Alkami Technology, Inc. (NASDAQ:ALKT) Insider Douglas A. Linebarger Sells 43,336 Shares of Stock

Alkami Technology, Inc. (NASDAQ:ALKT) insider Douglas A. Linebarger sold 43,336 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $38.50, for a total transaction of $1,668,436.00. Following the sale, the insider now directly owns 248,585 shares in the company, valued at approximately $9,570,522.50. This represents a 14.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Alkami Technology Stock Up 5.0 %

Alkami Technology stock opened at $40.69 on Friday. The company’s 50 day moving average is $35.10 and its two-hundred day moving average is $31.56. Alkami Technology, Inc. has a 52-week low of $21.19 and a 52-week high of $41.36. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ALKT. Needham & Company LLC increased their price target 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. JMP Securities raised their target price on Alkami Technology from $38.00 to $41.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Craig Hallum upped their price objective on shares of Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their target price on Alkami Technology from $34.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Lake Street Capital increased their price target on shares of Alkami Technology from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Three equities 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, the company has an average rating of “Moderate Buy” and a consensus price target of $37.44.

Hedge Funds Weigh In On Alkami Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Park Place Capital Corp purchased a new position in shares of Alkami Technology in the 3rd quarter valued at about $28,000. Advisors Asset Management Inc. boosted its holdings in Alkami Technology by 117.9% in the third quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock valued at $37,000 after purchasing an additional 631 shares in the last quarter. Blue Trust Inc. increased its stake in 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 last quarter. Point72 Asset Management L.P. acquired a new stake in Alkami Technology during the second quarter worth approximately $40,000. Finally, Perkins Coie Trust Co acquired a new stake in Alkami Technology during the second quarter worth approximately $85,000. Hedge funds and other institutional investors own 54.97% of the company’s stock.

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.