Key Points
- Atlantic L.P. General (a director) made large insider purchases of Alkami stock — 842,266 shares on Mar 9, plus 1,103,749 on Mar 10 and 900,000 on Mar 11 — totaling about 2.85 million shares (~$50.6M), increasing its stake to 12,875,702 shares (a 7% rise).
- Alkami (NASDAQ:ALKT) trades around $18.57 with a market cap near $1.97 billion; analysts are mixed (average rating "Hold" and average price target $28.57) after several recent price-target cuts.
Alkami Technology, Inc. (NASDAQ:ALKT - Get Free Report) Director Atlantic L.P. General purchased 842,266 shares of the company's stock in a transaction on Monday, March 9th. The shares were purchased at an average price of $17.35 per share, with a total value of $14,613,315.10. Following the completion of the purchase, the director directly owned 12,875,702 shares of the company's stock, valued at $223,393,429.70. The trade was a 7.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Atlantic L.P. General also recently made the following trade(s):
- On Wednesday, March 11th, Atlantic L.P. General acquired 900,000 shares of Alkami Technology stock. The stock was purchased at an average price of $18.41 per share, for a total transaction of $16,569,000.00.
- On Tuesday, March 10th, Atlantic L.P. General bought 1,103,749 shares of Alkami Technology stock. The shares were purchased at an average price of $17.56 per share, with a total value of $19,381,832.44.
Alkami Technology Price Performance
ALKT opened at $18.57 on Thursday. The company has a 50 day moving average of $18.97 and a two-hundred day moving average of $21.60. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.01. Alkami Technology, Inc. has a 52-week low of $14.11 and a 52-week high of $31.66. The company has a market cap of $1.97 billion, a P/E ratio of -40.37 and a beta of 0.57.
Hedge Funds Weigh In On Alkami Technology
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amundi grew its stake in shares of Alkami Technology by 1.9% during the first quarter. Amundi now owns 29,040 shares of the company's stock valued at $731,000 after acquiring an additional 548 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Alkami Technology by 32.4% in the first quarter. Advisors Asset Management Inc. now owns 2,425 shares of the company's stock worth $64,000 after acquiring an additional 594 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Alkami Technology by 19.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,081 shares of the company's stock worth $947,000 after acquiring an additional 5,884 shares in the last quarter. Millennium Management LLC boosted its holdings in Alkami Technology by 64.7% in the first quarter. Millennium Management LLC now owns 698,677 shares of the company's stock valued at $18,340,000 after purchasing an additional 274,439 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Alkami Technology by 11.1% in the first quarter. Goldman Sachs Group Inc. now owns 720,770 shares of the company's stock valued at $18,920,000 after purchasing an additional 71,949 shares during the last quarter. 54.97% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ALKT has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on Alkami Technology from $38.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 18th. Citizens Jmp dropped their target price on Alkami Technology from $40.00 to $28.00 and set a "market outperform" rating on the stock in a report on Thursday, February 26th. Needham & Company LLC reduced their price target on Alkami Technology from $32.00 to $22.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Weiss Ratings restated a "sell (d-)" rating on shares of Alkami Technology in a report on Wednesday, January 21st. Finally, Barclays lowered their price objective on shares of Alkami Technology from $25.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, February 26th. Five 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 stock. Based on data from MarketBeat.com, Alkami Technology has an average rating of "Hold" and an average price target of $28.57.
Check Out Our Latest Stock Report on Alkami Technology
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.
Further Reading
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