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 $1,205,831 were sold by Bohanon Stephen on Aug 29 ’24. At $33.60 per share, Bohanon Stephen sold 35,893 shares. The insider’s holdings dropped to 403,786 shares worth approximately $12.57 million following the completion of this transaction.
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Also, STEPHEN BOHANON purchased 35,893 shares, netting a total of over 1,205,827 in proceeds.
Before that, HILL W BRYAN had sold 69,511 shares from its account. In a trade valued at $2,317,247, the Chief Financial Officer traded Alkami Technology Inc shares for $33.34 each. Upon closing the transaction, the insider’s holdings decreased to 69,511 shares, worth approximately $15.23 million.
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 drop of approximately -4.57%. Over the course of the year, Alkami Technology Inc shares have jumped approximately 28.33%. 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 $31.69, while a 200-day SMA reached $26.49. Nevertheless, trading volume fell to 0.52 million shares from 0.38 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 30.80, which, if violated, would cause prices to drop to 30.47. In the upper region, resistance lies at 31.49. The next price resistance is at 31.85. RSI (Relative Strength Index) is 44.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.84, which suggests the price will decrease in the coming days. Percent R is at 91.67%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
