Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alkami Technology Inc shares valued at $728,400 were purchased by Stephen Carl Bohanon on Dec 05 ’24. At $39.39 per share, Stephen Carl Bohanon acquired 18,492 shares.
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Also, STEPHEN C. BOHANON purchased 2,576 shares, netting a total of over 101,752 in proceeds.
Before that, HILL W BRYAN had sold 17,807 shares from its account. In a trade valued at $683,255, the Chief Financial Officer traded Alkami Technology Inc shares for $38.37 each. Upon closing the transaction, the insider’s holdings decreased to 17,807 shares, worth approximately $13.94 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 0.28%. Over the course of the year, Alkami Technology Inc shares have jumped approximately 62.43%. 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 $36.46, while a 200-day SMA reached $30.03. Nevertheless, trading volume fell to 0.74 million shares from 1.97 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 38.75, which, if violated, would cause prices to drop to 38.12. In the upper region, resistance lies at 39.80. The next price resistance is at 40.21. RSI (Relative Strength Index) is 55.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 43.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
