Alkami Technology Inc’s recent filing unveils that its Chief Legal Officer Linebarger Douglas A. unloaded Company’s shares for reported $1.67 million on Nov 21 ’24. In the deal valued at $38.50 per share,43,336 shares were sold. As a result of this transaction, Linebarger Douglas A. now holds 248,585 shares worth roughly $10.11 million.
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Then, Linebarger Douglas A. sold 12,079 shares, generating $459,971 in total proceeds. Upon selling the shares at $38.08, the Chief Legal Officer now owns 248,585 shares.
Before that, HILL W BRYAN sold 110,250 shares. Alkami Technology Inc shares valued at $4,257,808 were divested by the Chief Financial Officer at a price of $38.62 per share. As a result of the transaction, HILL W BRYAN now holds 471,403 shares, worth roughly $19.18 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 Friday, Alkami Technology Inc [NASDAQ:ALKT] saw its stock jump 5.03% to $40.69. Over the last five days, the stock has gained 13.25%. Alkami Technology Inc shares have risen nearly 67.79% since the year began. Nevertheless, the stocks have risen 80.12% over the past one year. While a 52-week high of $41.36 was reached on 10/31/24, a 52-week low of $21.19 was recorded on 01/03/24. SMA at 50 days reached $35.10, while 200 days put it at $29.48.
Levels Of Support And Resistance For ALKT Stock
The 24-hour chart illustrates a support level at 39.33, which if violated will result in even more drops to 37.96. On the upside, there is a resistance level at 41.56. A further resistance level may holdings at 42.43. The Relative Strength Index (RSI) on the 14-day chart is 66.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.81%. Stochastics %K at 71.62% indicates the stock is a holding.
How much short interest is there in Alkami Technology Inc?
A steep rise in short interest was recorded in Alkami Technology Inc stocks on 2024-10-31, growing by 0.12 million shares to a total of 1.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.11 million shares. There was a rise of 9.38%, which implies that there is a positive sentiment for the stock.
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.
