Key Points
- Director Joseph Payne bought 5,500 shares of Alkami on March 11 at an average price of $18.23 (total ~$100,265), increasing his direct stake to 26,628 shares — a 26.03% rise in his ownership.
- Alkami has a market cap of ~$1.91 billion, a negative P/E, a 12‑month range of $14.11–$31.66 and institutional ownership of about 55%; analysts have trimmed targets and the consensus rating is currently "Hold" with a $26.67 target.
Alkami Technology, Inc. (NASDAQ:ALKT - Get Free Report) Director Joseph Payne bought 5,500 shares of Alkami Technology stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average price of $18.23 per share, with a total value of $100,265.00. Following the purchase, the director directly owned 26,628 shares of the company's stock, valued at approximately $485,428.44. This represents a 26.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Alkami Technology Stock Performance
NASDAQ ALKT opened at $18.00 on Friday. The firm has a market cap of $1.91 billion, a P/E ratio of -39.13 and a beta of 0.57. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.01. The company's 50 day moving average is $18.78 and its 200-day moving average is $21.53. Alkami Technology, Inc. has a 12-month low of $14.11 and a 12-month high of $31.66.
Institutional Trading of Alkami Technology
A number of hedge funds and other institutional investors have recently bought and sold shares of ALKT. General Atlantic L.P. lifted its stake in Alkami Technology by 24.3% in the 3rd quarter. General Atlantic L.P. now owns 11,991,480 shares of the company's stock worth $297,868,000 after purchasing an additional 2,346,162 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Alkami Technology by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 8,414,419 shares of the company's stock valued at $194,121,000 after purchasing an additional 456,275 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of Alkami Technology by 33.1% in the fourth quarter. Westfield Capital Management Co. LP now owns 4,118,355 shares of the company's stock worth $95,010,000 after purchasing an additional 1,023,297 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in shares of Alkami Technology by 56.3% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,872,873 shares of the company's stock worth $96,202,000 after purchasing an additional 1,394,617 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Alkami Technology by 13.3% in the third quarter. Alliancebernstein L.P. now owns 3,679,746 shares of the company's stock worth $91,405,000 after buying an additional 430,632 shares in the last quarter. Institutional investors own 54.97% of the company's stock.
Wall Street Analyst Weigh In
ALKT has been the topic of a number of analyst reports. Citizens Jmp lowered their target price on shares of Alkami Technology from $40.00 to $28.00 and set a "market outperform" rating on the stock in a report on Thursday, February 26th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Alkami Technology in a report on Wednesday, January 21st. Barclays reduced their price target on 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. Needham & Company LLC dropped their price objective on Alkami Technology from $32.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. dropped their price objective on Alkami Technology from $38.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Alkami Technology presently has a consensus rating of "Hold" and a consensus target price of $26.67.
Read Our Latest Research Report on Alkami Technology
About Alkami Technology
(
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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