SG Americas Securities LLC Invests $636,000 in Alkami Technology, Inc. $ALKT

SG Americas Securities LLC purchased a new position in Alkami Technology, Inc. (NASDAQ:ALKT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,622 shares of the company’s stock, valued at approximately $636,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC raised its holdings in Alkami Technology by 176.2% in the second quarter. CWM LLC now owns 942 shares of the company’s stock worth $28,000 after buying an additional 601 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Alkami Technology by 398.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,146 shares of the company’s stock valued at $35,000 after buying an additional 916 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of Alkami Technology during the second quarter valued at approximately $44,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Alkami Technology during the second quarter valued at approximately $49,000. Finally, Blue Trust Inc. raised its holdings in Alkami Technology by 27.6% in the 2nd quarter. Blue Trust Inc. now owns 1,852 shares of the company’s stock worth $56,000 after acquiring an additional 401 shares during the last quarter. 54.97% of the stock is currently owned by institutional investors.

Alkami Technology Price Performance

NASDAQ ALKT opened at $21.18 on Friday. The business’s fifty day moving average price is $21.80 and its 200-day moving average price is $23.43. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -49.26 and a beta of 0.53. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.17 and a quick ratio of 2.17. Alkami Technology, Inc. has a 1-year low of $18.71 and a 1-year high of $36.96.

Alkami Technology (NASDAQ:ALKT) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.29). The firm had revenue of $112.95 million during the quarter, compared to the consensus estimate of $113.48 million. Alkami Technology had a negative return on equity of 5.73% and a negative net margin of 10.63%.The business’s revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS. On average, equities analysts predict that Alkami Technology, Inc. will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ALKT shares. Zacks Research cut Alkami Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Needham & Company LLC decreased their price target on Alkami Technology from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, October 31st. JPMorgan Chase & Co. lowered their price target on Alkami Technology from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Citizens Jmp dropped their price objective on Alkami Technology from $46.00 to $40.00 and set a “market outperform” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Alkami Technology in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Alkami Technology currently has an average rating of “Moderate Buy” and an average price target of $36.00.

Insider Transactions at Alkami Technology

In other Alkami Technology news, insider Douglas A. Linebarger sold 8,179 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $20.34, for a total value of $166,360.86. Following the transaction, the insider directly owned 221,751 shares of the company’s stock, valued at approximately $4,510,415.34. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 18.10% of the company’s stock.

Alkami Technology Profile

Alkami Technology, Inc is a provider of cloud-based digital banking and engagement solutions tailored for banks and credit unions. The company’s platform offers a comprehensive suite of online and mobile banking features, including bill payment, peer-to-peer transfers, card management, streamlined account opening and real-time alerts, all designed to enhance the end-user experience and drive customer loyalty.

Built on a multi-tenant, software-as-a-service (SaaS) architecture hosted in the cloud, Alkami’s platform leverages modern APIs and a partner ecosystem to integrate third-party fintech applications and services.