Key Points
- Insider sale: Douglas Linebarger sold 5,518 ALKT shares on March 2 at an average price of $16.90 for $93,254, reducing his stake by 2.49% to 216,233 shares (≈$3.65M).
- Analyst revisions and consensus: Several firms cut price targets recently (e.g., Barclays $25→$21, Needham $32→$22, JPMorgan $38→$22), and MarketBeat shows an average rating of Hold with an average target of $28.57.
- Stock performance & fundamentals: ALKT traded around $16.74 with a 12‑month range of $14.11–$31.66, market cap ≈$1.78B, a negative P/E (~-36.4), and about 55% institutional ownership.
Alkami Technology, Inc. (NASDAQ:ALKT - Get Free Report) CAO Prerna Sachdeva sold 1,352 shares of Alkami Technology stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $16.90, for a total value of $22,848.80. Following the transaction, the chief accounting officer owned 63,608 shares in the company, valued at $1,074,975.20. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Alkami Technology Stock Up 0.6%
ALKT stock traded up $0.10 during mid-day trading on Thursday, hitting $16.59. 928,958 shares of the company were exchanged, compared to its average volume of 2,088,442. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.09 and a current ratio of 2.09. Alkami Technology, Inc. has a 1-year low of $14.11 and a 1-year high of $31.66. The firm's 50 day simple moving average is $19.54 and its 200 day simple moving average is $21.80. The firm has a market cap of $1.76 billion, a P/E ratio of -36.07 and a beta of 0.57.
Analyst Ratings Changes
Several equities research analysts recently commented on ALKT shares. Needham & Company LLC cut their price objective on shares of Alkami Technology from $32.00 to $22.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Citizens Jmp dropped their price target on Alkami Technology from $40.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Alkami Technology in a research report on Wednesday, January 21st. Barclays decreased their price objective on Alkami Technology from $25.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. reduced their price target on Alkami Technology from $38.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, February 18th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Alkami Technology has a consensus rating of "Hold" and an average price target of $28.57.
Get Our Latest Analysis on Alkami Technology
Institutional Investors Weigh In On Alkami Technology
Several hedge funds have recently bought and sold shares of ALKT. CWM LLC boosted its holdings in shares of Alkami Technology by 176.2% during the second quarter. CWM LLC now owns 942 shares of the company's stock worth $28,000 after acquiring an additional 601 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Alkami Technology by 398.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,146 shares of the company's stock worth $35,000 after purchasing an additional 916 shares during the last quarter. First Horizon Corp acquired a new stake in Alkami Technology during the 3rd quarter worth approximately $30,000. Assetmark Inc. bought a new stake in Alkami Technology in the 2nd quarter valued at $44,000. Finally, Smartleaf Asset Management LLC grew its holdings in Alkami Technology by 91.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,447 shares of the company's stock valued at $34,000 after buying an additional 692 shares in the last quarter. 54.97% of the stock is currently owned by institutional investors and hedge funds.
Alkami Technology Company Profile
(
Get Free Report)
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.
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