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 company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $33.43, for a total transaction of $3,343,000.00. Following the completion of the transaction, the chief financial officer now directly owns 353,841 shares of the company’s stock, valued at approximately $11,828,904.63. The trade was a 22.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were 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 shares were 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 stock was 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 transaction of $4,257,855.00.
• On Monday, November 18th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The stock was sold at an average price of $36.31, for a total transaction of $3,631,000.00.

Alkami Technology Trading Up 0.1 %

Shares of NASDAQ:ALKT opened at $34.74 on Thursday. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of -73.91 and a beta of 0.48. Alkami Technology, Inc. has a 1-year low of $22.65 and a 1-year high of $42.29. 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 50 day moving average price of $38.10 and a 200 day moving average price of $34.57.

Hedge Funds Weigh In On Alkami Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in Alkami Technology by 4.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,804,825 shares of the company’s stock worth $61,364,000 after purchasing an additional 75,469 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Alkami Technology by 13.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,570,179 shares of the company’s stock worth $44,719,000 after purchasing an additional 181,194 shares during the period. FMR LLC boosted its stake in Alkami Technology by 10.2% in the 3rd quarter. FMR LLC now owns 1,523,747 shares of the company’s stock worth $48,059,000 after purchasing an additional 141,319 shares during the period. Geode Capital Management LLC boosted its stake in Alkami Technology by 16.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,231,987 shares of the company’s stock worth $38,865,000 after purchasing an additional 173,394 shares during the period. Finally, Driehaus Capital Management LLC boosted its stake in Alkami Technology by 56.2% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,091,276 shares of the company’s stock worth $31,080,000 after purchasing an additional 392,483 shares during the period. Institutional investors and hedge funds own 54.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JMP Securities increased their price objective on shares of Alkami Technology from $38.00 to $41.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Needham & Company LLC raised their price target on shares of Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their price target on shares of Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Barclays raised their price target on shares of Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

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.