Alkami Technology, Inc. (NASDAQ:ALKT) has reported recent stock transactions by Chief Legal Officer Douglas A. Linebarger, according to the latest SEC filings. Linebarger sold a total of 75,868 shares of common stock in multiple transactions on May 6 and 7, for a total value exceeding $2 million.
The shares were sold at weighted average prices ranging from $26.7932 to $27.1837. Specifically, on May 6, Linebarger sold 59,868 shares at an average price of $26.7932, and on the same day, another 11,162 shares at an average price of $27.0084. The following day, he sold an additional 4,838 shares at an average price of $27.1837. These sales were conducted in multiple transactions at prices that varied within the ranges provided in the footnotes of the SEC filing.
In addition to the sales, Linebarger also acquired shares through the exercise of stock options. On May 6, he acquired 59,868 shares at $1.70 per share and 11,162 shares at $2.34 per share. On May 7, an additional 4,838 shares were acquired at $2.34 per share. The total value for these option exercises amounted to $139,215, with prices ranging between $1.7 and $2.34.
These transactions have adjusted Linebarger's holdings in Alkami Technology, with his ownership in non-derivative securities standing at 262,749 shares following the reported transactions.
Investors and market watchers often keep a close eye on insider transactions, as they can provide insights into executives' perspectives on their company's stock. It's worth noting that the SEC filings do not necessarily indicate a change in the executive's view on the company's future performance but are part of the transparent reporting required for insider transactions.
For those interested in the specifics of the transactions, including the varying prices and number of shares traded, the SEC filing includes a commitment by Linebarger to provide full details upon request.
InvestingPro Insights
Alkami Technology, Inc. (NASDAQ:ALKT) has been the subject of significant financial analysis and market activity. With a keen eye on the company's performance and insider transactions, investors may find the following InvestingPro insights particularly valuable.
InvestingPro Data shows that Alkami Technology has a market capitalization of approximately $2.59 billion USD. Despite not having turned a profit in the last twelve months, the company exhibits a strong revenue growth of 28.01% for the same period. Additionally, Alkami has a notable Price / Book ratio of 8.02 as of the last twelve months ending Q1 2024, which suggests a relatively high valuation of the company's net assets.
From a performance perspective, Alkami has delivered a significant return over the last year, with a 115.14% increase in its stock price. This is complemented by a solid return over the last week, as indicated by an 8.89% price total return. These metrics reflect a positive market sentiment and could be indicative of future growth potential.
InvestingPro Tips highlight that analysts have revised their earnings upwards for the upcoming period, which may signal increased confidence in the company's financial outlook. Moreover, Alkami operates with a moderate level of debt and has liquid assets that exceed its short-term obligations, providing a cushion for financial flexibility.
For investors seeking more comprehensive analysis and additional insights on Alkami Technology, there are over 10 additional InvestingPro Tips available. These tips, coupled with in-depth metrics, can be accessed by visiting https://www.investing.com/pro/ALKT. To further enrich your investment strategy, make sure to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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