Alkami Technology, Inc. (NASDAQ:ALKT) Insider Douglas A. Linebarger Sells 502 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) insider Douglas A. Linebarger sold 502 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $38.00, for a total value of $19,076.00. Following the transaction, the insider now owns 248,585 shares in the company, valued at approximately $9,446,230. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Alkami Technology Stock Performance

NASDAQ:ALKT opened at $37.79 on Thursday. Alkami Technology, Inc. has a 1 year low of $21.19 and a 1 year high of $41.36. The business has a fifty day simple moving average of $33.98 and a two-hundred day simple moving average of $31.00. 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 company has a market capitalization of $3.80 billion, a P/E ratio of -80.40 and a beta of 0.43.

Institutional Investors Weigh In On Alkami Technology

Hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC increased its holdings in Alkami Technology by 16.1% during the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $114,000 after purchasing an additional 500 shares during the period. Advisors Asset Management Inc. increased 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 worth $37,000 after purchasing an additional 631 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Alkami Technology by 12.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,112 shares of the company’s stock worth $193,000 after purchasing an additional 691 shares in the last quarter. Park Place Capital Corp purchased a new stake in Alkami Technology in the 3rd quarter worth $28,000. Finally, 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 valued at $38,000 after purchasing an additional 1,014 shares during the last quarter. Institutional investors own 54.97% of the company’s stock.

Analyst Ratings Changes

ALKT has been the topic of a number of recent research reports. Barclays lifted their target price on Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Lake Street Capital lifted their target price on Alkami Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Craig Hallum boosted their price target on 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 upped their target price on Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC upped their target price on Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alkami Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.44.

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.