Taylor Frigon Capital Management LLC Sells 8,895 Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

Taylor Frigon Capital Management LLC lowered its position in Alkami Technology, Inc. (NASDAQ:ALKT) by 10.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 72,863 shares of the company’s stock after selling 8,895 shares during the period. Alkami Technology comprises approximately 1.3% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 23rd largest position. Taylor Frigon Capital Management LLC owned 0.07% of Alkami Technology worth $2,673,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its holdings in Alkami Technology by 10.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 6,727 shares of the company’s stock worth $247,000 after buying an additional 615 shares during the period. Advisors Asset Management Inc. boosted its holdings in Alkami Technology by 117.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,166 shares of the company’s stock worth $37,000 after buying an additional 631 shares during the period. Blue Trust Inc. boosted its holdings in Alkami Technology by 507.0% in the 3rd quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock worth $38,000 after buying an additional 1,014 shares during the period. Quantbot Technologies LP boosted its holdings in Alkami Technology by 20.6% in the 3rd quarter. Quantbot Technologies LP now owns 8,915 shares of the company’s stock worth $281,000 after buying an additional 1,524 shares during the period. Finally, PDT Partners LLC boosted its holdings in Alkami Technology by 4.5% in the 3rd quarter. PDT Partners LLC now owns 45,042 shares of the company’s stock worth $1,421,000 after buying an additional 1,947 shares during the period. Institutional investors own 54.97% of the company’s stock.

Alkami Technology Stock Down 1.0 %

Shares of NASDAQ ALKT opened at $29.50 on Thursday. The firm’s 50-day moving average price is $35.21 and its 200-day moving average price is $35.04. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of -62.77 and a beta of 0.47. Alkami Technology, Inc. has a 12-month low of $22.65 and a 12-month high of $42.29.

Insider Activity

In related news, insider Douglas A. Linebarger sold 50,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $40.05, for a total value of $2,002,500.00. Following the sale, the insider now directly owns 191,668 shares of the company’s stock, valued at $7,676,303.40. This represents a 20.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO W Bryan Hill sold 17,807 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $38.37, for a total transaction of $683,254.59. Following the completion of the sale, the chief financial officer now directly owns 353,841 shares in the company, valued at $13,576,879.17. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 283,298 shares of company stock worth $10,600,144. 25.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ALKT has been the topic of several research analyst reports. Craig Hallum boosted their price target on shares of Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of Alkami Technology from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Barclays boosted their price target on shares of Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Needham & Company LLC boosted their price target on shares of Alkami Technology from $43.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Alkami Technology from $34.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.00.

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.