Landscape Capital Management L.L.C. Invests $216,000 in Alkami Technology, Inc. (NASDAQ:ALKT)

Landscape Capital Management L.L.C. bought a new stake in Alkami Technology, Inc. (NASDAQ:ALKT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,898 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC purchased a new stake in shares of Alkami Technology during the 4th quarter worth $34,000. Blue Trust Inc. raised its stake in Alkami Technology by 162.6% in the fourth quarter. Blue Trust Inc. now owns 3,188 shares of the company’s stock valued at $117,000 after buying an additional 1,974 shares in the last quarter. Stifel Financial Corp purchased a new stake in Alkami Technology during the 3rd quarter worth about $223,000. Atria Investments Inc acquired a new position in shares of Alkami Technology during the 4th quarter worth about $239,000. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Alkami Technology by 10.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 6,727 shares of the company’s stock valued at $247,000 after acquiring an additional 615 shares during the last quarter. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ALKT. Stephens raised Alkami Technology from an “equal weight” rating to an “overweight” rating and set a $40.00 price target for the company in a report on Thursday, March 13th. The Goldman Sachs Group dropped their target price on shares of Alkami Technology from $39.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Finally, Barclays reduced their price target on shares of Alkami Technology from $41.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alkami Technology has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Insider Buying and Selling

In related news, insider Douglas A. Linebarger sold 4,358 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $30.41, for a total value of $132,526.78. Following the completion of the sale, the insider now owns 244,404 shares in the company, valued at $7,432,325.64. This trade represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO W Bryan Hill sold 17,409 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $30.41, for a total value of $529,407.69. Following the transaction, the chief financial officer now owns 450,620 shares in the company, valued at $13,703,354.20. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,767 shares of company stock valued at $4,004,934 over the last three months. 38.00% of the stock is currently owned by company insiders.

Alkami Technology Price Performance

Shares of NASDAQ:ALKT opened at $22.54 on Wednesday. Alkami Technology, Inc. has a one year low of $21.70 and a one year high of $42.29. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of -47.96 and a beta of 0.56. The company has a 50-day simple moving average of $29.07 and a 200-day simple moving average of $33.95. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52.

Alkami Technology (NASDAQ:ALKT) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.31%. The company had revenue of $89.66 million for the quarter, compared to analysts’ expectations of $89.63 million. On average, analysts predict that Alkami Technology, Inc. will post -0.34 EPS for the current year.

Alkami Technology 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.