Atlantic Genpar (Bermu General Purchases 500,000 Shares of Alkami Technology (NASDAQ:ALKT) Stock

Alkami Technology, Inc. (NASDAQ:ALKT) Director Atlantic Genpar (Bermu General acquired 500,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of $18.33 per share, with a total value of $9,165,000.00. Following the acquisition, the director owned 15,379,451 shares of the company’s stock, valued at approximately $281,905,336.83. This trade represents a 3.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alkami Technology Price Performance

NASDAQ:ALKT opened at $17.72 on Wednesday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.01. The business’s 50-day moving average price is $18.55 and its 200 day moving average price is $21.37. Alkami Technology, Inc. has a 52-week low of $14.11 and a 52-week high of $31.66. The firm has a market cap of $1.88 billion, a P/E ratio of -38.52 and a beta of 0.57.

Analyst Ratings Changes

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

Institutional Trading of Alkami Technology

A number of institutional investors have recently added to or reduced their stakes in the business. AlphaQuest LLC grew its position in Alkami Technology by 54.5% in the third quarter. AlphaQuest LLC now owns 1,542 shares of the company’s stock worth $38,000 after acquiring an additional 544 shares in the last quarter. Amundi raised its holdings in shares of Alkami Technology by 1.9% during the 1st quarter. Amundi now owns 29,040 shares of the company’s stock valued at $731,000 after purchasing an additional 548 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Alkami Technology by 32.4% in 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. Legal & General Group Plc lifted its stake in shares of Alkami Technology by 0.8% in the 3rd quarter. Legal & General Group Plc now owns 85,071 shares of the company’s stock valued at $2,113,000 after purchasing an additional 691 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Alkami Technology by 91.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,447 shares of the company’s stock worth $34,000 after purchasing an additional 692 shares in the last quarter. 54.97% of the stock is currently owned by institutional investors and hedge funds.

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.