Alkami Technology, Inc. (NASDAQ:ALKT - Get Free Report) CFO W Bryan Hill sold 17,409 shares of Alkami Technology stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $30.41, for a total value of $529,407.69. Following the sale, the chief financial officer now directly 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 can be accessed through this link.
W Bryan Hill also recently made the following trade(s):
- On Monday, January 13th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The shares were sold at an average price of $33.43, for a total value of $3,343,000.00.
- On Monday, December 16th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The shares were sold at an average price of $39.77, for a total value of $3,977,000.00.
Alkami Technology Trading Down 2.4 %
Shares of Alkami Technology stock traded down $0.67 on Friday, reaching $27.30. The company had a trading volume of 652,247 shares, compared to its average volume of 587,115. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of -58.09 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.52 and a quick ratio of 3.52. The firm's 50-day moving average price is $34.00 and its two-hundred day moving average price is $34.93. Alkami Technology, Inc. has a 1 year low of $22.65 and a 1 year high of $42.29.
Alkami Technology (NASDAQ:ALKT - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.13). The company had revenue of $89.66 million during the quarter, compared to analysts' expectations 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, research analysts predict that Alkami Technology, Inc. will post -0.34 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Alkami Technology
Institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. boosted its holdings in Alkami Technology by 5,747.1% during the 4th quarter. Alliancebernstein L.P. now owns 2,707,329 shares of the company's stock valued at $99,305,000 after acquiring an additional 2,661,027 shares during the period. Whale Rock Capital Management LLC purchased a new position in Alkami Technology during the 4th quarter valued at $78,878,000. Champlain Investment Partners LLC purchased a new position in Alkami Technology during the 4th quarter valued at $57,772,000. Invesco Ltd. boosted its holdings in Alkami Technology by 353.1% during the 4th quarter. Invesco Ltd. now owns 1,456,136 shares of the company's stock valued at $53,411,000 after acquiring an additional 1,134,746 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Alkami Technology by 278.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,435,370 shares of the company's stock valued at $52,649,000 after acquiring an additional 1,055,828 shares during the period. Hedge funds and other institutional investors own 54.97% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ALKT. JPMorgan Chase & Co. lifted their price objective on Alkami Technology from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. The Goldman Sachs Group reduced 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. Finally, Barclays reduced their price objective on Alkami Technology from $41.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Alkami Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.14.
Check Out Our Latest Report on ALKT
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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