Alkami Technology, Inc. (NASDAQ:ALKT) Director Atlantic Genpar (Bermu General Sells 3,000,000 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) Director Atlantic Genpar (Bermu General sold 3,000,000 shares of Alkami Technology stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $39.75, for a total transaction of $119,250,000.00. Following the completion of the transaction, the director now directly owns 9,680,049 shares in the company, valued at $384,781,947.75. This represents a 23.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Atlantic Genpar (Bermu General also recently made the following trade(s):

• On Tuesday, November 12th, Atlantic Genpar (Bermu General sold 375,000 shares of Alkami Technology stock. The stock was sold at an average price of $37.50, for a total transaction of $14,062,500.00.

Alkami Technology Price Performance

Shares of NASDAQ:ALKT opened at $39.28 on Thursday. The company has a market cap of $3.95 billion, a price-to-earnings ratio of -83.57 and a beta of 0.43. The business has a 50 day moving average price of $35.52 and a 200 day moving average price of $31.83. 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 twelve month low of $21.19 and a twelve month high of $42.29.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ALKT. Barclays boosted 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. The Goldman Sachs Group lifted their price target on Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, November 1st. JMP Securities upped 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 price target on Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Lake Street Capital increased their price objective on Alkami Technology from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.44.

Hedge Funds Weigh In On Alkami Technology

Large investors have recently bought and sold shares of the stock. Park Place Capital Corp bought a new position in shares of Alkami Technology during the 3rd quarter worth about $28,000. Advisors Asset Management Inc. raised its holdings in Alkami Technology by 117.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock valued at $37,000 after acquiring an additional 631 shares in the last quarter. Blue Trust Inc. lifted its position 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 worth $38,000 after acquiring an additional 1,014 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Alkami Technology in the 2nd quarter worth approximately $40,000. Finally, Perkins Coie Trust Co acquired a new stake in shares of Alkami Technology during the 2nd quarter worth approximately $85,000. 54.97% of the stock is currently owned by institutional investors and hedge funds.

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.