Douglas A. Linebarger Sells 502 Shares of Alkami Technology, Inc. (NASDAQ:ALKT) Stock

Alkami Technology, Inc. (NASDAQ:ALKT) insider Douglas A. Linebarger sold 502 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $38.00, for a total transaction of $19,076.00. Following the transaction, the insider now directly owns 248,585 shares of the company’s stock, valued at approximately $9,446,230. This trade represents a 0.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alkami Technology Stock Performance

ALKT stock opened at $36.90 on Friday. Alkami Technology, Inc. has a one year low of $21.19 and a one year high of $41.36. The firm’s 50 day moving average price is $34.09 and its 200-day moving average price is $31.04. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ALKT shares. JMP Securities raised their price objective on shares of Alkami Technology from $38.00 to $41.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Needham & Company LLC lifted their target price on shares of Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays upped their price target on shares of Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on Alkami Technology from $34.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Craig Hallum raised their target price on Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Alkami Technology currently has an average rating of “Moderate Buy” and an average target price of $37.44.

Institutional Investors Weigh In On Alkami Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALKT. Park Place Capital Corp purchased a new position in shares of Alkami Technology during the 3rd quarter worth $28,000. Advisors Asset Management Inc. lifted its position in Alkami Technology by 117.9% in the third quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock valued at $37,000 after buying an additional 631 shares during the last quarter. Blue Trust Inc. boosted its stake in Alkami Technology by 507.0% during the third quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock worth $38,000 after buying an additional 1,014 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Alkami Technology in the 2nd quarter valued at approximately $40,000. Finally, Perkins Coie Trust Co acquired a new position in shares of Alkami Technology in the 2nd quarter worth approximately $85,000. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Alkami Technology Company 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.