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Investing in Alkami Technology Inc (ALKT) Is Getting More Attractive

In a filing, Alkami Technology Inc revealed its Chief Financial Officer HILL W BRYAN unloaded Company’s shares for reported $2.57 million on Jun 17 ’24. In the deal valued at $25.72 per share,100,000 shares were sold. As a result of this transaction, HILL W BRYAN now holds 489,340 shares worth roughly $12.7 million.

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Then, Bohanon Stephen sold 22,171 shares, generating $595,858 in total proceeds. Upon selling the shares at $26.88, the Chief Strategy & Product Offr. now owns 407,940 shares.

Before that, Bohanon Stephen sold 5,053 shares. Alkami Technology Inc shares valued at $144,661 were divested by the Chief Strategy & Product Offr. at a price of $28.63 per share. As a result of the transaction, Bohanon Stephen now holds 444,499 shares, worth roughly $11.53 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 Monday, Alkami Technology Inc [NASDAQ:ALKT] saw its stock jump 1.01% to $25.95. Over the last five days, the stock has gained 0.04%. Alkami Technology Inc shares have risen nearly 7.01% since the year began. Nevertheless, the stocks have risen 65.71% over the past one year. While a 52-week high of $29.28 was reached on 05/20/24, a 52-week low of $14.93 was recorded on 01/03/24. SMA at 50 days reached $26.07, while 200 days put it at $23.14. A total of 0.46 million shares were traded, compared to the trading of 0.6 million shares in the previous session.

Levels Of Support And Resistance For ALKT Stock

The 24-hour chart illustrates a support level at 25.68, which if violated will result in even more drops to 25.40. On the upside, there is a resistance level at 26.23. A further resistance level may holdings at 26.50. The Relative Strength Index (RSI) on the 14-day chart is 46.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.28%. Stochastics %K at 28.20% 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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