Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill Sells 55,046 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 55,046 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $31.19, for a total value of $1,716,884.74. Following the completion of the sale, the chief financial officer now owns 471,403 shares of the company’s stock, valued at approximately $14,703,059.57. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, September 5th, W Bryan Hill sold 17,937 shares of Alkami Technology stock. The shares were sold at an average price of $31.59, for a total transaction of $566,629.83.
• On Tuesday, August 27th, W Bryan Hill sold 69,511 shares of Alkami Technology stock. The stock was sold at an average price of $33.34, for a total transaction of $2,317,496.74.

Alkami Technology Price Performance

Shares of ALKT stock opened at $30.67 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.75 and a current ratio of 3.75. Alkami Technology, Inc. has a fifty-two week low of $16.49 and a fifty-two week high of $36.00. The firm has a market cap of $3.04 billion, a P/E ratio of -51.12 and a beta of 0.47. The business’s 50 day moving average price is $31.78 and its 200-day moving average price is $28.17.

Alkami Technology (NASDAQ:ALKT) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $82.16 million during the quarter, compared to analyst estimates of $81.32 million. Alkami Technology had a negative return on equity of 13.43% and a negative net margin of 17.47%. The firm’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.17) earnings per share. On average, equities research analysts anticipate that Alkami Technology, Inc. will post -0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Craig Hallum lifted their target price on shares of Alkami Technology from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JMP Securities lifted their price objective on Alkami Technology from $35.00 to $38.00 and gave the stock a “market outperform” rating in a report on Thursday, August 1st. Barclays boosted their target price on Alkami Technology from $31.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Needham & Company LLC raised their price target on Alkami Technology from $32.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Lake Street Capital boosted their price objective on Alkami Technology from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.89.

Hedge Funds Weigh In On Alkami Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP purchased a new stake in Alkami Technology in the first quarter worth about $37,178,000. Lisanti Capital Growth LLC purchased a new position in shares of Alkami Technology during the 1st quarter worth approximately $3,316,000. Trexquant Investment LP bought a new position in shares of Alkami Technology in the 4th quarter worth approximately $1,094,000. Quest Partners LLC purchased a new position in shares of Alkami Technology in the 4th quarter valued at approximately $113,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Alkami Technology by 45.8% during the second quarter. Bank of New York Mellon Corp now owns 173,294 shares of the company’s stock valued at $4,935,000 after purchasing an additional 54,453 shares in the last quarter. Hedge funds and other institutional investors own 54.97% of the company’s stock.

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.