George Kaiser Family Foundation Takes $1.92 Million Position in Alkami Technology, Inc. $ALKT

George Kaiser Family Foundation purchased a new stake in Alkami Technology, Inc. (NASDAQ:ALKT – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 105,707 shares of the company’s stock, valued at approximately $1,915,000. Alkami Technology accounts for 0.2% of George Kaiser Family Foundation’s investment portfolio, making the stock its 24th largest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Summit Securities Group LLC lifted its stake in Alkami Technology by 84.2% during the first quarter. Summit Securities Group LLC now owns 1,842 shares of the company’s stock valued at $29,000 after buying an additional 842 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Alkami Technology by 91.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,447 shares of the company’s stock valued at $34,000 after purchasing an additional 692 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Alkami Technology by 398.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,146 shares of the company’s stock valued at $35,000 after purchasing an additional 916 shares in the last quarter. Optiver Holding B.V. purchased a new stake in shares of Alkami Technology in the first quarter valued at $36,000. Finally, Essential Partners LLC boosted its position in shares of Alkami Technology by 7,090.9% in the first quarter. Essential Partners LLC now owns 2,373 shares of the company’s stock worth $37,000 after buying an additional 2,340 shares during the period. Hedge funds and other institutional investors own 54.97% of the company’s stock.

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Alkami Technology Trading Up 2.4%

NASDAQ:ALKT opened at $20.38 on Friday. The company’s 50 day moving average is $17.93 and its 200-day moving average is $17.16. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.98. Alkami Technology, Inc. has a 12 month low of $13.98 and a 12 month high of $26.89. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -48.52 and a beta of 0.58.

Alkami Technology (NASDAQ:ALKT – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.23). Alkami Technology had a negative return on equity of 7.68% and a negative net margin of 9.21%.The firm had revenue of $129.84 million for the quarter, compared to the consensus estimate of $128.70 million. During the same period in the prior year, the company posted ($0.13) earnings per share. Alkami Technology’s quarterly revenue was up 15.8% on a year-over-year basis. Equities analysts anticipate that Alkami Technology, Inc. will post 0.14 EPS for the current year.

Analyst Ratings Changes

ALKT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Alkami Technology from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, June 22nd. Citizens Jmp decreased their price objective on Alkami Technology from $28.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alkami Technology in a research note on Friday, June 5th. Three equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.20.

Check Out Our Latest Stock Report on ALKT

About Alkami Technology

(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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