Royce & Associates LP Sells 192,783 Shares of Alkami Technology, Inc. $ALKT

Royce & Associates LP reduced its position in shares of Alkami Technology, Inc. (NASDAQ:ALKT) by 65.8% in the third quarter, HoldingsChannel.com reports. The firm owned 100,156 shares of the company’s stock after selling 192,783 shares during the period. Royce & Associates LP’s holdings in Alkami Technology were worth $2,488,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Amundi raised its position in Alkami Technology by 1.9% during the 1st quarter. Amundi now owns 29,040 shares of the company’s stock valued at $731,000 after purchasing an additional 548 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Alkami Technology by 32.4% during the first quarter. Advisors Asset Management Inc. now owns 2,425 shares of the company’s stock valued at $64,000 after buying an additional 594 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Alkami Technology by 19.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,081 shares of the company’s stock valued at $947,000 after acquiring an additional 5,884 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Alkami Technology by 64.7% during the first quarter. Millennium Management LLC now owns 698,677 shares of the company’s stock valued at $18,340,000 after acquiring an additional 274,439 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Alkami Technology by 11.1% in the first quarter. Goldman Sachs Group Inc. now owns 720,770 shares of the company’s stock worth $18,920,000 after acquiring an additional 71,949 shares during the period. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Wall Street Analyst Weigh In

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

Key Stories Impacting Alkami Technology

Here are the key news stories impacting Alkami Technology this week:

• Positive Sentiment: Alkami launched “Automated Stage Match” in its SDK Wizard to speed development and testing for financial-institution partners — a product improvement that can reduce implementation friction and help win or expand client deployments. PR Newswire
• Neutral Sentiment: Reports show an odd/empty short-interest update (short interest reported as 0 shares with a days-to-cover of 0.0), which appears to be a data anomaly and provides no clear directional signal for the stock today.
• Negative Sentiment: Multiple insiders sold shares on March 2: CFO Cassandra Hudson sold 6,869 shares (~$116k at ~$16.90) and CAO Prerna Sachdeva sold 1,352 shares (~$22.8k). Another insider, Douglas Linebarger, also sold 5,518 shares. Insider selling at this scale can be seen as a negative catalyst or a signal of reduced insider conviction. CFO filing: SEC Form 4 (Hudson) · CAO sale: SEC Form 4 (Sachdeva)
• Negative Sentiment: Several research firms recently trimmed price targets (Needham, Citizens JMP, Barclays, JPMorgan), lowering upside expectations and contributing to a consensus “Hold” rating — a headwind for shares until guidance or results improve. Source: MarketBeat summary. MarketBeat analyst notes

Insider Activity at Alkami Technology

In other news, CFO Cassandra Hudson sold 6,869 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $4,846,193.30. The trade was a 2.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Douglas A. Linebarger sold 5,518 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 216,233 shares in the company, valued at $3,654,337.70. The trade was a 2.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,739 shares of company stock valued at $232,189 over the last quarter. Company insiders own 18.10% of the company’s stock.

Alkami Technology Trading Up 0.1%

Shares of NASDAQ ALKT opened at $16.50 on Friday. Alkami Technology, Inc. has a 1 year low of $14.11 and a 1 year high of $31.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.09 and a quick ratio of 2.09. The firm has a 50-day moving average of $19.41 and a 200 day moving average of $21.77. The stock has a market cap of $1.75 billion, a P/E ratio of -35.87 and a beta of 0.57.

About Alkami Technology

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.