Janus Henderson Group PLC Raises Holdings in Alkami Technology, Inc. $ALKT

Janus Henderson Group PLC lifted its position in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 20.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,855,334 shares of the company’s stock after acquiring an additional 646,898 shares during the quarter. Janus Henderson Group PLC’s holdings in Alkami Technology were worth $60,413,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Irenic Capital Management LP purchased a new stake in Alkami Technology in the fourth quarter worth about $48,596,000. Nicholas Company Inc. raised its holdings in shares of Alkami Technology by 11.2% in the 4th quarter. Nicholas Company Inc. now owns 312,297 shares of the company’s stock valued at $7,205,000 after purchasing an additional 31,410 shares in the last quarter. Praesidium Investment Management Company LLC raised its holdings in shares of Alkami Technology by 13.4% in the 4th quarter. Praesidium Investment Management Company LLC now owns 2,287,096 shares of the company’s stock valued at $52,763,000 after purchasing an additional 269,524 shares in the last quarter. Chicago Capital LLC raised its holdings in shares of Alkami Technology by 25.5% in the 4th quarter. Chicago Capital LLC now owns 1,701,532 shares of the company’s stock valued at $39,254,000 after purchasing an additional 346,245 shares in the last quarter. Finally, Algebris UK Ltd. lifted its position in shares of Alkami Technology by 140.6% in the 4th quarter. Algebris UK Ltd. now owns 1,233,546 shares of the company’s stock worth $28,471,000 after purchasing an additional 720,769 shares during the period. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Insider Activity at Alkami Technology

In related news, Director Atlantic Genpar (Bermu General acquired 675,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $16.49 per share, with a total value of $11,130,750.00. Following the completion of the acquisition, the director directly owned 19,420,994 shares of the company’s stock, valued at $320,252,191.06. This represents a 3.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 4,041,543 shares of company stock worth $67,594,674 in the last three months. Insiders own 17.10% of the company’s stock.

Alkami Technology Stock Up 2.0%

ALKT stock opened at $18.17 on Friday. The stock has a market capitalization of $1.94 billion, a PE ratio of -43.26 and a beta of 0.57. Alkami Technology, Inc. has a 52 week low of $13.98 and a 52 week high of $26.89. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.96. The firm has a 50 day moving average of $16.94 and a 200 day moving average of $17.28.

Alkami Technology (NASDAQ:ALKT) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.30). The company had revenue of $126.14 million for the quarter, compared to analyst estimates of $125.22 million. Alkami Technology had a negative net margin of 9.21% and a negative return on equity of 7.69%. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. Sell-side analysts forecast that Alkami Technology, Inc. will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Alkami Technology from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, June 22nd. Citizens Jmp lowered their target price on Alkami Technology from $28.00 to $23.00 and set a “market outperform” rating for the company in a report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alkami Technology in a research report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.20.

Alkami Technology 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.