Alkami Technology CFO cashes out $1.18 million in shares.

March 16, 2024
1 min read


  • Alkami Technology CFO sold shares worth over $1.18 million
  • Investors monitor insider transactions for insights into company valuation and prospects

Article Summary:

Alkami Technology’s CFO, W. Bryan Hill, recently sold 50,000 shares of the company’s common stock for over $1.18 million. The transactions took place on March 13, 2024, with shares sold in the price range of $23.57 to $23.92. Hill also exercised options to acquire 50,000 shares at $2.34 per share. These transactions, along with his direct ownership of 508,501 shares, have drawn investor attention for insights into the company’s current valuation and future prospects.

Alkami Technology, based in Plano, Texas, specializes in cloud-based digital banking solutions for financial institutions. The recent insider trading activity by the CFO has prompted investors and analysts to closely monitor the company’s stock performance and overall health. Despite robust revenue growth of 29.65% in the last twelve months, Alkami is currently not profitable, with a P/E ratio of -34.81.

Analysts have revised earnings upwards for the company, indicating a positive outlook. Alkami has experienced a 35.02% total return in the last six months, reflecting strong market confidence. For more in-depth analysis, investors can access additional insights on Alkami’s financial metrics and expert tips through InvestingPro. This information can help investors make informed decisions about their interest in Alkami Technology’s stock.

Insider trading activity such as Hill’s recent transactions is subject to strict regulations to ensure transparency and prevent unfair practices. Monitoring insider activity is a common practice for investors and analysts to gauge a company’s stock performance and future trajectory. Investors interested in a yearly or biyearly Pro and Pro+ subscription can use the coupon code PRONEWS24 for an additional 10% off, providing access to extensive financial metrics and expert insights on Alkami Technology.

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