W. Bryan Hill, the Chief Financial Officer of Alkami Technology, Inc. (NASDAQ:ALKT), recently engaged in stock transactions involving the company's shares, according to a new SEC filing. Hill sold 100,000 shares of Alkami Technology at a weighted average price of $28.7985, netting approximately $2.88 million. The sales took place on May 20, with prices ranging from $28.52 to $29.20.
The sale came on the same day Hill acquired 100,000 shares of Alkami Technology's common stock at a price of $2.34 per share, amounting to a total transaction value of $234,000. Following these transactions, Hill's direct ownership in the company stands at 505,877 shares of common stock.
In addition to the non-derivative securities transactions, Hill also reported a derivative transaction, specifically exercising options to acquire 100,000 shares of Alkami Technology's common stock. These shares are fully vested and exercisable, as indicated in the footnotes of the SEC filing.
Investors and market watchers often scrutinize insider transactions such as these for insights into company executives' perspectives on their firm's performance and value. The transactions by Alkami Technology's CFO will likely be no exception, as stakeholders consider the implications of this significant stock sale and option exercise.
InvestingPro Insights
Alkami Technology, Inc. (NASDAQ:ALKT) has recently seen noteworthy activity from its Chief Financial Officer, W. Bryan Hill, as outlined in the article. To provide further context, here are some InvestingPro Insights that may shed light on the company's financial health and stock performance.
An InvestingPro Tip highlights that Alkami Technology has experienced a strong return over the last year, with a 92.56% price total return. This performance is bolstered by a 1-month price total return of 16.51%, indicating a robust short-term trend in the stock's valuation. The company's stock is also trading near its 52-week high, at 95.42% of the peak price, reflecting investor optimism.
From a financial perspective, Alkami's market capitalization stands at $2.72 billion, and it boasts a high revenue growth rate of 28.01% in the last twelve months as of Q1 2024. Despite not being profitable over the same period, analysts predict that the company will turn a profit this year, which could be a contributing factor to the CFO's recent stock transactions.
Alkami's liquid assets surpass its short-term obligations, according to another InvestingPro Tip, suggesting financial stability. However, it's worth noting that the company operates at a negative operating income margin of -20.85% and has a high Price / Book multiple of 8.58, which may indicate a premium valuation relative to the company's book value.
For investors seeking more in-depth analysis and additional InvestingPro Tips, there are 10 more listed on https://www.investing.com/pro/ALKT. To enrich your investment research, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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