1 week Ago By ABMN Staff
Geode Capital Management LLC lifted its holdings in shares of Alkami Technology, Inc. ( NASDAQ:ALKT – Free Report ) by 15.8% during the fourth quarter, HoldingsChannel.
com reports. The fund owned 1,426,038 shares of the company’s stock after purchasing an additional 194,051 shares during the quarter. Geode Capital Management LLC’s holdings in Alkami Technology were worth $52,320,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Alkami Technology by 474.
5% in the third quarter. JPMorgan Chase & Co. now owns 379,542 shares of the company’s stock valued at $11,971,000 after buying an additional 313,478 shares during the last quarter.
Diversified Trust Co acquired a new stake in Alkami Technology during the 4th quarter worth approximately $595,000. Principal Financial Group Inc. acquired a new stake in Alkami Technology during the 3rd quarter worth approximately $875,000.
Stifel Financial Corp purchased a new position in shares of Alkami Technology in the 3rd quarter valued at approximately $223,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Alkami Technology by 86.8% in the fourth quarter.
Bank of New York Mellon Corp now owns 288,862 shares of the company’s stock valued at $10,595,000 after purchasing an additional 134,198 shares during the period. 54.97% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets A number of equities analysts recently weighed in on ALKT shares. Barclays lowered their price objective on shares of Alkami Technology from $41.00 to $35.
00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Stephens upgraded shares of Alkami Technology from an “equal weight” rating to an “overweight” rating and set a $40.00 price target on the stock in a research note on Thursday, March 13th.
Finally, The Goldman Sachs Group reduced their price objective on shares of Alkami Technology from $39.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd.
Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.00.
Insider Transactions at Alkami Technology In related news, CFO W Bryan Hill sold 17,409 shares of Alkami Technology stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $30.41, for a total transaction of $529,407.
69. Following the transaction, the chief financial officer now owns 450,620 shares in the company, valued at approximately $13,703,354.20.
The trade was a 3.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link .
Also, insider Douglas A. Linebarger sold 4,358 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $30.
41, for a total transaction of $132,526.78. Following the sale, the insider now directly owns 244,404 shares of the company’s stock, valued at approximately $7,432,325.
64. This trade represents a 1.75 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Company insiders own 38.00% of the company’s stock.
Alkami Technology Stock Up 0.6 % Shares of NASDAQ ALKT opened at $24.40 on Monday.
The firm’s 50 day moving average price is $28.21 and its 200 day moving average price is $33.78.
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 firm has a market cap of $2.51 billion, a P/E ratio of -51.
91 and a beta of 0.56. Alkami Technology, Inc.
has a 1 year low of $21.70 and a 1 year high of $42.29.
Alkami Technology ( NASDAQ:ALKT – Get Free Report ) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.
08 by ($0.13). Alkami Technology had a negative return on equity of 11.
31% and a negative net margin of 14.55%. The firm had revenue of $89.
66 million for the quarter, compared to analyst estimates of $89.63 million. As a group, sell-side analysts anticipate that Alkami Technology, Inc.
will post -0.34 earnings per share for the current year. Alkami Technology Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding ALKT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alkami Technology, Inc.
( NASDAQ:ALKT – Free Report ). 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 .
.
