Alkami Technology, Inc. $ALKT Stock Position Decreased by GW&K Investment Management LLC

GW&K Investment Management LLC decreased its position in Alkami Technology, Inc. (NASDAQ:ALKT) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 915,159 shares of the company’s stock after selling 186,649 shares during the quarter. GW&K Investment Management LLC owned about 0.87% of Alkami Technology worth $22,732,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP grew its position in Alkami Technology by 160.0% in the third quarter. Westfield Capital Management Co. LP now owns 3,095,058 shares of the company’s stock worth $76,881,000 after acquiring an additional 1,904,474 shares in the last quarter. Chicago Capital LLC bought a new stake in Alkami Technology in the third quarter worth $33,665,000. Bamco Inc. NY increased its position in Alkami Technology by 80.6% during the second quarter. Bamco Inc. NY now owns 1,330,484 shares of the company’s stock worth $40,101,000 after buying an additional 593,659 shares during the last quarter. Algebris UK Ltd. bought a new position in Alkami Technology during the third quarter valued at about $12,728,000. Finally, Champlain Investment Partners LLC lifted its position in shares of Alkami Technology by 18.6% in the second quarter. Champlain Investment Partners LLC now owns 3,064,695 shares of the company’s stock worth $92,370,000 after buying an additional 481,642 shares during the last quarter. Institutional investors and hedge funds own 54.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ALKT shares. Citizens Jmp lowered their price objective 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. JPMorgan Chase & Co. decreased their target price on Alkami Technology from $38.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Barclays dropped their price target on shares of 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 report on Wednesday, January 21st. Finally, Needham & Company LLC decreased their price target 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. Five 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $28.57.

Alkami Technology News Roundup

Here are the key news stories impacting Alkami Technology this week:

• Positive Sentiment: Alkami launched “Automated Stage Match” in its SDK Wizard to speed development and testing for financial-institution partners — a product improvement that can reduce implementation friction and help win or expand client deployments. PR Newswire
• Neutral Sentiment: Reports show an odd/empty short-interest update (short interest reported as 0 shares with a days-to-cover of 0.0), which appears to be a data anomaly and provides no clear directional signal for the stock today.
• Negative Sentiment: Multiple insiders sold shares on March 2: CFO Cassandra Hudson sold 6,869 shares (~$116k at ~$16.90) and CAO Prerna Sachdeva sold 1,352 shares (~$22.8k). Another insider, Douglas Linebarger, also sold 5,518 shares. Insider selling at this scale can be seen as a negative catalyst or a signal of reduced insider conviction. CFO filing: SEC Form 4 (Hudson) · CAO sale: SEC Form 4 (Sachdeva)
• Negative Sentiment: Several research firms recently trimmed price targets (Needham, Citizens JMP, Barclays, JPMorgan), lowering upside expectations and contributing to a consensus “Hold” rating — a headwind for shares until guidance or results improve. Source: MarketBeat summary. MarketBeat analyst notes

Insider Transactions at Alkami Technology

In other news, insider Douglas A. Linebarger sold 5,518 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $16.90, for a total value of $93,254.20. Following the sale, the insider directly owned 216,233 shares in the company, valued at approximately $3,654,337.70. This represents a 2.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Cassandra Hudson sold 6,869 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $4,846,193.30. This trade represents a 2.34% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 13,739 shares of company stock worth $232,189. 18.10% of the stock is currently owned by insiders.

Alkami Technology Stock Up 0.1%

Shares of ALKT stock opened at $16.50 on Friday. Alkami Technology, Inc. has a one year low of $14.11 and a one year high of $31.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.09 and a quick ratio of 2.09. The stock has a fifty day moving average price of $19.41 and a 200 day moving average price of $21.77. The stock has a market cap of $1.75 billion, a P/E ratio of -35.87 and a beta of 0.57.

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.