Alkami Technology (NASDAQ:ALKT) CAO Sells $22,848.80 in Stock

Alkami Technology, Inc. (NASDAQ:ALKT) CAO Prerna Sachdeva sold 1,352 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 transaction of $22,848.80. Following the completion of the transaction, the chief accounting officer owned 63,608 shares of the company’s stock, valued at $1,074,975.20. The trade was a 2.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alkami Technology Stock Performance

NASDAQ ALKT opened at $17.06 on Friday. The firm has a market cap of $1.81 billion, a P/E ratio of -37.09 and a beta of 0.57. 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 company’s 50 day moving average is $19.28 and its 200-day moving average is $21.73. Alkami Technology, Inc. has a 12-month low of $14.11 and a 12-month high of $31.66.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CWM LLC boosted its stake in Alkami Technology by 176.2% during the second quarter. CWM LLC now owns 942 shares of the company’s stock valued at $28,000 after buying an additional 601 shares during the period. First Horizon Corp bought a new position in Alkami Technology in the 3rd quarter worth about $30,000. Smartleaf Asset Management LLC increased its stake in Alkami Technology by 91.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,447 shares of the company’s stock worth $34,000 after acquiring an additional 692 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of 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 in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Alkami Technology during the 4th quarter valued at about $37,000. Institutional investors own 54.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ALKT shares. Barclays dropped their target price 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alkami Technology in a research note on Wednesday, January 21st. JPMorgan Chase & Co. dropped their price objective on 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 cut their target price on Alkami Technology from $32.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Citizens Jmp reduced their target price on Alkami Technology from $40.00 to $28.00 and set a “market outperform” rating for the company in a report on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alkami Technology currently has an average rating of “Hold” and a consensus price target of $28.57.

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.