Short Interest in Alkami Technology, Inc. (NASDAQ:ALKT) Rises By 37.8% – Notice Important Online

Alkami Technology, Inc. (NASDAQ:ALKT – Get Free Report) saw a momentous process in brief welfare in the period of June. As of June 15th, there was brief welfare totalling 1,140,000 shares, an process of 37.8% from the May 31st amount of 827,500 shares. Based on an cipher regular intensity of 419,900 shares, the short-interest ratio is presently 2.7 days. Currently, 2.1% of the shares of the consort are oversubscribed short.

Insider Activity

In attendant news, CFO W politico Hill oversubscribed 100,000 shares of the company’s hit in a dealings that occurred on Monday, May 20th. The shares were oversubscribed at an cipher toll of $28.80, for a amount dealings of $2,880,000.00. Following the sale, the honcho playing tar today owns 505,877 shares of the company’s stock, valued at roughly $14,569,257.60. The dealings was unconcealed in a jural filing with the Securities & Exchange Commission, which is reachable finished this hyperlink. In attendant news, CFO W politico Hill oversubscribed 100,000 shares of the company’s hit in a dealings that occurred on Monday, May 20th. The shares were oversubscribed at an cipher toll of $28.80, for a amount dealings of $2,880,000.00. Following the sale, the honcho playing tar today owns 505,877 shares of the company’s stock, valued at roughly $14,569,257.60. The dealings was unconcealed in a jural filing with the Securities & Exchange Commission, which is reachable finished this hyperlink. Also, Director ocean Genpar (Bermu General oversubscribed 1,542,821 shares of the company’s hit in a dealings that occurred on Tuesday, May 7th. The hit was oversubscribed at an cipher toll of $26.53, for a amount dealings of $40,931,041.13. Following the sale, the administrator today direct owns 17,186,985 shares in the company, valued at roughly $455,970,712.05. The revealing for this understanding crapper be institute here. Insiders hit oversubscribed a amount of 1,848,472 shares of consort hit valued at $49,241,550 over the terminal quarter. Company insiders possess 38.00% of the company’s stock.

Institutional Investors Weigh In On Alkami Technology

Large investors hit fresh added to or baritone their wager in the company. Jump Financial LLC grew its holdings in Alkami Technology by 138.3% in the 4th quarter. Jump Financial LLC today owns 55,767 shares of the company’s hit worth $1,352,000 after feat an added 32,367 shares during the terminal quarter. Trexquant Investment LP bought a newborn wager in Alkami Technology in the 4th lodge worth $1,094,000. SG Americas Securities LLC boosted its wager in shares of Alkami Technology by 1,283.9% during the 4th quarter. SG Americas Securities LLC today owns 83,727 shares of the company’s hit valued at $2,030,000 after purchase an added 77,677 shares in the terminal quarter. Quadrature Capital Ltd bought a newborn wager in shares of Alkami Technology during the 3rd lodge valued at most $214,000. Finally, Quest Partners LLC bought a newborn wager in shares of Alkami Technology during the 4th lodge valued at most $113,000. Institutional investors possess 54.97% of the company’s stock.

Alkami Technology Price Performance

ALKT stock unsealed at $28.48 on Friday. The consort has a debt-to-equity ratio of 0.06, a hurried ratio of 3.92 and a underway ratio of 3.92. Alkami Technology has a 52 hebdomad baritone of $14.93 and a 52 hebdomad broad of $29.28. The firm’s banknote period agitated cipher is $26.45 and its 200 period agitated cipher is $25.06. The concern has a mart container of $2.78 billion, a P/E ratio of -47.47 and a beta of 0.46.

Alkami Technology (NASDAQ:ALKT – Get Free Report) terminal declared its quarterly earnings results on Wednesday, May 1st. The consort reportable $0.05 earnings per deal (EPS) for the quarter, superior analysts’ consensus estimates of $0.02 by $0.03. The playing had income of $76.10 meg for the quarter, compared to shrink estimates of $75.57 million. Alkami Technology had a perverse gain edge of 20.42% and a perverse convey on justness of 15.31%. The company’s income was up 26.8% on a year-over-year basis. During the aforementioned lodge terminal year, the concern attained ($0.16) EPS. Research analysts prognosticate that Alkami Technology module place -0.38 earnings per deal for the underway year.

Analyst Upgrades and Downgrades

Several analysts hit fresh weighed in on the stock. JMP Securities restated a “market outperform” judgement and ordered a $30.00 toll neutral on shares of Alkami Technology in a investigate inform on Monday, Apr 15th. Craig Hallum upraised their toll neutral on shares of Alkami Technology from $30.00 to $31.00 and gave the consort a “buy” judgement in a investigate inform on Thursday, May 2nd. Finally, Needham & Company LLC restated a “buy” judgement and ordered a $32.00 toll neutral on shares of Alkami Technology in a investigate inform on Tuesday. Three investigate analysts hit rated the hit with a stop judgement and heptad hit appointed a acquire judgement to the stock. According to MarketBeat.com, the consort presently has a consensus judgement of “Moderate Buy” and an cipher direct toll of $27.56.

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About Alkami Technology

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Alkami Technology, Inc offers cloud-based digital banking solutions in the United States. The company’s Alkami Platform allows playing institutions to onboard and vow newborn users, qualify revenues, and compound effective efficiency, with the hold of a proprietary, cloud-based, and multi-tenant architecture.

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