Plano, TX – W. Bryan Hill, Chief Financial Officer of Alkami Technology, Inc. (NASDAQ:ALKT), recently disclosed the sale of company stock valued at $683,254, according to a recent SEC filing. The transaction comes as Alkami's stock trades near its 52-week high of $42.29, having delivered an impressive 63.5% return year-to-date. On December 3rd, Hill sold 17,807 shares of common stock at a price of $38.37 per share. This transaction was primarily executed to cover tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs), rather than being a discretionary sale. Following this transaction, Hill retains ownership of 353,841 shares in Alkami Technology, which now has a market capitalization of nearly $4 billion. According to InvestingPro analysis, the company maintains strong liquidity with a current ratio of 3.52, though current valuations suggest the stock may be trading above its Fair Value. Discover more insights and 12 additional ProTips for ALKT with an InvestingPro subscription.
In other recent news, Alkami Technology, Inc. has announced a secondary offering of 7.5 million shares of common stock. The shares are being offered by entities affiliated with General Atlantic, S3 Ventures, and others. The company has also reported a strong Q3 financial performance with a 27% increase in revenue to $85.9 million and an adjusted EBITDA of $8.3 million.
Following these developments, KeyBanc Capital Markets raised its price target for Alkami Technology to $45, maintaining an Overweight rating. The company has also secured nine new digital banking wins and 14 renewals, indicating strong demand for its services.
For Q4 2024, Alkami Technology forecasts revenue between $89 million and $90 million, with full-year guidance of $333.2 million to $334.2 million. Despite a favorable environment for mergers and acquisitions, Alkami has not made any recent acquisitions. These are the latest developments for Alkami Technology, Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.