Alkami Technology, Inc. $ALKT Shares Purchased by Herald Investment Management Ltd

Herald Investment Management Ltd boosted its stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 20.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,000 shares of the company’s stock after acquiring an additional 30,000 shares during the quarter. Alkami Technology accounts for 0.8% of Herald Investment Management Ltd’s holdings, making the stock its 28th largest position. Herald Investment Management Ltd’s holdings in Alkami Technology were worth $5,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of ALKT. Harbor Capital Advisors Inc. grew its stake in shares of Alkami Technology by 370.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 63,660 shares of the company’s stock worth $1,919,000 after purchasing an additional 50,131 shares during the period. George Kaiser Family Foundation purchased a new stake in Alkami Technology during the first quarter worth $2,948,000. Amalgamated Bank grew its position in Alkami Technology by 50.8% during the first quarter. Amalgamated Bank now owns 2,091 shares of the company’s stock valued at $55,000 after buying an additional 704 shares during the period. Vanguard Group Inc. increased its holdings in Alkami Technology by 6.7% in the first quarter. Vanguard Group Inc. now owns 7,949,573 shares of the company’s stock valued at $208,676,000 after buying an additional 501,722 shares in the last quarter. Finally, Corebridge Financial Inc. raised its position in shares of Alkami Technology by 12.6% in the first quarter. Corebridge Financial Inc. now owns 29,714 shares of the company’s stock worth $780,000 after acquiring an additional 3,325 shares during the period. 54.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ALKT shares. Weiss Ratings restated a “sell (d-)” rating on shares of Alkami Technology in a research report on Saturday, September 27th. JPMorgan Chase & Co. started coverage on Alkami Technology in a research report on Wednesday, June 18th. They issued an “overweight” rating and a $40.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.25.

Alkami Technology Trading Up 1.9%

ALKT opened at $24.59 on Monday. The firm has a market cap of $2.56 billion, a P/E ratio of -64.71 and a beta of 0.57. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 1.17. The business has a fifty day simple moving average of $24.28 and a 200-day simple moving average of $26.61. Alkami Technology, Inc. has a 52 week low of $19.94 and a 52 week high of $42.29.

Insider Activity at Alkami Technology

In other Alkami Technology news, CFO W Bryan Hill sold 20,366 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $24.76, for a total transaction of $504,262.16. Following the sale, the chief financial officer directly owned 409,889 shares in the company, valued at $10,148,851.64. This represents a 4.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Prerna Sachdeva sold 2,967 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $24.76, for a total value of $73,462.92. Following the sale, the chief accounting officer directly owned 66,061 shares in the company, valued at $1,635,670.36. This represents a 4.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 1,396,162 shares of company stock worth $29,692,440. Corporate insiders own 18.10% of the company’s stock.

About Alkami Technology

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.