7,061 Shares in Alkami Technology, Inc. (NASDAQ:ALKT) Purchased by Stifel Financial Corp

Stifel Financial Corp purchased a new stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,061 shares of the company’s stock, valued at approximately $223,000.

Other hedge funds have also bought and sold shares of the company. Driehaus Capital Management LLC raised its position in shares of Alkami Technology by 56.2% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,091,276 shares of the company’s stock worth $31,080,000 after purchasing an additional 392,483 shares during the last quarter. Millennium Management LLC increased its stake in Alkami Technology by 124.1% during the 2nd quarter. Millennium Management LLC now owns 514,677 shares of the company’s stock valued at $14,658,000 after purchasing an additional 284,977 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Alkami Technology in the third quarter worth about $6,032,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Alkami Technology by 13.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,570,179 shares of the company’s stock worth $44,719,000 after buying an additional 181,194 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Alkami Technology by 10.2% during the third quarter. FMR LLC now owns 1,523,747 shares of the company’s stock valued at $48,059,000 after buying an additional 141,319 shares during the last quarter. Institutional investors own 54.97% of the company’s stock.

Insider Buying and Selling at Alkami Technology

In other news, CFO W Bryan Hill sold 100,000 shares of Alkami Technology stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $36.31, for a total value of $3,631,000.00. Following the completion of the transaction, the chief financial officer now owns 471,403 shares in the company, valued at approximately $17,116,642.93. The trade was a 17.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas A. Linebarger sold 5,239 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $38.02, for a total value of $199,186.78. Following the sale, the insider now owns 248,585 shares in the company, valued at $9,451,201.70. The trade was a 2.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,417,380 shares of company stock worth $248,273,935 over the last 90 days. 38.00% of the stock is owned by insiders.

Alkami Technology Stock Down 3.4 %

ALKT opened at $38.53 on Monday. Alkami Technology, Inc. has a 52 week low of $22.62 and a 52 week high of $42.29. 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 firm has a 50-day simple moving average of $38.60 and a two-hundred day simple moving average of $33.76. The company has a market capitalization of $3.87 billion, a PE ratio of -81.98 and a beta of 0.46.

Analyst Ratings Changes

Several research firms recently issued reports on ALKT. JPMorgan Chase & Co. upped their price objective on Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. The Goldman Sachs Group upped their price target on Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Craig Hallum lifted their price objective on Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays boosted their target price on Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC raised their price target on shares of Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and seven have issued 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 $40.88.

Alkami Technology Company 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.