PDT Partners LLC Acquires 1,947 Shares of Alkami Technology, Inc. (NASDAQ:ALKT)

PDT Partners LLC raised its stake in Alkami Technology, Inc. (NASDAQ:ALKT) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,042 shares of the company’s stock after buying an additional 1,947 shares during the quarter. PDT Partners LLC’s holdings in Alkami Technology were worth $1,421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ALKT. Verition Fund Management LLC lifted its holdings in shares of Alkami Technology by 23.3% in the third quarter. Verition Fund Management LLC now owns 40,165 shares of the company’s stock valued at $1,267,000 after purchasing an additional 7,602 shares in the last quarter. Captrust Financial Advisors raised its position in Alkami Technology by 70.9% in the 3rd quarter. Captrust Financial Advisors now owns 28,482 shares of the company’s stock valued at $898,000 after buying an additional 11,813 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in Alkami Technology in the 3rd quarter valued at approximately $155,000. Walleye Capital LLC acquired a new position in Alkami Technology during the 3rd quarter worth approximately $365,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Alkami Technology by 46.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,447 shares of the company’s stock worth $298,000 after acquiring an additional 3,004 shares in the last quarter. Institutional investors and hedge funds own 54.97% of the company’s stock.

Alkami Technology Stock Up 0.5 %

ALKT stock opened at $39.47 on Monday. Alkami Technology, Inc. has a 1-year low of $21.19 and a 1-year high of $42.29. The business’s 50 day simple moving average is $35.99 and its 200 day simple moving average is $32.08. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $3.97 billion, a PE ratio of -83.98 and a beta of 0.43.

Insider Buying and Selling at Alkami Technology

In related news, insider Stephen Bohanon sold 15,605 shares of Alkami Technology stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $31.59, for a total transaction of $492,961.95. Following the completion of the sale, the insider now owns 388,181 shares of the company’s stock, valued at approximately $12,262,637.79. The trade was a 3.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO W Bryan Hill sold 17,937 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $31.59, for a total transaction of $566,629.83. Following the completion of the transaction, the chief financial officer now directly owns 471,403 shares in the company, valued at approximately $14,891,620.77. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,360,428 shares of company stock worth $244,916,568 over the last ninety days. Insiders own 38.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on ALKT shares. Barclays boosted their price objective on shares of Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Needham & Company LLC raised their price objective on Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their target price on Alkami Technology from $34.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. JMP Securities raised their price target on Alkami Technology from $38.00 to $41.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. Finally, Craig Hallum boosted their price target on Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Alkami Technology has a consensus rating of “Moderate Buy” and a consensus price target of $37.44.

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.