Alkami Technology, Inc. (NASDAQ:ALKT – Get Rating) insider Douglas A. Linebarger sold 1,166 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $14.37, for a total value of $16,755.42. Following the completion of the transaction, the insider now directly owns 91,509 shares of the company’s stock, valued at $1,314,984.33. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of NASDAQ ALKT opened at $14.56 on Friday. The company has a current ratio of 9.78, a quick ratio of 9.78 and a debt-to-equity ratio of 0.07. Alkami Technology, Inc. has a 12-month low of $9.23 and a 12-month high of $38.63. The stock has a 50 day simple moving average of $12.64 and a 200-day simple moving average of $16.31.
Alkami Technology (NASDAQ:ALKT – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. Alkami Technology had a negative return on equity of 13.11% and a negative net margin of 30.15%. The company had revenue of $44.79 million for the quarter, compared to analysts’ expectations of $43.90 million. During the same quarter in the prior year, the company earned ($1.30) earnings per share. The firm’s revenue was up 34.7% on a year-over-year basis. As a group, equities analysts forecast that Alkami Technology, Inc. will post -0.65 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in Alkami Technology during the 1st quarter valued at $178,000. Point72 Hong Kong Ltd purchased a new stake in shares of Alkami Technology during the first quarter worth $45,000. Select Equity Group L.P. raised its holdings in shares of Alkami Technology by 10.8% during the first quarter. Select Equity Group L.P. now owns 60,390 shares of the company’s stock worth $864,000 after acquiring an additional 5,862 shares in the last quarter. State Street Corp raised its holdings in shares of Alkami Technology by 4.8% during the first quarter. State Street Corp now owns 510,461 shares of the company’s stock worth $7,305,000 after acquiring an additional 23,154 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Alkami Technology during the first quarter worth $776,000. 49.50% of the stock is currently owned by institutional investors.
Several research firms have weighed in on ALKT. Zacks Investment Research downgraded Alkami Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, May 17th. Barclays reduced their target price on Alkami Technology from $17.00 to $15.00 in a report on Monday, May 9th. Finally, Needham & Company LLC cut their price objective on Alkami Technology from $40.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Alkami Technology currently has a consensus rating of “Hold” and an average target price of $24.25.
About Alkami Technology (Get Rating)
Alkami Technology, Inc offers a cloud-based digital banking platform in the United States. The company's platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietary, cloud-based, multi-tenant architecture.
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