Alkami Technology, Inc. $ALKT Shares Acquired by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC increased its stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 26.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,610 shares of the company’s stock after buying an additional 31,135 shares during the quarter. Alkami Technology comprises approximately 1.3% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding. Taylor Frigon Capital Management LLC owned 0.14% of Alkami Technology worth $2,344,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ALKT. EverSource Wealth Advisors LLC lifted its position in Alkami Technology by 398.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,146 shares of the company’s stock worth $35,000 after acquiring an additional 916 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Alkami Technology by 91.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,447 shares of the company’s stock valued at $34,000 after purchasing an additional 692 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Alkami Technology in the fourth quarter worth about $37,000. CWM LLC lifted its holdings in shares of Alkami Technology by 97.6% during the fourth quarter. CWM LLC now owns 1,942 shares of the company’s stock worth $45,000 after purchasing an additional 959 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Alkami Technology during the fourth quarter worth about $48,000. 54.97% of the stock is owned by institutional investors and hedge funds.

Alkami Technology Price Performance

NASDAQ:ALKT opened at $17.69 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.30 and a quick ratio of 2.30. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of -37.64 and a beta of 0.57. The company has a 50 day moving average price of $16.67 and a 200-day moving average price of $17.89. Alkami Technology, Inc. has a 1-year low of $13.98 and a 1-year high of $30.88.

Alkami Technology (NASDAQ:ALKT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.30). The firm had revenue of $126.14 million for the quarter, compared to analysts’ expectations of $125.22 million. Alkami Technology had a negative return on equity of 8.91% and a negative net margin of 10.55%.The business’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period last year, the company posted $0.08 earnings per share. Equities research analysts forecast that Alkami Technology, Inc. will post 0.18 EPS for the current year.

Insider Activity

In other Alkami Technology news, Director Atlantic Genpar (Bermu General bought 675,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $16.49 per share, for a total transaction of $11,130,750.00. Following the transaction, the director directly owned 19,420,994 shares of the company’s stock, valued at approximately $320,252,191.06. The trade was a 3.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have bought 4,041,543 shares of company stock worth $67,594,674. Corporate insiders own 17.10% of the company’s stock.

Wall Street Analyst Weigh In

ALKT has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Alkami Technology in a research report on Friday, June 5th. JPMorgan Chase & Co. lowered their price target on shares of Alkami Technology from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, June 22nd. Finally, Citizens Jmp reduced their price objective on Alkami Technology from $28.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, April 30th. Three 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $22.20.

About Alkami Technology

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.