Alkami Technology, Inc. (NASDAQ:ALKT) Stock Holdings Lessened by AlphaQuest LLC

AlphaQuest LLC lowered its stake in Alkami Technology, Inc. (NASDAQ:ALKT) by 82.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,111 shares of the company’s stock after selling 5,345 shares during the period. AlphaQuest LLC’s holdings in Alkami Technology were worth $41,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in shares of Alkami Technology by 117.9% in 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 in the last quarter. Blue Trust Inc. increased its holdings in shares of Alkami Technology by 162.6% in the fourth quarter. Blue Trust Inc. now owns 3,188 shares of the company’s stock valued at $117,000 after buying an additional 1,974 shares in the last quarter. Icon Wealth Advisors LLC acquired a new stake in Alkami Technology during the 3rd quarter valued at $155,000. GSA Capital Partners LLP acquired a new stake in Alkami Technology during the 3rd quarter valued at $203,000. Finally, Stifel Financial Corp acquired a new stake in Alkami Technology during the 3rd quarter valued at $223,000. Institutional investors own 54.97% of the company’s stock.

Alkami Technology Trading Up 0.5 %

Shares of NASDAQ:ALKT opened at $26.27 on Friday. The stock has a market capitalization of $2.69 billion, a PE ratio of -55.89 and a beta of 0.49. Alkami Technology, Inc. has a 1 year low of $22.65 and a 1 year high of $42.29. The firm has a fifty day moving average price of $31.75 and a 200 day moving average price of $34.42. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05.

Alkami Technology (NASDAQ:ALKT) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The business had revenue of $89.66 million during the quarter, compared to the consensus estimate of $89.63 million. Alkami Technology had a negative return on equity of 11.31% and a negative net margin of 14.55%. Analysts expect that Alkami Technology, Inc. will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Alkami Technology news, insider Douglas A. Linebarger sold 4,358 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $30.41, for a total transaction of $132,526.78. Following the completion of the sale, the insider now directly owns 244,404 shares in the company, valued at $7,432,325.64. This represents a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO W Bryan Hill sold 17,409 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $30.41, for a total transaction of $529,407.69. Following the sale, the chief financial officer now owns 450,620 shares of the company’s stock, valued at $13,703,354.20. This trade represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,767 shares of company stock worth $4,004,934. Corporate insiders own 38.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ALKT. Stephens raised shares of Alkami Technology from an “equal weight” rating to an “overweight” rating and set a $40.00 target price on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. boosted their target price on shares of Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. The Goldman Sachs Group dropped their price target on shares of Alkami Technology from $39.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Finally, Barclays dropped their price target on shares of Alkami Technology from $41.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Alkami Technology 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.