Alkami Technology, Inc. (NASDAQ:ALKT – Get Free Report) Director Brian R. Smith sold 83,333 shares of Alkami Technology stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $31.17, for a total value of $2,597,489.61. Following the completion of the sale, the director now directly owns 784,549 shares of the company’s stock, valued at $24,454,392.33. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Alkami Technology Price Performance
Shares of ALKT stock opened at $30.45 on Thursday. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.06. Alkami Technology, Inc. has a 12-month low of $14.93 and a 12-month high of $36.00. The firm has a fifty day moving average of $29.94 and a 200-day moving average of $26.84. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of -50.75 and a beta of 0.47.
Alkami Technology (NASDAQ:ALKT – Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $82.16 million during the quarter, compared to analysts’ expectations of $81.32 million. Alkami Technology had a negative return on equity of 13.47% and a negative net margin of 17.47%. The company’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.17) earnings per share. On average, equities research analysts forecast that Alkami Technology, Inc. will post -0.38 earnings per share for the current year.
Analyst Ratings Changes
Check Out Our Latest Report on ALKT
Institutional Trading of Alkami Technology
A number of large investors have recently bought and sold shares of the business. NBC Securities Inc. acquired a new position in shares of Alkami Technology in the fourth quarter valued at approximately $43,000. Perkins Coie Trust Co acquired a new position in Alkami Technology in the 2nd quarter worth $85,000. nVerses Capital LLC bought a new position in Alkami Technology during the 2nd quarter worth about $88,000. Quest Partners LLC bought a new position in shares of Alkami Technology during the fourth quarter worth about $113,000. Finally, Acadian Asset Management LLC bought a new stake in Alkami Technology in the 1st quarter valued at approximately $140,000. 54.97% of the stock is owned by institutional investors.
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.
Recommended Stories
- Five stocks we like better than Alkami Technology
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Brinker International’s Price Dip is an Appetizing Entry Point
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- 3 Stocks That Could Beat the September Blues
- How to invest in marijuana stocks in 7 stepsÂ
- Canopy Growth Stock: Can It Sustain Recent Gains?
Receive News & Ratings for Alkami Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alkami Technology and related companies with MarketBeat.com's FREE daily email newsletter.