Alkami Technology, Inc. $ALKT Holdings Reduced by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in Alkami Technology, Inc. (NASDAQ:ALKT) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 720,126 shares of the company’s stock after selling 128,178 shares during the quarter. Loomis Sayles & Co. L P owned about 0.69% of Alkami Technology worth $21,705,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ALKT. CWM LLC grew its holdings in Alkami Technology by 176.2% in the 2nd quarter. CWM LLC now owns 942 shares of the company’s stock worth $28,000 after buying an additional 601 shares in the last quarter. Assetmark Inc. acquired a new position in Alkami Technology during the 2nd quarter worth $44,000. Emerald Mutual Fund Advisers Trust acquired a new position in Alkami Technology during the 2nd quarter worth $49,000. Blue Trust Inc. grew its stake in shares of Alkami Technology by 27.6% in the second quarter. Blue Trust Inc. now owns 1,852 shares of the company’s stock worth $56,000 after purchasing an additional 401 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Alkami Technology during the first quarter valued at $59,000. 54.97% of the stock is currently owned by institutional investors and hedge funds.

Alkami Technology Stock Performance

NASDAQ:ALKT opened at $21.32 on Friday. Alkami Technology, Inc. has a twelve month low of $18.71 and a twelve month high of $40.99. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average of $22.43 and a 200-day moving average of $25.39. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -49.58 and a beta of 0.55.

Alkami Technology (NASDAQ:ALKT) last released its earnings results on Thursday, October 30th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.29). Alkami Technology had a negative return on equity of 5.73% and a negative net margin of 10.63%.The business had revenue of $112.95 million during the quarter, compared to the consensus estimate of $113.48 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. Alkami Technology has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts forecast that Alkami Technology, Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Alkami Technology

In other news, CFO W Bryan Hill sold 20,366 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $24.76, for a total transaction of $504,262.16. Following the completion of the sale, the chief financial officer owned 409,889 shares in the company, valued at approximately $10,148,851.64. This represents a 4.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Prerna Sachdeva sold 2,967 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $24.76, for a total value of $73,462.92. Following the sale, the chief accounting officer directly owned 66,061 shares of the company’s stock, valued at approximately $1,635,670.36. This represents a 4.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 18.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ALKT. Zacks Research downgraded shares of Alkami Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Citizens Jmp dropped their price target on shares of 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. Needham & Company LLC decreased their price objective on shares of Alkami Technology from $40.00 to $32.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alkami Technology in a research note on Wednesday, October 8th. Finally, Barclays dropped their target price on Alkami Technology from $30.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.00.

Alkami Technology Profile

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.