The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Alkami Technology Inc shares valued at $2,208,273 were sold by Linebarger Douglas A. on Aug 21 ’24. At $31.48 per share, Linebarger Douglas A. sold 70,154 shares. The insider’s holdings dropped to 255,555 shares worth approximately $8.15 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Linebarger Douglas A. sold 2,623 shares, netting a total of over 82,782 in proceeds. Following the sale of shares at $31.56 each, the insider now holds 255,555 shares.
Before that, DOUGLAS LINEBARGER had added 70,154 shares to its account. In a trade valued at $2,208,273, the Officer bought Alkami Technology Inc shares for $31.48 each.
As published in a research note from Goldman on January 23, 2024, Alkami Technology Inc [ALKT] has been rated down from a Buy to a Neutral and the price target has been revised to $27 from $23. Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early December. As of July 12, 2023, Goldman has initiated its “Buy” rating for ALKT. Earlier on June 27, 2023, Lake Street initiated its rating. Their recommendation was “a Buy” for ALKT stock.
Analyzing ALKT Stock Performance
During the last five days, there has been a surge of approximately 1.76%. Over the course of the year, Alkami Technology Inc shares have jumped approximately 31.46%. Shares of the company reached a 52-week high of $36.00 on 08/01/24 and a 52-week low of $22.62 on 01/03/24. A 50-day SMA is recorded $30.46, while a 200-day SMA reached $25.98. Nevertheless, trading volume fell to 0.67 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Alkami Technology Inc (ALKT)
According to the 24-hour chart, there is a support level at 31.53, which, if violated, would cause prices to drop to 31.17. In the upper region, resistance lies at 32.41. The next price resistance is at 32.93. RSI (Relative Strength Index) is 52.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 47.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
