Alkami Technology, Inc. (NASDAQ:ALKT) Shares Acquired by Fmr LLC

Fmr LLC grew its stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 10.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,523,747 shares of the company’s stock after purchasing an additional 141,319 shares during the period. Fmr LLC owned about 1.52% of Alkami Technology worth $48,059,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its holdings in Alkami Technology by 14.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,502 shares of the company’s stock worth $283,000 after buying an additional 1,460 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Alkami Technology during the second quarter valued at approximately $2,668,000. Bank of New York Mellon Corp lifted its position in shares of Alkami Technology by 45.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 173,294 shares of the company’s stock valued at $4,935,000 after acquiring an additional 54,453 shares in the last quarter. nVerses Capital LLC acquired a new position in Alkami Technology in the 2nd quarter worth approximately $88,000. Finally, Rhumbline Advisers grew its position in Alkami Technology by 11.2% during the 2nd quarter. Rhumbline Advisers now owns 68,658 shares of the company’s stock worth $1,955,000 after purchasing an additional 6,928 shares in the last quarter. Institutional investors and hedge funds own 54.97% of the company’s stock.

Insider Transactions at Alkami Technology

In other Alkami Technology news, CEO Alex Shootman sold 37,758 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $29.75, for a total transaction of $1,123,300.50. Following the transaction, the chief executive officer now directly owns 1,056,207 shares of the company’s stock, valued at $31,422,158.25. This represents a 3.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO W Bryan Hill sold 55,046 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $31.19, for a total value of $1,716,884.74. Following the completion of the sale, the chief financial officer now directly owns 471,403 shares of the company’s stock, valued at $14,703,059.57. This represents a 10.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,360,184 shares of company stock worth $245,134,620 in the last 90 days. 38.00% of the stock is owned by insiders.

Alkami Technology Trading Up 2.6 %

NASDAQ:ALKT opened at $40.40 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The company has a market capitalization of $4.06 billion, a P/E ratio of -85.96 and a beta of 0.46. The stock’s 50 day moving average price is $36.82 and its 200 day moving average price is $32.46. Alkami Technology, Inc. has a 52 week low of $21.19 and a 52 week high of $42.29.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ALKT shares. Barclays increased their target price on Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Craig Hallum raised their price objective on Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC upped their target price on Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JMP Securities raised their price target on shares of Alkami Technology from $38.00 to $41.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group upped their price objective on shares of Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alkami Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.13.

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.