W Bryan Hill Sells 17,409 Shares of Alkami Technology, Inc. (NASDAQ:ALKT) Stock

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 17,409 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $30.41, for a total transaction of $529,407.69. Following the completion of the transaction, the chief financial officer now owns 450,620 shares of the company’s stock, valued at $13,703,354.20. This represents a 3.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 Price Performance

Shares of ALKT opened at $28.97 on Thursday. 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 stock’s 50 day moving average is $34.24 and its two-hundred day moving average is $34.98. Alkami Technology, Inc. has a twelve month low of $22.65 and a twelve month high of $42.29. The firm has a market capitalization of $2.91 billion, a PE ratio of -61.64 and a beta of 0.47.

Alkami Technology (NASDAQ:ALKT) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.31%. The business had revenue of $89.66 million during the quarter, compared to analysts’ expectations of $89.63 million. Research analysts anticipate that Alkami Technology, Inc. will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On Alkami Technology

A number of institutional investors and hedge funds have recently made changes to their positions in ALKT. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Alkami Technology in the fourth quarter valued at about $4,384,000. Jefferies Financial Group Inc. purchased a new position in Alkami Technology in the fourth quarter valued at about $2,704,000. Mackenzie Financial Corp lifted its position in shares of Alkami Technology by 244.9% during the 4th quarter. Mackenzie Financial Corp now owns 26,509 shares of the company’s stock valued at $972,000 after acquiring an additional 18,823 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Alkami Technology by 18.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 82,759 shares of the company’s stock worth $3,036,000 after acquiring an additional 12,952 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Alkami Technology in the 4th quarter worth approximately $96,000. 54.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group reduced their price objective on Alkami Technology from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday. JPMorgan Chase & Co. upped their price target on shares of Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Barclays decreased their price target on shares of Alkami Technology from $41.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Alkami Technology has an average rating of “Moderate Buy” and an average price target of $41.14.

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.