Atlantic Genpar (Bermu General Sells 3,000,000 Shares of Alkami Technology, Inc. (NASDAQ:ALKT) Stock

Alkami Technology, Inc. (NASDAQ:ALKT) Director Atlantic Genpar (Bermu General sold 3,000,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $39.75, for a total transaction of $119,250,000.00. Following the completion of the sale, the director now owns 9,680,049 shares in the company, valued at $384,781,947.75. This represents a 23.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Atlantic Genpar (Bermu General also recently made the following trade(s):

• On Tuesday, November 12th, Atlantic Genpar (Bermu General sold 375,000 shares of Alkami Technology stock. The shares were sold at an average price of $37.50, for a total transaction of $14,062,500.00.

Alkami Technology Stock Down 1.0 %

NASDAQ:ALKT opened at $39.28 on Friday. Alkami Technology, Inc. has a 1-year low of $21.19 and a 1-year high of $42.29. The company has a 50-day moving average of $35.69 and a 200 day moving average of $31.88. The firm has a market cap of $3.95 billion, a PE ratio of -83.57 and a beta of 0.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.52 and a quick ratio of 3.52.

Analyst Ratings Changes

ALKT has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Craig Hallum boosted their price objective on shares of Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Lake Street Capital boosted their price objective on shares of Alkami Technology from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC boosted their price objective on shares of Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, JMP Securities boosted their price objective on shares of Alkami Technology from $38.00 to $41.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.44.

Institutional Trading of Alkami Technology

Several hedge funds have recently modified their holdings of the company. Franklin Resources Inc. lifted its position in shares of Alkami Technology by 4.4% during the third quarter. Franklin Resources Inc. now owns 1,804,825 shares of the company’s stock valued at $61,364,000 after buying an additional 75,469 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Alkami Technology by 16.4% during the third quarter. Geode Capital Management LLC now owns 1,231,987 shares of the company’s stock valued at $38,865,000 after buying an additional 173,394 shares during the last quarter. Bullseye Asset Management LLC lifted its position in shares of Alkami Technology by 6.2% during the third quarter. Bullseye Asset Management LLC now owns 85,826 shares of the company’s stock valued at $2,707,000 after buying an additional 5,000 shares during the last quarter. Barclays PLC lifted its position in shares of Alkami Technology by 108.2% during the third quarter. Barclays PLC now owns 95,391 shares of the company’s stock valued at $3,009,000 after buying an additional 49,580 shares during the last quarter. Finally, Castleark Management LLC purchased a new stake in shares of Alkami Technology during the third quarter valued at about $6,050,000. 54.97% of the stock is owned by hedge funds and other 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.