W Bryan Hill Sells 99,755 Shares of Alkami Technology, Inc. (NASDAQ:ALKT) Stock

Alkami Technology, Inc. (NASDAQ:ALKT) CFO W Bryan Hill sold 99,755 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $41.89, for a total value of $4,178,736.95. Following the completion of the sale, the chief financial officer now directly owns 371,648 shares of the company’s stock, valued at approximately $15,568,334.72. This trade represents a 21.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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.
• On Thursday, September 5th, W Bryan Hill sold 17,937 shares of Alkami Technology stock. The shares were sold at an average price of $31.59, for a total transaction of $566,629.83.

Alkami Technology Stock Performance

ALKT traded down $2.53 on Tuesday, hitting $39.69. The company’s stock had a trading volume of 1,968,854 shares, compared to its average volume of 521,784. Alkami Technology, Inc. has a 12 month low of $21.19 and a 12 month high of $42.29. The firm has a market cap of $3.99 billion, a P/E ratio of -84.45 and a beta of 0.43. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. The company’s 50 day simple moving average is $35.34 and its 200-day simple moving average is $31.73.

Hedge Funds Weigh In On Alkami Technology

A number of large investors have recently modified their holdings of the company. nVerses Capital LLC boosted its stake in Alkami Technology by 16.1% during the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $114,000 after buying an additional 500 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Alkami Technology by 117.9% during 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. Harbor Capital Advisors Inc. increased its holdings in shares of Alkami Technology by 12.7% in the third quarter. Harbor Capital Advisors Inc. now owns 6,112 shares of the company’s stock worth $193,000 after buying an additional 691 shares during the period. Park Place Capital Corp bought a new stake in shares of Alkami Technology in the 3rd quarter valued at about $28,000. Finally, Blue Trust Inc. grew its holdings in shares of Alkami Technology by 507.0% in the third quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock worth $38,000 after purchasing an additional 1,014 shares during the last quarter. 54.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on ALKT. The Goldman Sachs Group increased their price objective on shares of Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Craig Hallum increased their price target on Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JMP Securities boosted their price objective on Alkami Technology from $38.00 to $41.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. Needham & Company LLC raised their target price on Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Lake Street Capital boosted their price target on shares of Alkami Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Alkami Technology presently has an average rating of “Moderate Buy” and an average price target of $37.44.

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.