JANA Partners Management LP Has $85.11 Million Stock Holdings in Alkami Technology, Inc. $ALKT

JANA Partners Management LP lifted its holdings in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 11.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,431,388 shares of the company’s stock after purchasing an additional 536,723 shares during the quarter. Alkami Technology accounts for about 5.1% of JANA Partners Management LP’s portfolio, making the stock its 7th biggest position. JANA Partners Management LP owned about 0.05% of Alkami Technology worth $85,110,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ALKT. Optiver Holding B.V. bought a new position in shares of Alkami Technology during the 1st quarter valued at about $36,000. Lavelle Capital LP bought a new stake in Alkami Technology during the 1st quarter worth approximately $762,000. Essential Partners LLC increased its stake in Alkami Technology by 7,090.9% during the 1st quarter. Essential Partners LLC now owns 2,373 shares of the company’s stock worth $37,000 after purchasing an additional 2,340 shares in the last quarter. Bank of America Corp DE raised its holdings in Alkami Technology by 5.7% during the 1st quarter. Bank of America Corp DE now owns 1,132,794 shares of the company’s stock worth $17,751,000 after buying an additional 61,501 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Alkami Technology by 20.2% during the 1st quarter. Janus Henderson Group PLC now owns 3,855,334 shares of the company’s stock worth $60,413,000 after buying an additional 646,898 shares during the period. Institutional investors and hedge funds own 54.97% of the company’s stock.

Alkami Technology Price Performance

ALKT stock opened at $18.17 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.13 and a quick ratio of 2.13. The stock has a market capitalization of $1.94 billion, a P/E ratio of -43.26 and a beta of 0.58. The business has a 50-day moving average of $16.94 and a 200-day moving average of $17.25. Alkami Technology, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $26.89.

Insider Transactions at Alkami Technology

In other news, Director Atlantic Genpar (Bermu General bought 675,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $16.49 per share, for a total transaction of $11,130,750.00. Following the purchase, the director 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 3,519,772 shares of company stock valued at $58,766,308. 17.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citizens Jmp reduced their price target on shares of Alkami Technology from $28.00 to $23.00 and set a “market outperform” rating for the company in a report on Thursday, April 30th. Weiss Ratings restated a “sell (e+)” rating on shares of Alkami Technology in a report on Friday, June 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Alkami Technology from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Monday, June 22nd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.