Segall Bryant & Hamill LLC Sells 9,092 Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

Segall Bryant & Hamill LLC lessened its position in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 224,347 shares of the company’s stock after selling 9,092 shares during the period. Segall Bryant & Hamill LLC’s holdings in Alkami Technology were worth $7,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Trust Point Inc. bought a new position in Alkami Technology in the 3rd quarter valued at $1,029,000. Oppenheimer Asset Management Inc. purchased a new stake in Alkami Technology during the 3rd quarter valued at about $1,860,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of Alkami Technology in the third quarter worth $1,115,000. Driehaus Capital Management LLC increased its position in shares of Alkami Technology by 56.2% in the second quarter. Driehaus Capital Management LLC now owns 1,091,276 shares of the company’s stock valued at $31,080,000 after acquiring an additional 392,483 shares during the period. Finally, Millennium Management LLC increased its holdings in Alkami Technology by 124.1% during the 2nd quarter. Millennium Management LLC now owns 514,677 shares of the company’s stock valued at $14,658,000 after purchasing an additional 284,977 shares during the period. Institutional investors own 54.97% of the company’s stock.

Insider Transactions at Alkami Technology

In other news, CFO W Bryan Hill sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $36.31, for a total transaction of $3,631,000.00. Following the transaction, the chief financial officer now directly owns 471,403 shares in the company, valued at $17,116,642.93. The trade was a 17.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Douglas A. Linebarger sold 5,239 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $38.02, for a total transaction of $199,186.78. Following the transaction, the insider now directly owns 248,585 shares in the company, valued at approximately $9,451,201.70. The trade was a 2.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,212,491 shares of company stock valued at $119,085,041 in the last 90 days. 38.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Alkami Technology Trading Up 3.3 %

Shares of Alkami Technology stock opened at $38.99 on Friday. The firm has a fifty day moving average price of $34.89 and a 200 day moving average price of $31.46. The stock has a market cap of $3.92 billion, a PE ratio of -82.97 and a beta of 0.43. Alkami Technology, Inc. has a 1 year low of $21.19 and a 1 year high of $41.36. 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 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.