Alkami Technology, Inc. $ALKT Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 87.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 242,763 shares of the company’s stock after buying an additional 113,390 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Alkami Technology were worth $4,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Summit Securities Group LLC grew its stake in Alkami Technology by 84.2% in the 1st quarter. Summit Securities Group LLC now owns 1,842 shares of the company’s stock valued at $29,000 after acquiring an additional 842 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Alkami Technology by 91.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,447 shares of the company’s stock worth $34,000 after acquiring an additional 692 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Alkami Technology by 398.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,146 shares of the company’s stock worth $35,000 after acquiring an additional 916 shares during the last quarter. Optiver Holding B.V. acquired a new position in Alkami Technology during the first quarter worth about $36,000. Finally, Essential Partners LLC lifted its holdings in shares of Alkami Technology by 7,090.9% in the first quarter. Essential Partners LLC now owns 2,373 shares of the company’s stock valued at $37,000 after purchasing an additional 2,340 shares in the last quarter. 54.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ALKT shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alkami Technology in a research report on Wednesday, September 2nd. Needham & Company LLC lifted their price objective on Alkami Technology from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, JPMorgan Chase & Co. upped their target price on Alkami Technology from $19.00 to $24.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. Three 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $23.80.

Alkami Technology Price Performance

Alkami Technology stock opened at $18.65 on Thursday. The stock has a market capitalization of $1.99 billion, a P/E ratio of -44.40 and a beta of 0.61. Alkami Technology, Inc. has a 12-month low of $13.98 and a 12-month high of $26.89. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.13 and a quick ratio of 2.13. The firm’s 50-day moving average is $18.96 and its two-hundred day moving average is $17.42.

Alkami Technology (NASDAQ:ALKT) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.23). Alkami Technology had a negative net margin of 9.21% and a negative return on equity of 7.68%. The firm had revenue of $129.84 million for the quarter, compared to analysts’ expectations of $128.70 million. During the same period in the previous year, the company posted ($0.13) EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. Equities analysts predict that Alkami Technology, Inc. will post 0.14 earnings per share for the current year.

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.