Nicholas Company Inc. Acquires 31,410 Shares of Alkami Technology, Inc. $ALKT

Nicholas Company Inc. grew its holdings in Alkami Technology, Inc. (NASDAQ:ALKT) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 312,297 shares of the company’s stock after acquiring an additional 31,410 shares during the quarter. Nicholas Company Inc. owned 0.30% of Alkami Technology worth $7,205,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Pictet Asset Management Holding SA grew its holdings in shares of Alkami Technology by 21.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,322 shares of the company’s stock worth $307,000 after buying an additional 2,325 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Alkami Technology by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 8,414,419 shares of the company’s stock worth $194,121,000 after buying an additional 456,275 shares in the last quarter. Wealth Enhancement Trust Services Inc. bought a new position in shares of Alkami Technology during the fourth quarter worth about $1,068,000. Chicago Capital LLC grew its holdings in shares of Alkami Technology by 25.5% during the fourth quarter. Chicago Capital LLC now owns 1,701,532 shares of the company’s stock worth $39,254,000 after buying an additional 346,245 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Alkami Technology by 97.6% during the fourth quarter. CWM LLC now owns 1,942 shares of the company’s stock worth $45,000 after buying an additional 959 shares in the last quarter. 54.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Cassandra Hudson sold 6,869 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $16.90, for a total value of $116,086.10. Following the completion of the sale, the chief financial officer directly owned 286,757 shares of the company’s stock, valued at $4,846,193.30. This trade represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Atlantic Genpar (Bermu General acquired 844,772 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was acquired at an average cost of $16.63 per share, with a total value of $14,048,558.36. Following the completion of the transaction, the director owned 17,445,994 shares of the company’s stock, valued at approximately $290,126,880.22. The trade was a 5.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 5,418,058 shares of company stock valued at $94,494,336 and sold 13,739 shares valued at $232,189. Corporate insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALKT shares. JPMorgan Chase & Co. decreased their price objective on Alkami Technology from $38.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Needham & Company LLC decreased their price objective on Alkami Technology from $32.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Barclays decreased their price objective on Alkami Technology from $25.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alkami Technology in a report on Wednesday, January 21st. Finally, Citizens Jmp decreased their price objective on Alkami Technology from $28.00 to $23.00 and set a “market outperform” rating for the company in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Alkami Technology currently has a consensus rating of “Hold” and a consensus price target of $22.80.

Alkami Technology Stock Performance

Shares of NASDAQ ALKT opened at $17.97 on Monday. The stock has a 50 day moving average price of $16.73 and a 200 day moving average price of $19.36. Alkami Technology, Inc. has a 52 week low of $14.11 and a 52 week high of $31.66. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.30 and a current ratio of 2.30. The stock has a market capitalization of $1.92 billion, a PE ratio of -38.23 and a beta of 0.54.

Alkami Technology (NASDAQ:ALKT) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.30). Alkami Technology had a negative net margin of 10.55% and a negative return on equity of 8.91%. The company had revenue of $126.14 million for the quarter, compared to analyst estimates of $125.22 million. During the same period last year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. Analysts predict that Alkami Technology, Inc. will post 0.18 earnings per share for the current fiscal year.

Alkami Technology Company 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.