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 $3,631,110 were sold by HILL W BRYAN on Nov 18 ’24. At $36.31 per share, HILL W BRYAN sold 100,000 shares. The insider’s holdings dropped to 471,403 shares worth approximately $17.8 million following the completion of this transaction.
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Also, DOUGLAS A. LINEBARGER purchased 12,079 shares, netting a total of over 459,970 in proceeds.
Before that, Linebarger Douglas A. had sold 5,239 shares from its account. In a trade valued at $199,174, the Chief Legal Officer traded Alkami Technology Inc shares for $38.02 each. Upon closing the transaction, the insider’s holdings decreased to 5,239 shares, worth approximately $9.38 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 -0.11%. Over the course of the year, Alkami Technology Inc shares have jumped approximately 55.67%. Shares of the company reached a 52-week high of $41.36 on 10/31/24 and a 52-week low of $22.62 on 01/03/24. A 50-day SMA is recorded $34.71, while a 200-day SMA reached $29.33. Nevertheless, trading volume fell to 0.79 million shares from 0.7 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 37.30, which, if violated, would cause prices to drop to 36.86. In the upper region, resistance lies at 38.22. The next price resistance is at 38.70. RSI (Relative Strength Index) is 55.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 46.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
