Alkami Technology, Inc. (NASDAQ: ALKT – Get Rating) domestic investor Douglas A. Leinbarger sold 1,166 shares of the company’s shares in a deal on Thursday (June 2nd). The shares were sold at an average price of $ 14.37, for a total value of $ 16,755.42. Following the completion of the transaction, the insider now directly owns 91,509 shares of the company’s shares worth $ 1,314,984.33. The transaction is disclosed in a document submitted to the SEC, which is accessible through this link.
Shares of NASDAQ ALKT opened at $ 14.56 on Friday. The company has a current ratio of 9.78, a fast ratio of 9.78 and a debt to equity ratio of 0.07. Alkami Technology, Inc. has a 12-month low of $ 9.23 and a 12-month high of $ 38.63. The stock has a 50-day simple moving average of $ 12.64 and a 200-day simple moving average of $ 16.31.
Alkami Technology (NASDAQ: ALKT – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported ($ 0.05) earnings per share (EPS) for the quarter, exceeding the consensus estimate of ($ 0.06) by $ 0.01. Alkami Technology had a negative return on equity of 13.11% and a negative net profit of 30.15%. The company had revenue of $ 44.79 million for the quarter, compared to analysts’ expectations of $ 43.90 million. In the same quarter of the previous year, the company earned ($ 1.30) earnings per share. The company’s revenues increased by 34.7% on an annual basis. As a group, stock analysts predict that Alkami Technology, Inc. will report -0.65 earnings per share for the current year.
A number of large investors have recently made changes in their business positions. Jane Street Group LLC acquired a new stake in Alkami Technology in the first quarter worth $ 178,000. Point72 Hong Kong Ltd bought a new stake in Alkami Technology in the first quarter worth $ 45,000. Select Equity Group LP increased its stake in Alkami Technology by 10.8% in the first quarter. Select Equity Group LP now owns 60,390 shares of the company’s stock worth $ 864,000 after acquiring an additional 5,862 shares in the last quarter. State Street Corp increased its stake in Alkami Technology by 4.8% in the first quarter. State Street Corp. already owns 510,461 shares of the company, valued at $ 7,305,000, after acquiring an additional 23,154 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Alkami Technology in the first quarter worth $ 776,000. 49.50% of the shares are currently owned by institutional investors.
Several research companies have joined ALKT. Zacks Investment Research downgraded Alkami Technology from a “hold” rating to a “sell” rating in a research report on Tuesday (May 17th). Barclays reduced its target price for Alkami Technology from $ 17.00 to $ 15.00 in a report on Monday, May 9. Finally, Needham & Company LLC lowered its price target for Alkami Technology from $ 40.00 to $ 22.00 and set a “buy” rating for the shares in a research report on Thursday, February 24th. One analyst rated the shares with a sell rating, one issued a hold rating and three assigned a buy rating to the company. According to MarketBeat.com, Alkami Technology currently has a consensus hold rating and an average target price of $ 24.25.
For Alkami Technology (Get an estimate)
Alkami Technology, Inc. offers a cloud platform for digital banking in the United States. The company’s platform allows financial institutions to engage and engage new customers, accelerate revenue and increase operational efficiency by supporting its own multi-tenant cloud-based architecture.
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