Shares of Alkami Technology, Inc. (NASDAQ:ALKT – Get Rating) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $21.67.
Several equities analysts recently issued reports on the company. Stephens began coverage on Alkami Technology in a research report on Wednesday, September 14th. They set an “overweight” rating and a $18.00 price target on the stock. Barclays upped their price target on shares of Alkami Technology from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, August 4th. Finally, Needham & Company LLC raised their price target on shares of Alkami Technology from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, August 4th.
Insider Transactions at Alkami Technology
In related news, insider Douglas A. Linebarger sold 100,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $13.98, for a total value of $1,398,000.00. Following the completion of the transaction, the insider now directly owns 90,382 shares of the company’s stock, valued at $1,263,540.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Douglas A. Linebarger sold 100,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $13.98, for a total value of $1,398,000.00. Following the sale, the insider now directly owns 90,382 shares of the company’s stock, valued at $1,263,540.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael D. Hansen sold 73,302 shares of the firm’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $12.94, for a total value of $948,527.88. Following the transaction, the director now directly owns 371,072 shares of the company’s stock, valued at approximately $4,801,671.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,600 shares of company stock valued at $2,580,570. Company insiders own 40.00% of the company’s stock.
Hedge Funds Weigh In On Alkami Technology
A number of hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new stake in Alkami Technology during the third quarter valued at $37,000. Ensign Peak Advisors Inc increased its holdings in Alkami Technology by 84.1% during the third quarter. Ensign Peak Advisors Inc now owns 2,890 shares of the company’s stock valued at $43,000 after buying an additional 1,320 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Alkami Technology during the 1st quarter valued at $45,000. Amalgamated Bank bought a new stake in shares of Alkami Technology during the 1st quarter valued at $65,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Alkami Technology in the 2nd quarter worth $78,000. Hedge funds and other institutional investors own 52.74% of the company’s stock.
Alkami Technology Stock Performance
NASDAQ ALKT opened at $11.83 on Monday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -15.99 and a beta of 0.30. The company has a 50-day simple moving average of $14.29 and a two-hundred day simple moving average of $14.00. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.25. Alkami Technology has a 12-month low of $9.23 and a 12-month high of $29.07.
Alkami Technology Company Profile
Alkami Technology, Inc offers a cloud-based digital banking platform in the United States. The company’s platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietary, cloud-based, multi-tenant architecture.
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