SG Americas Securities LLC Invests $636,000 in Alkami Technology, Inc. $ALKT

SG Americas Securities LLC bought a new stake in shares of Alkami Technology, Inc. (NASDAQ:ALKT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,622 shares of the company’s stock, valued at approximately $636,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CWM LLC lifted its position in Alkami Technology by 176.2% in 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 last quarter. EverSource Wealth Advisors LLC increased its stake in shares of 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 buying an additional 916 shares during the period. Assetmark Inc. bought a new stake in Alkami Technology during the 2nd quarter valued at $44,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Alkami Technology during the 2nd quarter valued at $49,000. Finally, Blue Trust Inc. grew its holdings in Alkami Technology by 27.6% in the 2nd quarter. Blue Trust Inc. now owns 1,852 shares of the company’s stock worth $56,000 after acquiring an additional 401 shares during the last quarter. 54.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alkami Technology

In related news, insider Douglas A. Linebarger sold 8,179 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $20.34, for a total transaction of $166,360.86. Following the completion of the transaction, the insider owned 221,751 shares of the company’s stock, valued at $4,510,415.34. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 18.10% of the stock is owned by insiders.

Alkami Technology Stock Up 8.0%

Shares of Alkami Technology stock opened at $21.18 on Friday. Alkami Technology, Inc. has a 1 year low of $18.71 and a 1 year high of $36.96. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of -49.26 and a beta of 0.53. The company has a 50-day moving average of $21.80 and a 200 day moving average of $23.43. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.17 and a quick ratio of 2.17.

Alkami Technology (NASDAQ:ALKT) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.29). Alkami Technology had a negative return on equity of 5.73% and a negative net margin of 10.63%.The business had revenue of $112.95 million during the quarter, compared to analysts’ expectations of $113.48 million. During the same quarter last year, the company posted ($0.09) EPS. Alkami Technology’s revenue for the quarter was up 31.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alkami Technology, Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on ALKT shares. Zacks Research downgraded shares of Alkami Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Citizens Jmp lowered their price target on Alkami Technology from $46.00 to $40.00 and set a “market outperform” rating for the company in a research report on Friday, October 31st. The Goldman Sachs Group dropped their price objective on Alkami Technology from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Alkami Technology in a research note on Wednesday. Finally, Barclays dropped their target price on shares of Alkami Technology from $30.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Alkami Technology has an average rating of “Moderate Buy” and a consensus price target of $36.00.

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.