Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alkami Technology Inc shares valued at $1,389,600 were purchased by Stephen Carl Bohanon on Jan 15 ’25. At $34.74 per share, Stephen Carl Bohanon acquired 40,000 shares.
Also, HILL W BRYAN sold 100,000 shares, netting a total of over 3,343,230 in proceeds. Following the sale of shares at $33.43 each, the insider now holds 353,841 shares.
Before that, HILL W BRYAN had sold 100,000 shares from its account. In a trade valued at $3,976,850, the Chief Financial Officer traded Alkami Technology Inc shares for $39.77 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $11.65 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 -7.35%. Over the course of the year, Alkami Technology Inc shares have dropped approximately -10.25%. Shares of the company reached a 52-week high of $37.92 on 01/06/25 and a 52-week low of $32.52 on 02/12/25. A 50-day SMA is recorded $36.88, while a 200-day SMA reached $32.86. Nevertheless, trading volume fell to 0.52 million shares from 0.44 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 32.41, which, if violated, would cause prices to drop to 31.89. In the upper region, resistance lies at 33.55. The next price resistance is at 34.18. RSI (Relative Strength Index) is 33.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.21, which suggests the price will decrease in the coming days. Percent R is at 91.04%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
