Alkami Technology, Inc. (NASDAQ:ALKT – Get Free Report) CFO W Bryan Hill sold 100,000 shares of Alkami Technology stock in a transaction on Monday, May 20th. The stock was sold at an average price of $28.80, for a total value of $2,880,000.00. Following the completion of the transaction, the chief financial officer now owns 505,877 shares in the company, valued at $14,569,257.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
W Bryan Hill also recently made the following trade(s):
- On Friday, March 8th, W Bryan Hill sold 50,089 shares of Alkami Technology stock. The shares were sold at an average price of $23.91, for a total value of $1,197,627.99.
Alkami Technology Trading Down 1.7 %
Alkami Technology stock traded down $0.48 during trading hours on Wednesday, hitting $27.94. The stock had a trading volume of 310,760 shares, compared to its average volume of 355,601. Alkami Technology, Inc. has a fifty-two week low of $13.97 and a fifty-two week high of $29.28. The company has a 50-day moving average of $24.74 and a two-hundred day moving average of $24.20. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.06.
Analyst Ratings Changes
A number of research analysts have recently weighed in on ALKT shares. JPMorgan Chase & Co. lifted their price target on Alkami Technology from $27.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Craig Hallum boosted their target price on Alkami Technology from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. TheStreet upgraded Alkami Technology from a “d” rating to a “c-” rating in a research note on Thursday, February 29th. JMP Securities restated a “market outperform” rating and issued a $30.00 target price on shares of Alkami Technology in a research note on Monday, April 15th. Finally, The Goldman Sachs Group cut Alkami Technology from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $23.00 to $27.00 in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.90.
Check Out Our Latest Analysis on Alkami Technology
Institutional Investors Weigh In On Alkami Technology
A number of large investors have recently bought and sold shares of ALKT. Bank of New York Mellon Corp grew its position in Alkami Technology by 12.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 125,923 shares of the company’s stock worth $2,294,000 after acquiring an additional 14,245 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Alkami Technology by 26.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,161 shares of the company’s stock worth $167,000 after acquiring an additional 1,915 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Alkami Technology by 9.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,685 shares of the company’s stock worth $322,000 after acquiring an additional 1,494 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Alkami Technology during the 3rd quarter worth approximately $39,000. Finally, Swiss National Bank grew its position in Alkami Technology by 1.1% during the 3rd quarter. Swiss National Bank now owns 91,900 shares of the company’s stock worth $1,674,000 after acquiring an additional 1,000 shares during the last quarter. 54.97% of the stock is currently owned by institutional investors.
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.
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