Hodges Capital Management Inc. Has $5.40 Million Stock Holdings in Alkami Technology, Inc. $ALKT

by · The Markets Daily

Hodges Capital Management Inc. boosted its position in Alkami Technology, Inc. (NASDAQ:ALKT – Free Report) by 22.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,423 shares of the company’s stock after buying an additional 63,095 shares during the period. Hodges Capital Management Inc.’s holdings in Alkami Technology were worth $5,397,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ALKT. Smartleaf Asset Management LLC grew its stake in Alkami Technology by 91.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,447 shares of the company’s stock valued at $34,000 after acquiring an additional 692 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Alkami Technology by 398.3% during 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. Global Retirement Partners LLC acquired a new position in shares of Alkami Technology during the fourth quarter worth approximately $37,000. CWM LLC lifted its holdings in shares of Alkami Technology by 97.6% in the 4th quarter. CWM LLC now owns 1,942 shares of the company’s stock worth $45,000 after purchasing an additional 959 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Alkami Technology in the 4th quarter worth $48,000. 54.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alkami Technology

In other news, Director Atlantic Genpar (Bermu General purchased 675,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $16.49 per share, with a total value of $11,130,750.00. Following the completion of the transaction, the director directly owned 19,420,994 shares of the company’s stock, valued at approximately $320,252,191.06. This trade represents a 3.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought a total of 4,041,543 shares of company stock valued at $67,594,674 in the last three months. Corporate insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ALKT. Citizens Jmp decreased their price target on shares of Alkami Technology from $28.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alkami Technology in a research note on Friday, June 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Alkami Technology from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.20.

View Our Latest Stock Report on Alkami Technology

Alkami Technology Stock Performance

Shares of Alkami Technology stock opened at $19.02 on Monday. The company has a market capitalization of $2.04 billion, a P/E ratio of -40.47 and a beta of 0.57. The stock has a fifty day simple moving average of $16.53 and a 200 day simple moving average of $17.97. Alkami Technology, Inc. has a 12-month low of $13.98 and a 12-month high of $30.88. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.96.

Alkami Technology (NASDAQ:ALKT – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.30). The company had revenue of $126.14 million for the quarter, compared to the consensus estimate of $125.22 million. Alkami Technology had a negative net margin of 10.55% and a negative return on equity of 8.91%. Alkami Technology’s revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the business posted $0.08 earnings per share. On average, sell-side analysts anticipate that Alkami Technology, Inc. will post 0.18 earnings per share for the current fiscal year.

Alkami Technology Profile

(Free Report)

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.

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