Alkami Technology (NASDAQ:ALKT) Insider Douglas Linebarger Sells 5,518 Shares of Stock

Alkami Technology, Inc. (NASDAQ:ALKT) insider Douglas Linebarger sold 5,518 shares of the company’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 $93,254.20. Following the transaction, the insider owned 216,233 shares in the company, valued at approximately $3,654,337.70. This trade represents a 2.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alkami Technology Stock Performance

Alkami Technology stock traded up $0.25 during mid-day trading on Thursday, reaching $16.74. 728,248 shares of the company traded hands, compared to its average volume of 2,086,225. The firm’s fifty day moving average is $19.54 and its two-hundred day moving average is $21.80. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of -36.39 and a beta of 0.57. Alkami Technology, Inc. has a fifty-two week low of $14.11 and a fifty-two week 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.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. CWM LLC lifted its position in shares of Alkami Technology by 176.2% during the 2nd quarter. CWM LLC now owns 942 shares of the company’s stock valued at $28,000 after buying an additional 601 shares in the last quarter. First Horizon Corp purchased a new position in Alkami Technology during the third quarter valued at $30,000. Smartleaf Asset Management LLC grew its position 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. EverSource Wealth Advisors LLC increased its stake 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 worth $35,000 after purchasing an additional 916 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Alkami Technology in the 4th quarter valued at about $37,000. 54.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALKT has been the subject of a number of research reports. Needham & Company LLC lowered their price target on Alkami Technology from $32.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. JPMorgan Chase & Co. reduced their target price on shares of Alkami Technology from $38.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Citizens Jmp lowered 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 report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alkami Technology in a research report on Wednesday, January 21st. Finally, Barclays decreased their price objective on 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Alkami Technology has a consensus rating of “Hold” and an average target price of $28.57.

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.