Alkami Technology, Inc. $ALKT Shares Purchased by George Kaiser Family Foundation

George Kaiser Family Foundation raised its stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 35.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,678 shares of the company’s stock after acquiring an additional 40,482 shares during the quarter. Alkami Technology makes up 0.5% of George Kaiser Family Foundation’s portfolio, making the stock its 11th biggest position. George Kaiser Family Foundation owned 0.15% of Alkami Technology worth $3,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. AlphaQuest LLC raised its stake in shares of Alkami Technology by 54.5% in the 3rd quarter. AlphaQuest LLC now owns 1,542 shares of the company’s stock valued at $38,000 after purchasing an additional 544 shares in the last quarter. Amundi raised its stake in Alkami Technology by 1.9% during the first quarter. Amundi now owns 29,040 shares of the company’s stock valued at $731,000 after buying an additional 548 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Alkami Technology by 32.4% during the first quarter. Advisors Asset Management Inc. now owns 2,425 shares of the company’s stock valued at $64,000 after buying an additional 594 shares in the last quarter. CWM LLC lifted its holdings in Alkami Technology by 176.2% during the 2nd 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. Finally, Trust Point Inc. grew its position in shares of Alkami Technology by 8.6% in the 3rd quarter. Trust Point Inc. now owns 9,064 shares of the company’s stock worth $225,000 after acquiring an additional 717 shares in the last quarter. Institutional investors own 54.97% of the company’s stock.

Insider Activity

In other Alkami Technology news, CFO Cassandra Hudson sold 6,869 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $16.90, for a total transaction of $116,086.10. Following the completion of the transaction, the chief financial officer directly owned 286,757 shares of the company’s stock, valued at $4,846,193.30. The trade was a 2.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Douglas A. Linebarger sold 5,518 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $16.90, for a total transaction of $93,254.20. Following the completion of the transaction, the insider owned 216,233 shares of the company’s stock, valued at approximately $3,654,337.70. This trade represents a 2.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 13,739 shares of company stock valued at $232,189 in the last 90 days. Insiders own 18.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Alkami Technology from $38.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alkami Technology in a report on Wednesday, January 21st. Needham & Company LLC lowered their target price on shares of Alkami Technology from $32.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Citizens Jmp reduced their price target on shares of Alkami Technology from $40.00 to $28.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 26th. Finally, Barclays decreased their price target on shares of Alkami Technology from $25.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Five 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 stock. Based on data from MarketBeat.com, Alkami Technology has an average rating of “Hold” and an average target price of $28.57.

Alkami Technology Price Performance

Shares of ALKT opened at $16.49 on Thursday. Alkami Technology, Inc. has a 12 month low of $14.11 and a 12 month high of $31.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.09 and a quick ratio of 2.09. The stock has a fifty day moving average price of $19.54 and a 200 day moving average price of $21.80. The company has a market cap of $1.75 billion, a P/E ratio of -35.85 and a beta of 0.57.

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.