Shares of Alkami Technology, Inc. (NASDAQ:ALKT – Get Rating ) has been assigned 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 target price among analysts that have covered the stock in the last year is $21.67.
Several equities analysts have 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 target price on the stock. Barclays boosted their target price 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 boosted their target price 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.
Alkami Technology insider trading
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 at 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 shares were 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 on the SEC’s 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. Disclosure of this sale can be found here. Over the last ninety days, insiders have sold 190,600 shares of company stock worth $2,580,570. Company insiders own 40.00% of the company’s shares.
Hedge funds weigh 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 in the third quarter valued at $37,000. Ensign Peak Advisors Inc boosted its holdings in Alkami Technology by 84.1% in the third quarter. Ensign Peak Advisors Inc now owns 2,890 shares of the company’s stock valued at $43,000 after purchasing an additional 1,320 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Alkami Technology during the first quarter valued at $45,000. Amalgamated Bank bought a new stake in shares of Alkami Technology in the first quarter valued at $65,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Alkami Technology in the second quarter valued at $78,000. The hedge fund and other institutional investors owned 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 enables financial institutions to onboard and engage new users, accelerate revenue and improve operational efficiency, supported by a proprietary, cloud-based, multi-tenant architecture.
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