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

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 100,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $36.31, for a total transaction of $3,631,000.00. Following the completion of the sale, the chief financial officer now owns 471,403 shares of the company’s stock, valued at $17,116,642.93. The trade was a 17.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, September 23rd, W Bryan Hill sold 55,046 shares of Alkami Technology stock. The stock was sold at an average price of $31.19, for a total transaction of $1,716,884.74.
• 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 value 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 value of $2,317,496.74.

Alkami Technology Trading Down 0.2 %

Shares of ALKT stock opened at $37.75 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of -80.32 and a beta of 0.43. Alkami Technology, Inc. has a 52-week low of $21.19 and a 52-week high of $41.36. The company has a 50-day simple moving average of $34.71 and a two-hundred day simple moving average of $31.41.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ALKT. Craig Hallum upped their target price on Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Barclays upped their price objective on shares of Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. JMP Securities lifted their price objective on shares of Alkami Technology from $38.00 to $41.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. Needham & Company LLC upped their target price on shares of Alkami Technology from $43.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Lake Street Capital raised their price target on shares of Alkami Technology from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.44.

Hedge Funds Weigh In On Alkami Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the business. nVerses Capital LLC increased its position in shares of Alkami Technology by 16.1% during the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $114,000 after acquiring an additional 500 shares during the last quarter. Advisors Asset Management Inc. grew its stake 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 purchasing an additional 631 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Alkami Technology by 12.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,112 shares of the company’s stock valued at $193,000 after purchasing an additional 691 shares during the last quarter. Park Place Capital Corp bought a new stake in shares of Alkami Technology during the 3rd quarter worth $28,000. Finally, 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 worth $38,000 after buying an additional 1,014 shares during the last quarter. Hedge funds and other institutional investors own 54.97% of the company’s stock.

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.