A company insider recently sold 30,000 shares of Alkami Technology Inc [ALKT]. Should You also Consider to Sale?

Alkami Technology Inc’s filing revealed that its Chief Financial Officer HILL W BRYAN unloaded Company’s shares for reported $0.7 million on Dec 06. In the deal valued at $23.26 per share,30,000 shares were sold. As a result of this transaction, HILL W BRYAN now holds 357,524 shares worth roughly $9.02 million.

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Then, Linebarger Douglas A. sold 100,000 shares, generating $2,263,680 in total proceeds. Upon selling the shares at $22.64, the Chief Legal Officer now owns 202,381 shares.

Before that, Bohanon Stephen sold 87,260 shares. Alkami Technology Inc shares valued at $1,979,904 were divested by the Chief Strategy & Product Offr. at a price of $22.69 per share. As a result of the transaction, Bohanon Stephen now holds 380,348 shares, worth roughly $9.59 million.

Goldman downgraded its Alkami Technology Inc [ALKT] rating to a Neutral from a a Buy in a research note published on Tuesday, January 23, 2024; the price target was increased to $27 from $23.

Price Performance Review of ALKT

On Tuesday, Alkami Technology Inc [NASDAQ:ALKT] saw its stock fall -3.56% to $25.22. Over the last five days, the stock has gained 2.35%. Alkami Technology Inc shares have risen nearly 4.00% since the year began. Nevertheless, the stocks have risen 56.65% over the past one year. While a 52-week high of $26.42 was reached on 02/12/24, a 52-week low of $10.93 was recorded on 01/03/24. SMA at 50 days reached $24.13, while 200 days put it at $18.72. A total of 0.34 million shares were traded, compared to the trading of 0.27 million shares in the previous session.

Levels Of Support And Resistance For ALKT Stock

The 24-hour chart illustrates a support level at 24.84, which if violated will result in even more drops to 24.45. On the upside, there is a resistance level at 25.62. A further resistance level may holdings at 26.01. The Relative Strength Index (RSI) on the 14-day chart is 54.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.08%. Stochastics %K at 76.68% indicates the stock is a holding.

How much short interest is there in Alkami Technology Inc?

A steep rise in short interest was recorded in Alkami Technology Inc stocks on Jan 31, 2024, growing by 36590.0 shares to a total of 0.99 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 0.95 million shares. There was a rise of 3.71%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.26% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.16.

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