkami Technology by 10.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 6,727 shares of the company's stock worth $247,000 after buying an additional 615 shares during the period. Advisors Asset Management Inc. increased its position in Alkami Technology by 117.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company's stock worth $37,000 after buying an additional 631 shares during the period. Park Place Capital Corp bought a new position in Alkami Technology during the 3rd quarter worth $28,000. Finally, Blue Trust Inc. increased its position in 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 during the period. Institutional investors own 54.97% of the company's stock.

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.

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