Alkami Technology, Inc. (NASDAQ:ALKT) Insider Douglas A. Linebarger Sells 502 Shares

Alkami Technology, Inc. (NASDAQ:ALKT) insider Douglas A. Linebarger sold 502 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $38.00, for a total value of $19,076.00. Following the transaction, the insider now owns 248,585 shares of the company’s stock, valued at approximately $9,446,230. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Alkami Technology Stock Performance

Shares of ALKT stock opened at $37.79 on Thursday. The stock has a market capitalization of $3.80 billion, a PE ratio of -80.40 and a beta of 0.43. Alkami Technology, Inc. has a 52-week low of $21.19 and a 52-week high of $41.36. The stock’s 50-day moving average price is $33.98 and its 200 day moving average price is $31.00. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ALKT shares. The Goldman Sachs Group upped their target price on Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. JMP Securities upped their target price on Alkami Technology from $38.00 to $41.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Needham & Company LLC upped 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. Lake Street Capital upped their target price on Alkami Technology from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Barclays increased their price target on Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.44.

Institutional Investors Weigh In On Alkami Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Park Place Capital Corp purchased a new stake in Alkami Technology in the 3rd quarter valued at approximately $28,000. Advisors Asset Management Inc. lifted its stake 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 during the period. Blue Trust Inc. increased its holdings in shares of Alkami Technology by 507.0% during the 3rd quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock worth $38,000 after buying an additional 1,014 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Alkami Technology during the 2nd quarter worth $40,000. Finally, Covestor Ltd increased its holdings in shares of Alkami Technology by 6,300.0% during the 3rd quarter. Covestor Ltd now owns 2,688 shares of the company’s stock worth $85,000 after buying an additional 2,646 shares during the last quarter. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Alkami Technology Company Profile

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.