Bamco Inc. NY Has $59.49 Million Stock Holdings in Alkami Technology, Inc. $ALKT

Bamco Inc. NY boosted its stake in Alkami Technology, Inc. (NASDAQ:ALKT) by 80.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,395,032 shares of the company’s stock after purchasing an additional 1,064,548 shares during the period. Bamco Inc. NY owned about 2.28% of Alkami Technology worth $59,493,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Amundi grew its stake in shares of Alkami Technology by 1.9% during the first quarter. Amundi now owns 29,040 shares of the company’s stock worth $731,000 after buying an additional 548 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Alkami Technology by 32.4% during the first quarter. Advisors Asset Management Inc. now owns 2,425 shares of the company’s stock worth $64,000 after buying an additional 594 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Alkami Technology by 19.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,081 shares of the company’s stock valued at $947,000 after acquiring an additional 5,884 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Alkami Technology by 64.7% during the 1st quarter. Millennium Management LLC now owns 698,677 shares of the company’s stock valued at $18,340,000 after acquiring an additional 274,439 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Alkami Technology by 11.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 720,770 shares of the company’s stock valued at $18,920,000 after acquiring an additional 71,949 shares in the last quarter. Institutional investors and hedge funds own 54.97% of the company’s stock.

Wall Street Analyst Weigh In

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

Alkami Technology Stock Performance

Shares of Alkami Technology stock opened at $18.00 on Monday. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -39.13 and a beta of 0.57. Alkami Technology, Inc. has a twelve month low of $14.11 and a twelve month high of $31.66. The company’s fifty day moving average is $18.78 and its 200 day moving average is $21.48. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.01.

Insider Buying and Selling

In related news, Director Atlantic L.P. General bought 1,103,749 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were purchased at an average cost of $17.56 per share, with a total value of $19,381,832.44. Following the acquisition, the director owned 13,979,451 shares of the company’s stock, valued at $245,479,159.56. This represents a 8.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas A. Linebarger sold 5,518 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $16.90, for a total value of $93,254.20. Following the completion of the sale, the insider directly owned 216,233 shares of the company’s stock, valued at approximately $3,654,337.70. The trade was a 2.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders bought 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 currently owned by company insiders.

Alkami Technology Company Profile

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.