ArrowMark Colorado Holdings LLC Has $96.20 Million Holdings in Alkami Technology, Inc. $ALKT

ArrowMark Colorado Holdings LLC raised its stake in Alkami Technology, Inc. (NASDAQ:ALKT) by 56.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,872,873 shares of the company’s stock after purchasing an additional 1,394,617 shares during the quarter. Alkami Technology makes up about 1.8% of ArrowMark Colorado Holdings LLC’s portfolio, making the stock its 4th biggest holding. ArrowMark Colorado Holdings LLC owned 3.69% of Alkami Technology worth $96,202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALKT. First Horizon Corp bought a new position in shares of Alkami Technology during the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC raised its stake in Alkami Technology by 398.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,146 shares of the company’s stock valued at $35,000 after acquiring an additional 916 shares during the period. AlphaQuest LLC raised its stake in Alkami Technology by 54.5% in the 3rd quarter. AlphaQuest LLC now owns 1,542 shares of the company’s stock valued at $38,000 after acquiring an additional 544 shares during the period. Advisors Asset Management Inc. lifted its holdings in Alkami Technology by 32.4% during the 1st quarter. Advisors Asset Management Inc. now owns 2,425 shares of the company’s stock valued at $64,000 after purchasing an additional 594 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Alkami Technology by 18,125.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,916 shares of the company’s stock valued at $72,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors own 54.97% of the company’s stock.

Insiders Place Their Bets

In other Alkami Technology news, CFO Cassandra Hudson sold 6,869 shares of Alkami Technology stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $16.90, for a total value of $116,086.10. Following the transaction, the chief financial officer owned 286,757 shares in the company, valued at $4,846,193.30. The trade was a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Atlantic L.P. General purchased 900,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average cost of $18.41 per share, for a total transaction of $16,569,000.00. Following the completion of the acquisition, the director directly owned 14,879,451 shares in the company, valued at $273,930,692.91. The trade was a 6.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 2,851,515 shares of company stock valued at $50,664,413 and sold 13,739 shares valued at $232,189. 18.10% of the stock is owned by corporate insiders.

Alkami Technology Stock Performance

NASDAQ ALKT opened at $18.00 on Friday. The firm’s 50 day simple moving average is $18.78 and its 200 day simple moving average is $21.51. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of -39.13 and a beta of 0.57. Alkami Technology, Inc. has a 1 year low of $14.11 and a 1 year high of $31.66. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ALKT shares. Needham & Company LLC reduced their price objective on Alkami Technology from $32.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alkami Technology in a research note on Wednesday, January 21st. Barclays reduced their price target on Alkami Technology from $25.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. JPMorgan Chase & Co. lowered their price objective on Alkami Technology from $38.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Finally, Citizens Jmp reduced their target price on Alkami Technology from $40.00 to $28.00 and set a “market outperform” rating on the stock in a report on Thursday, February 26th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Alkami Technology currently has an average rating of “Hold” and an average price target of $26.67.

About Alkami Technology

Alkami Technology, Inc is a provider of cloud-based digital banking and engagement solutions tailored for banks and credit unions. The company’s platform offers a comprehensive suite of online and mobile banking features, including bill payment, peer-to-peer transfers, card management, streamlined account opening and real-time alerts, all designed to enhance the end-user experience and drive customer loyalty.

Built on a multi-tenant, software-as-a-service (SaaS) architecture hosted in the cloud, Alkami’s platform leverages modern APIs and a partner ecosystem to integrate third-party fintech applications and services.