GuruFocus - On August 14, 2024, Alex Shootman, CEO of Alkami Technology Inc (NASDAQ:ALKT), executed a significant transaction by selling 150,000 shares of the company. The sale was documented in a recent SEC Filing. Following this transaction, the insider now owns 1,093,965 shares of Alkami Technology Inc.
Alkami Technology Inc (NASDAQ:ALKT) specializes in providing cloud-based solutions that enable banks and credit unions to digitally transform their businesses. The company offers a range of products and services designed to enhance user experiences and improve client engagement across financial services.
Over the past year, Alex Shootman has sold a total of 150,000 shares and has not made any purchases of the company's stock. This recent sale continues a trend observed over the last year, where there have been 24 insider sells and no insider buys at Alkami Technology Inc.
Shares of Alkami Technology Inc were trading at $30.47 on the day of the transaction. The company's market cap is approximately $3.097 billion.
According to the GF Value, the intrinsic value of Alkami Technology Inc is estimated at $24.25 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.26. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider selling activity might be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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