73,716 Shares in Alkami Technology, Inc. $ALKT Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC bought a new position in shares of Alkami Technology, Inc. (NASDAQ:ALKT) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 73,716 shares of the company’s stock, valued at approximately $1,831,000. Mutual of America Capital Management LLC owned 0.07% of Alkami Technology as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Chicago Capital LLC purchased a new stake in shares of Alkami Technology in the 3rd quarter valued at approximately $33,665,000. Westfield Capital Management Co. LP bought a new position in shares of Alkami Technology during the 2nd quarter valued at $35,884,000. Bamco Inc. NY lifted its position in shares of Alkami Technology by 80.6% in the second quarter. Bamco Inc. NY now owns 1,330,484 shares of the company’s stock worth $40,101,000 after buying an additional 593,659 shares during the last quarter. Algebris UK Ltd. acquired a new stake in Alkami Technology in the 3rd quarter worth approximately $12,728,000. Finally, Champlain Investment Partners LLC lifted its stake in shares of Alkami Technology by 18.6% in the second quarter. Champlain Investment Partners LLC now owns 3,064,695 shares of the company’s stock worth $92,370,000 after buying an additional 481,642 shares during the last quarter. Institutional investors and hedge funds own 54.97% of the company’s stock.

Alkami Technology Stock Performance

NASDAQ ALKT opened at $19.98 on Tuesday. Alkami Technology, Inc. has a twelve month low of $18.71 and a twelve month high of $36.35. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.08. The company’s 50-day simple moving average is $21.83 and its 200 day simple moving average is $22.95. The stock has a market cap of $2.10 billion, a P/E ratio of -46.47 and a beta of 0.53.

Wall Street Analyst Weigh In

ALKT has been the subject of several recent analyst reports. Zacks Research downgraded Alkami Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group cut their price target on Alkami Technology from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Barclays lowered their price objective on shares of Alkami Technology from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, October 31st. Citizens Jmp reiterated a “market outperform” rating and set a $40.00 target price on shares of Alkami Technology in a research note on Thursday, January 29th. Finally, Needham & Company LLC reduced their price target on shares of Alkami Technology from $40.00 to $32.00 and set a “buy” rating for the company in a report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Alkami Technology has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Insider Activity

In other news, insider Douglas A. Linebarger sold 8,179 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $20.34, for a total value of $166,360.86. Following the sale, the insider owned 221,751 shares in the company, valued at approximately $4,510,415.34. The trade was a 3.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 18.10% of the company’s stock.

Alkami Technology Profile

Alkami Technology, Inc is a provider of cloud-based digital banking and engagement solutions tailored for banks and credit unions. The company’s platform offers a comprehensive suite of online and mobile banking features, including bill payment, peer-to-peer transfers, card management, streamlined account opening and real-time alerts, all designed to enhance the end-user experience and drive customer loyalty.

Built on a multi-tenant, software-as-a-service (SaaS) architecture hosted in the cloud, Alkami’s platform leverages modern APIs and a partner ecosystem to integrate third-party fintech applications and services.