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Alkami Technology Inc [ALKT] Insider Activity: An Update for Investors

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In a filing, Alkami Technology Inc revealed its Director GENERAL ATLANTIC GENPAR (BERMU unloaded Company’s shares for reported $40.93 million on May 07 ’24. In the deal valued at $26.53 per share,1,542,821 shares were sold. As a result of this transaction, GENERAL ATLANTIC GENPAR (BERMU now holds 17,186,985 shares worth roughly $431.22 million.

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Then, GENERAL ATLANTIC, L.P. sold 1,542,821 shares, generating $40,931,041 in total proceeds. Upon selling the shares at $26.53, the Director now owns 17,186,985 shares.

Before that, Linebarger Douglas A. sold 4,838 shares. Alkami Technology Inc shares valued at $131,515 were divested by the Chief Legal Officer at a price of $27.18 per share. As a result of the transaction, Linebarger Douglas A. now holds 262,749 shares, worth roughly $6.59 million.

Goldman downgraded its Alkami Technology Inc [ALKT] rating to a Neutral from a a Buy in a research note published on January 23, 2024; the price target was increased to $27 from $23. A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “an Equal-weight”. Goldman began covering ALKT with “Buy” recommendation on July 12, 2023. Lake Street started covering the stock on June 27, 2023. It rated ALKT as “a Buy”.

Price Performance Review of ALKT

On Tuesday, Alkami Technology Inc [NASDAQ:ALKT] saw its stock fall -1.34% to $25.09. Over the last five days, the stock has lost -9.19%. Alkami Technology Inc shares have risen nearly 3.46% since the year began. Nevertheless, the stocks have risen 95.25% over the past one year. While a 52-week high of $27.94 was reached on 05/07/24, a 52-week low of $12.85 was recorded on 01/03/24. SMA at 50 days reached $24.31, while 200 days put it at $21.72. A total of 0.34 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For ALKT Stock

The 24-hour chart illustrates a support level at 24.85, which if violated will result in even more drops to 24.61. On the upside, there is a resistance level at 25.53. A further resistance level may holdings at 25.97. The Relative Strength Index (RSI) on the 14-day chart is 49.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.19%. Stochastics %K at 45.80% indicates the stock is a holding.

The most recent change occurred on June 08, 2023 when Craig Hallum began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.

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