Stephen Bohanon Sells 15,491 Shares of Alkami Technology, Inc. (NASDAQ:ALKT) Stock

Alkami Technology, Inc. (NASDAQ:ALKT) insider Stephen Bohanon sold 15,491 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $38.37, for a total transaction of $594,389.67. Following the sale, the insider now directly owns 358,204 shares of the company’s stock, valued at approximately $13,744,287.48. The trade was a 4.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Stephen Bohanon also recently made the following trade(s):

• On Thursday, September 5th, Stephen Bohanon sold 15,605 shares of Alkami Technology stock. The shares were sold at an average price of $31.59, for a total transaction of $492,961.95.

Alkami Technology Stock Up 3.2 %

Shares of NASDAQ:ALKT traded up $1.23 during midday trading on Wednesday, reaching $39.65. 1,777,913 shares of the company were exchanged, compared to its average volume of 531,658. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. Alkami Technology, Inc. has a fifty-two week low of $21.19 and a fifty-two week high of $42.29. The stock has a fifty day simple moving average of $36.28 and a two-hundred day simple moving average of $32.28. The firm has a market cap of $3.98 billion, a PE ratio of -84.17 and a beta of 0.46.

Institutional Investors Weigh In On Alkami Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its stake in Alkami Technology by 4.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,804,825 shares of the company’s stock valued at $61,364,000 after buying an additional 75,469 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Alkami Technology by 16.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,231,987 shares of the company’s stock valued at $38,865,000 after acquiring an additional 173,394 shares during the period. Bullseye Asset Management LLC grew its position in shares of Alkami Technology by 6.2% in the 3rd quarter. Bullseye Asset Management LLC now owns 85,826 shares of the company’s stock valued at $2,707,000 after acquiring an additional 5,000 shares during the period. Barclays PLC grew its position in shares of Alkami Technology by 108.2% in the 3rd quarter. Barclays PLC now owns 95,391 shares of the company’s stock valued at $3,009,000 after acquiring an additional 49,580 shares during the period. Finally, Castleark Management LLC bought a new position in shares of Alkami Technology in the 3rd quarter valued at about $6,050,000. 54.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on ALKT shares. Barclays increased their price target on shares of Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Craig Hallum raised their price objective 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 raised their price objective on shares of Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. JMP Securities raised their price objective on shares of Alkami Technology from $38.00 to $41.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. Finally, Needham & Company LLC lifted their price target on shares of Alkami Technology from $43.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.44.

About Alkami Technology

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.