Douglas A. Linebarger Sells 5,239 Shares of Alkami Technology, Inc. (NASDAQ:ALKT) Stock

Alkami Technology, Inc. (NASDAQ:ALKT) insider Douglas A. Linebarger sold 5,239 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was 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 approximately $9,451,201.70. This trade represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Alkami Technology Price Performance

Alkami Technology stock opened at $35.93 on Friday. Alkami Technology, Inc. has a 52 week low of $21.19 and a 52 week high of $41.36. The stock has a market cap of $3.61 billion, a P/E ratio of -76.45 and a beta of 0.43. The company’s 50 day moving average price is $34.22 and its two-hundred day moving average price is $31.13. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Craig Hallum boosted their target price on shares of Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays increased their price objective on Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Needham & Company LLC upped their price target on Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Lake Street Capital upped their price objective 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. Finally, The Goldman Sachs Group upped their price target on shares of Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.44.

Institutional Investors Weigh In On Alkami Technology

A number of hedge funds have recently modified their holdings of ALKT. Park Place Capital Corp bought a new position in Alkami Technology during the third quarter worth about $28,000. Advisors Asset Management Inc. grew its stake in Alkami Technology by 117.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock valued at $37,000 after buying an additional 631 shares in the last quarter. Blue Trust Inc. raised its holdings in Alkami Technology by 507.0% during the 3rd quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock valued at $38,000 after acquiring an additional 1,014 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Alkami Technology during the second quarter worth $40,000. Finally, Covestor Ltd boosted its holdings in shares of Alkami Technology by 6,300.0% in the third quarter. Covestor Ltd now owns 2,688 shares of the company’s stock worth $85,000 after acquiring an additional 2,646 shares during the period. Institutional investors own 54.97% of the company’s stock.

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.