Alkami Technology, Inc. (NASDAQ:ALKT) Director Michael D. Hansen Sells 4,313 Shares

Alkami Technology, Inc. (NASDAQ:ALKTGet Rating) Director Michael D. Hansen sold 4,313 shares of Alkami Technology stock in a transaction on Sunday, May 15th. The stock was sold at an average price of $10.51, for a total transaction of $45,329.63. Following the completion of the transaction, the director now owns 284,779 shares in the company, valued at approximately $2,993,027.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Alkami Technology stock opened at $10.82 on Wednesday. The company has a current ratio of 9.78, a quick ratio of 9.78 and a debt-to-equity ratio of 0.07. The firm’s 50-day simple moving average is $12.86 and its 200-day simple moving average is $17.59. Alkami Technology, Inc. has a twelve month low of $9.23 and a twelve month high of $38.63.

Alkami Technology (NASDAQ:ALKTGet Rating) last issued its earnings results on Thursday, May 5th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. Alkami Technology had a negative net margin of 30.15% and a negative return on equity of 13.11%. The business had revenue of $44.79 million for the quarter, compared to analyst estimates of $43.90 million. During the same period in the previous year, the business earned ($1.30) EPS. The firm’s revenue was up 34.7% on a year-over-year basis. On average, equities analysts forecast that Alkami Technology, Inc. will post -0.65 earnings per share for the current fiscal year.

Several research analysts recently commented on the stock. Barclays dropped their target price on shares of Alkami Technology from $17.00 to $15.00 in a report on Monday, May 9th. Needham & Company LLC dropped their target price on shares of Alkami Technology from $40.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Zacks Investment Research downgraded shares of Alkami Technology from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, KeyCorp decreased their price target on shares of Alkami Technology from $35.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Alkami Technology currently has a consensus rating of “Hold” and a consensus target price of $24.25.

Several institutional investors have recently modified their holdings of ALKT. D1 Capital Partners L.P. boosted its position in Alkami Technology by 10.5% in the fourth quarter. D1 Capital Partners L.P. now owns 5,828,511 shares of the company’s stock valued at $116,920,000 after buying an additional 553,511 shares in the last quarter. Vanguard Group Inc. boosted its position in Alkami Technology by 3.4% in the first quarter. Vanguard Group Inc. now owns 2,841,483 shares of the company’s stock valued at $40,662,000 after buying an additional 92,155 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Alkami Technology by 2.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,351,035 shares of the company’s stock valued at $33,643,000 after buying an additional 64,472 shares in the last quarter. BlackRock Inc. boosted its position in Alkami Technology by 100.8% in the fourth quarter. BlackRock Inc. now owns 1,888,443 shares of the company’s stock valued at $37,882,000 after buying an additional 947,999 shares in the last quarter. Finally, Long Path Partners Fund LP acquired a new position in Alkami Technology in the first quarter valued at about $25,297,000. Institutional investors and hedge funds own 49.50% of the company’s stock.

About Alkami Technology (Get Rating)

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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Insider Buying and Selling by Quarter for Alkami Technology (NASDAQ:ALKT)

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