Douglas A. Linebarger Sells 100,000 Shares of Alkami Technology, Inc. (NASDAQ:ALKT) Stock

Alkami Technology, Inc. (NASDAQ:ALKTGet Rating) insider Douglas A. Linebarger sold 100,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $13.98, for a total transaction of $1,398,000.00. Following the completion of the sale, the insider now owns 90,382 shares in the company, valued at approximately $1,263,540.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Alkami Technology Stock Performance

Alkami Technology stock opened at $12.32 on Friday. The stock has a 50-day simple moving average of $14.86 and a 200 day simple moving average of $13.98. 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, Inc. has a 12-month low of $9.23 and a 12-month high of $29.79. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -16.99 and a beta of 0.30.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ALKT shares. Needham & Company LLC boosted their target price on shares of Alkami Technology from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Stephens started coverage on shares of Alkami Technology in a research note on Wednesday, September 14th. They issued an “overweight” rating and a $18.00 target price on the stock. Finally, 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 research note on Thursday, August 4th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Alkami Technology presently has an average rating of “Moderate Buy” and an average target price of $21.67.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ALKT. Vanguard Group Inc. raised its holdings in Alkami Technology by 24.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,552,542 shares of the company’s stock worth $53,466,000 after purchasing an additional 697,148 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Alkami Technology by 7.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,506,277 shares of the company’s stock worth $37,719,000 after purchasing an additional 172,145 shares during the last quarter. BlackRock Inc. raised its holdings in Alkami Technology by 25.9% during the 3rd quarter. BlackRock Inc. now owns 2,303,355 shares of the company’s stock worth $34,665,000 after purchasing an additional 473,926 shares during the last quarter. Long Path Partners Fund LP bought a new stake in Alkami Technology during the 1st quarter worth about $25,297,000. Finally, FMR LLC raised its holdings in Alkami Technology by 1.3% during the 2nd quarter. FMR LLC now owns 1,094,969 shares of the company’s stock worth $15,209,000 after purchasing an additional 13,677 shares during the last quarter. 52.74% of the stock is owned by institutional investors.

Alkami Technology Company Profile

(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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