Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alkami Technology Inc shares valued at $2,976,750 were purchased by ALEX SHOOTMAN on Nov 27 ’24. At $39.69 per share, ALEX SHOOTMAN acquired 75,000 shares.
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Also, GENERAL ATLANTIC GENPAR (BERMU sold 3,000,000 shares, netting a total of over 119,250,000 in proceeds. Following the sale of shares at $39.75 each, the insider now holds 9,680,049 shares.
Before that, GENERAL ATLANTIC, L.P. had sold 3,000,000 shares from its account. In a trade valued at $119,250,000, the Director traded Alkami Technology Inc shares for $39.75 each. Upon closing the transaction, the insider’s holdings decreased to 3,000,000 shares, worth approximately $380.23 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 surge of approximately 4.05%. Over the course of the year, Alkami Technology Inc shares have jumped approximately 61.98%. Shares of the company reached a 52-week high of $42.29 on 11/25/24 and a 52-week low of $22.62 on 01/03/24. A 50-day SMA is recorded $35.69, while a 200-day SMA reached $29.70. Nevertheless, trading volume fell to 0.71 million shares from 1.81 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 38.59, which, if violated, would cause prices to drop to 37.90. In the upper region, resistance lies at 40.00. The next price resistance is at 40.73. RSI (Relative Strength Index) is 56.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.08, which suggests the price will increase in the coming days. Percent R is at 44.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
