Alkami Technology, Inc. $ALKT Shares Purchased by George Kaiser Family Foundation

George Kaiser Family Foundation raised its holdings in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 35.4% during the 3rd quarter, Holdings Channel reports. The fund owned 154,678 shares of the company’s stock after purchasing an additional 40,482 shares during the period. Alkami Technology makes up approximately 0.5% of George Kaiser Family Foundation’s portfolio, making the stock its 11th largest holding. George Kaiser Family Foundation’s holdings in Alkami Technology were worth $3,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the business. CWM LLC increased its holdings in shares of Alkami Technology by 176.2% during the second quarter. CWM LLC now owns 942 shares of the company’s stock valued at $28,000 after purchasing an additional 601 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Alkami Technology by 398.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,146 shares of the company’s stock worth $35,000 after purchasing an additional 916 shares during the period. First Horizon Corp bought a new position in Alkami Technology in the 3rd quarter valued at about $30,000. Assetmark Inc. bought a new position in Alkami Technology in the 2nd quarter valued at about $44,000. Finally, AlphaQuest LLC increased its stake in Alkami Technology by 54.5% during the 3rd quarter. AlphaQuest LLC now owns 1,542 shares of the company’s stock valued at $38,000 after buying an additional 544 shares during the period. Institutional investors own 54.97% of the company’s stock.

Alkami Technology Stock Down 2.7%

NASDAQ ALKT opened at $16.49 on Thursday. Alkami Technology, Inc. has a 12 month low of $14.11 and a 12 month high of $31.66. The company has a market capitalization of $1.75 billion, a P/E ratio of -35.85 and a beta of 0.57. The company’s 50 day simple moving average is $19.54 and its 200 day simple moving average is $21.80. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.09 and a quick ratio of 2.09.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ALKT. Citizens Jmp reduced their price target on shares of Alkami Technology from $40.00 to $28.00 and set a “market outperform” rating for the company in a research note on Thursday, February 26th. Needham & Company LLC dropped their target price on Alkami Technology from $32.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Barclays cut their target price on Alkami Technology from $25.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alkami Technology in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. dropped their price objective on Alkami Technology from $38.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Alkami Technology has an average rating of “Hold” and a consensus price target of $28.57.

Insider Buying and Selling at Alkami Technology

In related news, insider Douglas A. Linebarger sold 5,518 shares of Alkami Technology stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $16.90, for a total value of $93,254.20. Following the transaction, the insider directly owned 216,233 shares in the company, valued at $3,654,337.70. The trade was a 2.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Cassandra Hudson sold 6,869 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $16.90, for a total value of $116,086.10. Following the sale, the chief financial officer directly owned 286,757 shares in the company, valued at $4,846,193.30. This trade represents a 2.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,739 shares of company stock worth $232,189 in the last ninety days. 18.10% of the stock is owned by corporate insiders.

Alkami Technology Company Profile

Alkami Technology, Inc is a provider of cloud-based digital banking and engagement solutions tailored for banks and credit unions. The company’s platform offers a comprehensive suite of online and mobile banking features, including bill payment, peer-to-peer transfers, card management, streamlined account opening and real-time alerts, all designed to enhance the end-user experience and drive customer loyalty.

Built on a multi-tenant, software-as-a-service (SaaS) architecture hosted in the cloud, Alkami’s platform leverages modern APIs and a partner ecosystem to integrate third-party fintech applications and services.