Segall Bryant & Hamill LLC Has $8.12 Million Stake in Alkami Technology, Inc. (NASDAQ:ALKT)

Segall Bryant & Hamill LLC cut its stake in Alkami Technology, Inc. (NASDAQ:ALKT) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,355 shares of the company’s stock after selling 2,992 shares during the quarter. Segall Bryant & Hamill LLC owned 0.22% of Alkami Technology worth $8,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ALKT. Essex Investment Management Co. LLC bought a new stake in Alkami Technology during the fourth quarter worth $34,000. Advisors Asset Management Inc. grew its stake in shares of 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 acquiring an additional 631 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Alkami Technology by 162.6% in the 4th quarter. Blue Trust Inc. now owns 3,188 shares of the company’s stock worth $117,000 after acquiring an additional 1,974 shares in the last quarter. Icon Wealth Advisors LLC bought a new position in shares of Alkami Technology during the third quarter valued at about $155,000. Finally, Atria Investments Inc purchased a new position in Alkami Technology during the fourth quarter worth about $239,000. Institutional investors own 54.97% of the company’s stock.

Insider Transactions at Alkami Technology

In other Alkami Technology news, CFO W Bryan Hill sold 17,409 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $30.41, for a total value of $529,407.69. Following the sale, the chief financial officer now directly owns 450,620 shares in the company, valued at $13,703,354.20. This represents a 3.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Douglas A. Linebarger sold 4,358 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $30.41, for a total transaction of $132,526.78. Following the transaction, the insider now owns 244,404 shares of the company’s stock, valued at $7,432,325.64. This trade represents a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,767 shares of company stock valued at $4,004,934 over the last three months. Company insiders own 25.90% of the company’s stock.

Alkami Technology Price Performance

NASDAQ ALKT opened at $27.48 on Thursday. The company has a market cap of $2.81 billion, a PE ratio of -58.47 and a beta of 0.49. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $31.19 and its two-hundred day simple moving average is $34.33. Alkami Technology, Inc. has a 52 week low of $22.65 and a 52 week high of $42.29.

Alkami Technology (NASDAQ:ALKT) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.31%. The business had revenue of $89.66 million for the quarter, compared to analysts’ expectations of $89.63 million. Research analysts predict that Alkami Technology, Inc. will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Barclays decreased their price target on Alkami Technology from $41.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Stephens raised shares of Alkami Technology from an “equal weight” rating to an “overweight” rating and set a $40.00 price target on the stock in a report on Thursday, March 13th. Finally, The Goldman Sachs Group decreased their price objective on shares of Alkami Technology from $39.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

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.