GSA Capital Partners LLP Buys New Stake in Alkami Technology, Inc. (NASDAQ:ALKT)

GSA Capital Partners LLP acquired a new stake in Alkami Technology, Inc. (NASDAQ:ALKT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,449 shares of the company’s stock, valued at approximately $203,000.

Other large investors have also recently bought and sold shares of the company. nVerses Capital LLC boosted its holdings in shares of Alkami Technology by 16.1% during the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock worth $114,000 after purchasing an additional 500 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Alkami Technology by 12.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,112 shares of the company’s stock valued at $193,000 after buying an additional 691 shares during the last quarter. Park Place Capital Corp acquired a new stake in shares of Alkami Technology in the 3rd quarter valued at approximately $28,000. Blue Trust Inc. lifted its stake in shares of Alkami Technology by 507.0% in the third quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock valued at $38,000 after purchasing an additional 1,014 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Alkami Technology during the second quarter worth $40,000. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Alkami Technology Trading Up 5.0 %

Alkami Technology stock opened at $40.69 on Monday. Alkami Technology, Inc. has a 12 month low of $21.19 and a 12 month high of $41.36. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.09 billion, a P/E ratio of -86.57 and a beta of 0.43. The company’s fifty day simple moving average is $35.10 and its 200-day simple moving average is $31.62.

Analysts Set New Price Targets

Several equities analysts have weighed in on ALKT shares. The Goldman Sachs Group raised their price target on Alkami Technology from $34.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Barclays upped their price target on shares of Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Craig Hallum lifted their price target on shares of Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC increased their target price on shares of Alkami Technology from $43.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Lake Street Capital increased their price objective on Alkami Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Alkami Technology has an average rating of “Moderate Buy” and an average target price of $37.44.

Insider Buying and Selling at Alkami Technology

In other news, CEO Alex Shootman sold 37,758 shares of Alkami Technology stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $29.75, for a total transaction of $1,123,300.50. Following the completion of the sale, the chief executive officer now directly owns 1,056,207 shares in the company, valued at $31,422,158.25. The trade was a 3.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO W Bryan Hill sold 110,250 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $38.62, for a total transaction of $4,257,855.00. Following the transaction, the chief financial officer now directly owns 471,403 shares in the company, valued at approximately $18,205,583.86. The trade was a 18.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,366,077 shares of company stock worth $125,011,332 over the last 90 days. 38.00% of the stock is currently owned by corporate insiders.

About Alkami Technology

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.