W Bryan Hill Sells 100,000 Shares of Alkami Technology, Inc. (NASDAQ:ALKT) Stock

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 100,000 shares of Alkami Technology stock in a transaction on Monday, December 16th. The shares were sold at an average price of $39.77, for a total transaction of $3,977,000.00. Following the completion of the sale, the chief financial officer now owns 353,841 shares in the company, valued at $14,072,256.57. The trade was a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

W Bryan Hill also recently made the following trade(s):

• On Tuesday, December 3rd, W Bryan Hill sold 17,807 shares of Alkami Technology stock. The shares were sold at an average price of $38.37, for a total value of $683,254.59.
• On Monday, November 25th, W Bryan Hill sold 99,755 shares of Alkami Technology stock. The shares were sold at an average price of $41.89, for a total value of $4,178,736.95.
• On Thursday, November 21st, W Bryan Hill sold 110,250 shares of Alkami Technology stock. The stock was sold at an average price of $38.62, for a total value of $4,257,855.00.
• On Monday, November 18th, W Bryan Hill sold 100,000 shares of Alkami Technology stock. The shares were sold at an average price of $36.31, for a total value of $3,631,000.00.
• On Monday, September 23rd, W Bryan Hill sold 55,046 shares of Alkami Technology stock. The stock was sold at an average price of $31.19, for a total transaction of $1,716,884.74.

Alkami Technology Trading Up 1.9 %

ALKT stock opened at $38.67 on Friday. Alkami Technology, Inc. has a 52 week low of $22.62 and a 52 week high of $42.29. The company has a market capitalization of $3.89 billion, a PE ratio of -82.28 and a beta of 0.46. The company’s 50-day simple moving average is $38.02 and its 200 day simple moving average is $33.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52.

Analyst Upgrades and Downgrades

ALKT has been the subject of a number of analyst reports. Needham & Company LLC lifted their price objective 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. JMP Securities upped their price objective on Alkami Technology from $38.00 to $41.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. Barclays lifted their target price on Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their price target on Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Craig Hallum raised their price target on Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Alkami Technology has an average rating of “Moderate Buy” and a consensus target price of $40.88.

Institutional Trading of Alkami Technology

Institutional investors have recently bought and sold shares of the business. Park Place Capital Corp bought a new stake in shares of Alkami Technology in the third quarter valued at approximately $28,000. Advisors Asset Management Inc. grew its holdings in shares of Alkami Technology by 117.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock worth $37,000 after purchasing an additional 631 shares in the last quarter. Blue Trust Inc. raised its stake in Alkami Technology by 507.0% in the third quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock valued at $38,000 after purchasing an additional 1,014 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Alkami Technology in the second quarter valued at about $40,000. Finally, Covestor Ltd lifted its position in Alkami Technology by 6,300.0% during the third quarter. Covestor Ltd now owns 2,688 shares of the company’s stock worth $85,000 after purchasing an additional 2,646 shares during the period. Institutional investors own 54.97% of the company’s stock.

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.