[ad_1]
Barclays PLC lowered its stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT – Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,497 shares of the company’s stock after selling 896 shares during the period. Barclays PLC’s holdings in Alkami Technology were worth $265,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Long Path Partners Fund LP purchased a new position in Alkami Technology in the 1st quarter valued at approximately $25,297,000. Vanguard Group Inc. grew its stake in Alkami Technology by 24.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,552,542 shares of the company’s stock valued at $53,466,000 after buying an additional 697,148 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in Alkami Technology by 37.8% in the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 1,832,809 shares of the company’s stock valued at $30,040,000 after purchasing an additional 503,071 shares during the period. BlackRock Inc. boosted its holdings in Alkami Technology by 25.9% in the 3rd quarter. BlackRock Inc. now owns 2,303,355 shares of the company’s stock valued at $34,665,000 after purchasing an additional 473,926 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Alkami Technology by 16.0% in the 2nd quarter. Franklin Resources Inc. now owns 1,828,606 shares of the company’s stock valued at $29,971,000 after purchasing an additional 251,757 shares during the period. Hedge funds and other institutional investors own 52.74% of the company’s stock.
Insider Buying and Selling at Alkami Technology
In other Alkami Technology news, insider Douglas A. Linebarger sold 100,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $22.64, for a total value of $2,264,000.00. Following the transaction, the insider now owns 202,381 shares in the company, valued at $4,581,905.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO W Bryan Hill sold 30,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $23.26, for a total transaction of $697,800.00. Following the transaction, the chief financial officer now owns 357,524 shares in the company, valued at $8,316,008.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas A. Linebarger sold 100,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $2,264,000.00. Following the transaction, the insider now owns 202,381 shares in the company, valued at approximately $4,581,905.84. The disclosure for this sale can be found here. Corporate insiders own 38.00% of the company’s stock.
Alkami Technology Price Performance
ALKT stock opened at $25.81 on Thursday. The firm’s 50-day moving average price is $24.83 and its two-hundred day moving average price is $21.22. Alkami Technology, Inc. has a 12-month low of $10.93 and a 12-month high of $26.75. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -44.50 and a beta of 0.41. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.29.
Analyst Ratings Changes
Several brokerages have commented on ALKT. Barclays raised their price target on shares of Alkami Technology from $22.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Stephens downgraded shares of Alkami Technology from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $22.00 to $24.00 in a report on Thursday, December 7th. JPMorgan Chase & Co. lifted their price objective on shares of Alkami Technology from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Needham & Company LLC lifted their price objective on shares of Alkami Technology from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, January 5th. Finally, The Goldman Sachs Group downgraded shares of Alkami Technology from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $23.00 to $27.00 in a report on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.50.
Check Out Our Latest Stock Analysis on ALKT
Alkami Technology Profile
Alkami Technology, Inc offers cloud-based digital banking solutions in the United States. The company’s Alkami Platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietary, cloud-based, and multi-tenant architecture.
See Also
Receive News & Ratings for Alkami Technology Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alkami Technology and related companies with MarketBeat.com’s FREE daily email newsletter.
[ad_2]
Source link
