Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill Sells 100,000 Shares

Alkami Technology, Inc. (NASDAQ:ALKTGet Free Report) CFO W Bryan Hill sold 100,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $33.43, for a total value of $3,343,000.00. Following the transaction, the chief financial officer now owns 353,841 shares of the company’s stock, valued at $11,828,904.63. The trade was a 22.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

W Bryan Hill also recently made the following trade(s):

  • On Monday, December 16th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The stock was sold at an average price of $39.77, for a total transaction of $3,977,000.00.
  • On Tuesday, December 3rd, W Bryan Hill sold 17,807 shares of Alkami Technology stock. The stock was sold at an average price of $38.37, for a total transaction of $683,254.59.
  • On Monday, November 25th, W Bryan Hill sold 99,755 shares of Alkami Technology stock. The shares were sold at an average price of $41.89, for a total transaction of $4,178,736.95.
  • On Thursday, November 21st, W Bryan Hill sold 110,250 shares of Alkami Technology stock. The stock was sold at an average price of $38.62, for a total value of $4,257,855.00.
  • On Monday, November 18th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The shares were sold at an average price of $36.31, for a total value of $3,631,000.00.

Alkami Technology Stock Up 3.5 %

Shares of ALKT stock opened at $34.69 on Wednesday. The firm’s fifty day moving average price is $38.10 and its two-hundred day moving average price is $34.57. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05. Alkami Technology, Inc. has a 1 year low of $22.65 and a 1 year high of $42.29. The firm has a market capitalization of $3.49 billion, a P/E ratio of -73.81 and a beta of 0.48.

Institutional Trading of Alkami Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Park Place Capital Corp acquired a new position in Alkami Technology during the third quarter valued at approximately $28,000. Advisors Asset Management Inc. raised its stake in shares of Alkami Technology by 117.9% during 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. Blue Trust Inc. boosted its holdings in shares of Alkami Technology by 507.0% in the 3rd quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock valued at $38,000 after buying an additional 1,014 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Alkami Technology in the second quarter valued at $40,000. Finally, Covestor Ltd increased its holdings in Alkami Technology by 6,300.0% during the third quarter. Covestor Ltd now owns 2,688 shares of the company’s stock worth $85,000 after buying an additional 2,646 shares during the last quarter. Institutional investors and hedge funds own 54.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ALKT. The Goldman Sachs Group lifted their price objective on Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Barclays upped their price target on shares of Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. JMP Securities raised their price objective on shares of Alkami Technology from $38.00 to $41.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Craig Hallum upped their target price on shares of Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC lifted their price target on Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

View Our Latest Research Report on Alkami Technology

About Alkami Technology

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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.

Further Reading

Insider Buying and Selling by Quarter for Alkami Technology (NASDAQ:ALKT)

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