Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Holdings in Alkami Technology, Inc. $ALKT

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in Alkami Technology, Inc. (NASDAQ:ALKT) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,219 shares of the company’s stock after selling 3,138 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.12% of Alkami Technology worth $3,804,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ALKT. CWM LLC grew its position in Alkami Technology by 176.2% in the 2nd quarter. CWM LLC now owns 942 shares of the company’s stock valued at $28,000 after buying an additional 601 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of Alkami Technology in the 2nd quarter worth $44,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Alkami Technology in the 2nd quarter worth $49,000. Blue Trust Inc. boosted its holdings 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 valued at $56,000 after acquiring 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 worth about $59,000. 54.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALKT has been the subject of a number of recent analyst reports. Needham & Company LLC reduced their price objective on shares of Alkami Technology from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Barclays cut their target price on Alkami Technology from $30.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, October 31st. The Goldman Sachs Group reduced their price target on Alkami Technology from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Citizens Jmp decreased their price target on Alkami Technology from $46.00 to $40.00 and set a “market outperform” rating on the stock in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. cut their price objective on Alkami Technology from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $36.00.

Alkami Technology Price Performance

Shares of NASDAQ:ALKT opened at $21.51 on Friday. The business’s 50 day simple moving average is $22.87 and its 200-day simple moving average is $25.69. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -50.02 and a beta of 0.55. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.17 and a quick ratio of 2.17. Alkami Technology, Inc. has a 12 month low of $18.71 and a 12 month high of $42.29.

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

Insider Activity

In other Alkami Technology news, CAO Prerna Sachdeva sold 2,967 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $24.76, for a total value of $73,462.92. Following the sale, the chief accounting officer owned 66,061 shares of the company’s stock, valued at $1,635,670.36. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO W Bryan Hill sold 20,366 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 409,889 shares of the company’s stock, valued at approximately $10,148,851.64. This trade represents a 4.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 18.10% of the stock is owned by insiders.

About Alkami Technology

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.