Alkami Technology Inc (NASDAQ: ALKT) is -28.38% lower on its value in year-to-date trading and has touched a low of $22.65 and a high of $42.29 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALKT stock was last observed hovering at around $26.13 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $26.27, the stock is -4.30% and -17.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 0.54% at the moment leaves the stock -20.59% off its SMA200. ALKT registered 13.77% gain for a year compared to 6-month gain of -14.21%. The firm has a 50-day simple moving average (SMA 50) of $31.8068 and a 200-day simple moving average (SMA200) of $33.08155.
The stock witnessed a -17.80% loss in the last 1 month and extending the period to 3 months gives it a -33.85%, and is 4.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.95% over the week and 4.57% over the month.
Alkami Technology Inc (ALKT) has around 938 employees, a market worth around $2.69B and $333.85M in sales. Fwd P/E is 32.18. Profit margin for the company is -12.23%. Distance from 52-week low is 15.98% and -37.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.91%).
The EPS is expected to grow by 93.46% this year
343.0 institutions hold shares in Alkami Technology Inc (ALKT), with institutional investors hold 95.09% of the company’s shares. The shares outstanding are 102.09M, and float is at 65.11M with Short Float at 2.32%. Institutions hold 71.74% of the Float.
The top institutional shareholder in the company is GENERAL ATLANTIC, L.P. with over 17.19 million shares valued at $489.49 million. The investor’s holdings represent 17.5192 of the ALKT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.4 million shares valued at $153.66 million to account for 5.5652 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 4.68 million shares representing 4.7704 and valued at over $133.28 million, while BLACKROCK INC. holds 3.6851 of the shares totaling 3.57 million with a market value of $101.75 million.
Alkami Technology Inc (ALKT) Insider Activity
The most recent transaction is an insider sale by Shootman Alex, the company’s Chief Executive Officer. SEC filings show that Shootman Alex sold 35,408 shares of the company’s common stock on Mar 10 ’25 at a price of $24.28 per share for a total of $0.86 million. Following the sale, the insider now owns 1.03 million shares.
Alkami Technology Inc disclosed in a document filed with the SEC on Mar 03 ’25 that Linebarger Douglas A. (Chief Legal Officer) sold a total of 4,358 shares of the company’s common stock. The trade occurred on Mar 03 ’25 and was made at $30.41 per share for $0.13 million. Following the transaction, the insider now directly holds 0.24 million shares of the ALKT stock.
Still, SEC filings show that on Mar 03 ’25, HILL W BRYAN (Chief Financial Officer) disposed off 17,409 shares at an average price of $30.41 for $0.53 million. The insider now directly holds 450,620 shares of Alkami Technology Inc (ALKT).
