Alkami Technology, Inc. (NASDAQ:ALKT) Shares Purchased by Perkins Coie Trust Co

Perkins Coie Trust Co raised its stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 62.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,300 shares of the company’s stock after buying an additional 500 shares during the quarter. Perkins Coie Trust Co’s holdings in Alkami Technology were worth $34,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. NBC Securities Inc. grew its holdings in Alkami Technology by 114,550.0% during the 1st quarter. NBC Securities Inc. now owns 2,293 shares of the company’s stock valued at $60,000 after buying an additional 2,291 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Alkami Technology by 17.4% during the first quarter. Rhumbline Advisers now owns 88,430 shares of the company’s stock worth $2,321,000 after purchasing an additional 13,078 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Alkami Technology by 1,386.9% during the first quarter. GAMMA Investing LLC now owns 10,973 shares of the company’s stock worth $288,000 after purchasing an additional 10,235 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Alkami Technology during the first quarter worth $36,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Alkami Technology during the fourth quarter worth $4,384,000. Institutional investors and hedge funds own 54.97% of the company’s stock.

Alkami Technology Stock Up 0.1%

NASDAQ:ALKT opened at $30.46 on Friday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of -64.81 and a beta of 0.58. Alkami Technology, Inc. has a one year low of $21.70 and a one year high of $42.29. The stock has a 50-day simple moving average of $27.30 and a 200 day simple moving average of $31.69. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. The Goldman Sachs Group cut their target price on Alkami Technology from $39.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Stephens raised Alkami Technology from an “equal weight” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research report on Thursday, March 13th. Needham & Company LLC cut their price objective on Alkami Technology from $54.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. JMP Securities reissued a “market outperform” rating and issued a $46.00 price objective on shares of Alkami Technology in a research report on Thursday, May 1st. Finally, Lake Street Capital lowered their target price on Alkami Technology from $47.00 to $41.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.88.

Insider Buying and Selling at Alkami Technology

In other Alkami Technology news, CFO W Bryan Hill sold 20,365 shares of Alkami Technology stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $28.36, for a total value of $577,551.40. Following the completion of the transaction, the chief financial officer now directly owns 430,255 shares in the company, valued at $12,202,031.80. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph P. Payne bought 8,200 shares of the firm’s stock in a transaction on Thursday, May 15th. The stock was bought at an average price of $30.46 per share, with a total value of $249,772.00. Following the completion of the purchase, the director now owns 21,128 shares of the company’s stock, valued at $643,558.88. This trade represents a 63.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 27,690 shares of company stock worth $785,288 over the last ninety days. Company insiders own 18.10% 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.