MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 6,073 Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 25.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,197 shares of the company’s stock after buying an additional 6,073 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Alkami Technology were worth $1,108,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ALKT. Barclays PLC increased its stake in shares of Alkami Technology by 108.2% during the 3rd quarter. Barclays PLC now owns 95,391 shares of the company’s stock worth $3,009,000 after purchasing an additional 49,580 shares during the last quarter. Dakota Wealth Management bought a new stake in shares of Alkami Technology in the fourth quarter valued at $518,000. Blue Trust Inc. lifted its position in shares of Alkami Technology by 162.6% during the 4th quarter. Blue Trust Inc. now owns 3,188 shares of the company’s stock valued at $117,000 after buying an additional 1,974 shares during the last quarter. Hodges Capital Management Inc. grew its stake in shares of Alkami Technology by 1.6% during the 4th quarter. Hodges Capital Management Inc. now owns 211,570 shares of the company’s stock worth $7,760,000 after acquiring an additional 3,337 shares during the period. Finally, Calamos Advisors LLC bought a new stake in Alkami Technology in the 4th quarter valued at about $2,269,000. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Insider Buying and Selling at Alkami Technology

In other Alkami Technology news, insider Douglas A. Linebarger sold 4,358 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $30.41, for a total transaction of $132,526.78. Following the sale, the insider now owns 244,404 shares in the company, valued at $7,432,325.64. This trade represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO W Bryan Hill sold 17,409 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $30.41, for a total value of $529,407.69. Following the completion of the transaction, the chief financial officer now owns 450,620 shares of the company’s stock, valued at $13,703,354.20. The trade was a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.10% of the stock is currently owned by company insiders.

Alkami Technology Price Performance

NASDAQ:ALKT opened at $29.02 on Monday. Alkami Technology, Inc. has a 52-week low of $21.70 and a 52-week high of $42.29. The stock has a fifty day moving average of $26.80 and a 200 day moving average of $32.17. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of -61.74 and a beta of 0.56.

Alkami Technology (NASDAQ:ALKT) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.13). Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.31%. The business had revenue of $89.66 million during the quarter, compared to analysts’ expectations of $89.63 million. On average, research analysts expect that Alkami Technology, Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays cut their target price on shares of Alkami Technology from $35.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Stephens upgraded shares of Alkami Technology from an “equal weight” rating to an “overweight” rating and set a $40.00 price objective for the company in a research note on Thursday, March 13th. Lake Street Capital lowered their target price on shares of Alkami Technology from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $46.00 price target on shares of Alkami Technology in a report on Thursday, May 1st. Finally, The Goldman Sachs Group decreased their price objective on Alkami Technology from $39.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Alkami Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.88.

Alkami Technology Profile

Alkami Technology, Inc offers cloud-based digital banking solutions in the United States. The company's Alkami Platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietary, cloud-based, and multi-tenant architecture.