Alkami Technology (NASDAQ:ALKT) CAO Prerna Sachdeva Sells 1,352 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) CAO Prerna Sachdeva sold 1,352 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $16.90, for a total value of $22,848.80. Following the completion of the transaction, the chief accounting officer directly owned 63,608 shares of the company’s stock, valued at approximately $1,074,975.20. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Alkami Technology Trading Down 2.7%

ALKT stock traded down $0.45 during midday trading on Wednesday, reaching $16.49. The stock had a trading volume of 2,092,407 shares, compared to its average volume of 2,460,528. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -35.85 and a beta of 0.57. Alkami Technology, Inc. has a twelve month low of $14.11 and a twelve month high of $31.66. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $19.54 and a two-hundred day simple moving average of $21.80.

Institutional Investors Weigh In On Alkami Technology

Hedge funds have recently modified their holdings of the company. AlphaQuest LLC boosted its position in shares of Alkami Technology by 54.5% during the third quarter. AlphaQuest LLC now owns 1,542 shares of the company’s stock worth $38,000 after buying an additional 544 shares during the period. Amundi boosted its holdings in Alkami Technology by 1.9% during the 1st quarter. Amundi now owns 29,040 shares of the company’s stock valued at $731,000 after acquiring an additional 548 shares during the period. Advisors Asset Management Inc. boosted its holdings in Alkami Technology by 32.4% during the 1st quarter. Advisors Asset Management Inc. now owns 2,425 shares of the company’s stock valued at $64,000 after acquiring an additional 594 shares during the period. CWM LLC increased its stake in Alkami Technology by 176.2% during the second quarter. CWM LLC now owns 942 shares of the company’s stock worth $28,000 after purchasing an additional 601 shares during the period. Finally, Legal & General Group Plc increased its stake in Alkami Technology by 0.8% during the third quarter. Legal & General Group Plc now owns 85,071 shares of the company’s stock worth $2,113,000 after purchasing an additional 691 shares during the period. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ALKT shares. JPMorgan Chase & Co. dropped their target price on shares of Alkami Technology from $38.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Zacks Research downgraded shares of Alkami Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Needham & Company LLC reduced their target price on Alkami Technology from $32.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Alkami Technology in a research report on Wednesday, January 21st. Finally, Citizens Jmp dropped their target price on shares of Alkami Technology from $40.00 to $28.00 and set a “market outperform” rating for the company in a report on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Alkami Technology currently has an average rating of “Hold” and a consensus target price of $28.57.

Alkami Technology Company 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.