Y Intercept Hong Kong Ltd Invests $723,000 in Alkami Technology, Inc. (NASDAQ:ALKT)

Y Intercept Hong Kong Ltd purchased a new position in shares of Alkami Technology, Inc. (NASDAQ:ALKT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 19,700 shares of the company’s stock, valued at approximately $723,000.

Several other large investors also recently made changes to their positions in ALKT. Advisors Asset Management Inc. boosted its stake in shares of Alkami Technology by 117.9% during 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. boosted its stake in Alkami Technology by 507.0% during the 3rd quarter. Blue Trust Inc. now owns 1,214 shares of the company’s stock valued at $38,000 after purchasing an additional 1,014 shares during the period. Covestor Ltd boosted its stake in Alkami Technology by 6,300.0% during the 3rd quarter. Covestor Ltd now owns 2,688 shares of the company’s stock valued at $85,000 after purchasing an additional 2,646 shares during the period. Icon Wealth Advisors LLC bought a new stake in Alkami Technology during the 3rd quarter valued at approximately $155,000. Finally, Harbor Capital Advisors Inc. boosted its stake in Alkami Technology by 12.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,112 shares of the company’s stock valued at $193,000 after purchasing an additional 691 shares during the period. Institutional investors own 54.97% of the company’s stock.

Insider Buying and Selling at Alkami Technology

In related news, CFO W Bryan Hill sold 17,807 shares of Alkami Technology stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $38.37, for a total value of $683,254.59. Following the sale, the chief financial officer now owns 353,841 shares of the company’s stock, valued at approximately $13,576,879.17. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas A. Linebarger sold 50,000 shares of Alkami Technology 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 completion of the sale, the insider now directly owns 191,668 shares in the company, valued at approximately $7,676,303.40. This represents a 20.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 283,298 shares of company stock valued at $10,600,144 in the last 90 days. 25.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ALKT has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. The Goldman Sachs Group increased their target price on Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Alkami Technology Stock Up 6.5 %

NASDAQ:ALKT opened at $30.84 on Friday. Alkami Technology, Inc. has a 12-month low of $22.65 and a 12-month high of $42.29. 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 has a market capitalization of $3.10 billion, a P/E ratio of -65.62 and a beta of 0.47. The stock’s fifty day simple moving average is $34.85 and its 200-day simple moving average is $34.99.

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

Alkami Technology 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.