1 week Ago By Defense World Staff
Geode Capital Management LLC grew its position in Alkami Technology, Inc. (NASDAQ:ALKT – Free Report) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 1,426,038 shares of the company’s stock after buying an additional 194,051 shares during the period. Geode Capital Management LLC owned 1.42% of Alkami Technology worth $52,320,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Essex Investment Management Co. LLC purchased a new position in Alkami Technology in the fourth quarter worth approximately $34,000.
Blue Trust Inc. grew its holdings in shares of Alkami Technology by 162.6% during the 4th quarter.
Blue Trust Inc. now owns 3,188 shares of the company’s stock worth $117,000 after purchasing an additional 1,974 shares during the period. Atria Investments Inc acquired a new stake in shares of Alkami Technology during the 4th quarter worth about $239,000.
Harbor Capital Advisors Inc. raised its holdings in Alkami Technology by 10.1% in the 4th quarter.
Harbor Capital Advisors Inc. now owns 6,727 shares of the company’s stock valued at $247,000 after buying an additional 615 shares during the period. Finally, Stifel Financial Corp acquired a new position in Alkami Technology in the third quarter valued at about $223,000.
Institutional investors and hedge funds own 54.97% of the company’s stock. Alkami Technology Stock Up 0.
6 %Shares of NASDAQ ALKT opened at $24.40 on Monday. The stock has a market cap of $2.
51 billion, a P/E ratio of -51.91 and a beta of 0.56.
The business’s fifty day simple moving average is $28.21 and its 200-day simple moving average is $33.78.
Alkami Technology, Inc. has a 12-month low of $21.70 and a 12-month high of $42.
29. The company has a current ratio of 3.52, a quick ratio of 3.
52 and a debt-to-equity ratio of 0.05. Alkami Technology (NASDAQ:ALKT – Get Free Report) last posted its quarterly earnings results on Thursday, February 27th.
The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.
13). Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.
31%. The company had revenue of $89.66 million during the quarter, compared to analyst estimates of $89.
63 million. As a group, equities analysts predict that Alkami Technology, Inc. will post -0.
34 EPS for the current fiscal year. Analyst Upgrades and DowngradesA number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Alkami Technology from $39.
00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Barclays cut their target price on 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. Finally, Stephens upgraded Alkami Technology from an “equal weight” rating to an “overweight” rating and set a $40.
00 price target for the company in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.00.Read Our Latest Stock Analysis on ALKTInsider Buying and Selling at Alkami TechnologyIn related news, insider Douglas A.
Linebarger sold 4,358 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $30.41, for a total transaction of $132,526.
78. Following the completion of the transaction, the insider now owns 244,404 shares in the company, valued at approximately $7,432,325.64.
The trade was a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Also, CFO W Bryan Hill sold 17,409 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $30.41, for a total value of $529,407.
69. Following the completion of the transaction, the chief financial officer now directly owns 450,620 shares in the company, valued at $13,703,354.20.
This trade represents a 3.72 % decrease in their position. The disclosure for this sale can be found here.
Insiders own 38.00% of the company’s stock. About Alkami Technology (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 ArticlesFive stocks we like better than Alkami TechnologyHow to Know Which Cryptocurrency to Buy: A Guide for InvestorsIs McDonald’s Stock Serving a Value Meal to Investors? What is the Australian Securities Exchange (ASX) Walgreens Comeback? Private Equity Circling for a BuyoutHow to Calculate Inflation RateCoca-Cola Stock Looks Refreshing After the Relief Rally.
