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 $859,706 were sold by Shootman Alex on Mar 10 ’25. At $24.28 per share, Shootman Alex sold 35,408 shares. The insider’s holdings dropped to 1,031,485 shares worth approximately $25.04 million following the completion of this transaction.
Also, Linebarger Douglas A. sold 4,358 shares, netting a total of over 132,527 in proceeds. Following the sale of shares at $30.41 each, the insider now holds 244,404 shares.
Before that, HILL W BRYAN had sold 17,409 shares from its account. In a trade valued at $529,408, the Chief Financial Officer traded Alkami Technology Inc shares for $30.41 each. Upon closing the transaction, the insider’s holdings decreased to 17,409 shares, worth approximately $10.94 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 drop of approximately -16.19%. Over the course of the year, Alkami Technology Inc shares have dropped approximately -33.81%. Shares of the company reached a 52-week high of $37.92 on 01/06/25 and a 52-week low of $23.08 on 03/11/25. A 50-day SMA is recorded $33.16, while a 200-day SMA reached $33.14.
Support And Resistance Levels for Alkami Technology Inc (ALKT)
According to the 24-hour chart, there is a support level at 23.63, which, if violated, would cause prices to drop to 22.99. In the upper region, resistance lies at 24.70. The next price resistance is at 25.13. RSI (Relative Strength Index) is 22.35 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.24, which suggests the price will decrease in the coming days. Percent R is at 86.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
