Blair William & Co. IL Makes New Investment in Alkami Technology, Inc. $ALKT

Blair William & Co. IL acquired a new position in Alkami Technology, Inc. (NASDAQ:ALKT) during the second quarter, HoldingsChannel reports. The fund acquired 11,794 shares of the company’s stock, valued at approximately $355,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in Alkami Technology by 370.5% in the second quarter. Harbor Capital Advisors Inc. now owns 63,660 shares of the company’s stock worth $1,919,000 after purchasing an additional 50,131 shares in the last quarter. George Kaiser Family Foundation bought a new stake in shares of Alkami Technology during the first quarter worth $2,948,000. Amalgamated Bank raised its position in shares of Alkami Technology by 50.8% during the first quarter. Amalgamated Bank now owns 2,091 shares of the company’s stock worth $55,000 after acquiring an additional 704 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Alkami Technology by 6.7% during the first quarter. Vanguard Group Inc. now owns 7,949,573 shares of the company’s stock worth $208,676,000 after acquiring an additional 501,722 shares during the last quarter. Finally, Corebridge Financial Inc. raised its position in shares of Alkami Technology by 12.6% during the first quarter. Corebridge Financial Inc. now owns 29,714 shares of the company’s stock worth $780,000 after acquiring an additional 3,325 shares during the last quarter. Institutional investors and hedge funds own 54.97% of the company’s stock.

Insider Activity at Alkami Technology

In other Alkami Technology news, CAO Prerna Sachdeva sold 2,967 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $24.76, for a total value of $73,462.92. Following the completion of the transaction, the chief accounting officer directly owned 66,061 shares of the company’s stock, valued at approximately $1,635,670.36. The trade was a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Atlantic Genpar (Bermu General bought 229,391 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was acquired at an average cost of $22.44 per share, with a total value of $5,147,534.04. Following the completion of the purchase, the director owned 12,033,436 shares of the company’s stock, valued at approximately $270,030,303.84. This trade represents a 1.94% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,396,162 shares of company stock worth $29,692,440. 18.10% of the stock is owned by insiders.

Alkami Technology Trading Down 1.2%

NASDAQ ALKT opened at $22.17 on Friday. The stock has a 50-day simple moving average of $24.34 and a 200 day simple moving average of $26.36. The company has a market capitalization of $2.31 billion, a PE ratio of -58.34 and a beta of 0.57. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. Alkami Technology, Inc. has a 12 month low of $19.94 and a 12 month high of $42.29.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Alkami Technology in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alkami Technology presently has an average rating of “Moderate Buy” and a consensus price target of $39.25.

Alkami Technology 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.