Emerald Mutual Fund Advisers Trust Purchases Shares of 1,613 Alkami Technology, Inc. $ALKT

Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,613 shares of the company’s stock, valued at approximately $49,000.

A number of other large investors have also added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of Alkami Technology by 176.2% during the 2nd quarter. CWM LLC now owns 942 shares of the company’s stock valued at $28,000 after buying an additional 601 shares in the last quarter. Amalgamated Bank raised its position in Alkami Technology by 50.8% in the 1st quarter. Amalgamated Bank now owns 2,091 shares of the company’s stock worth $55,000 after purchasing an additional 704 shares during the period. Blue Trust Inc. raised its position in Alkami Technology by 27.6% in the 2nd quarter. Blue Trust Inc. now owns 1,852 shares of the company’s stock worth $56,000 after purchasing an additional 401 shares during the period. Summit Securities Group LLC purchased a new position in Alkami Technology in the 1st quarter worth $59,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Alkami Technology by 32.4% in the first quarter. Advisors Asset Management Inc. now owns 2,425 shares of the company’s stock worth $64,000 after buying an additional 594 shares during the period. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Alkami Technology Price Performance

ALKT stock opened at $21.99 on Friday. The firm’s 50-day moving average price is $24.49 and its two-hundred day moving average price is $26.32. Alkami Technology, Inc. has a 12-month low of $19.94 and a 12-month high of $42.29. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -57.87 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 (NASDAQ:ALKT) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.29). Alkami Technology had a negative net margin of 9.99% and a negative return on equity of 5.81%. The firm had revenue of $112.95 million during the quarter, compared to analysts’ expectations of $113.48 million. During the same quarter in the previous year, the firm posted ($0.09) EPS. Alkami Technology’s revenue was up 31.5% compared to the same quarter last year. Alkami Technology has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts predict that Alkami Technology, Inc. will post -0.34 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Alkami Technology in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Alkami Technology currently has a consensus rating of “Moderate Buy” and an average target price of $38.43.

Insider Activity at Alkami Technology

In related news, CFO W Bryan Hill sold 20,366 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $24.76, for a total value of $504,262.16. Following the completion of the sale, the chief financial officer owned 409,889 shares of the company’s stock, valued at $10,148,851.64. This trade represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Atlantic Genpar (Bermu General acquired 650,000 shares of Alkami Technology stock in a transaction on Monday, August 11th. The shares were bought at an average cost of $20.70 per share, for a total transaction of $13,455,000.00. Following the completion of the transaction, the director owned 11,287,274 shares in the company, valued at approximately $233,646,571.80. This trade represents a 6.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 1,396,162 shares of company stock worth $29,692,440 in the last 90 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.