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General Atlantic, along with related entities, reported purchasing shares of Alkami Technology, Inc. (NASDAQ:ALKT) between August 11 and August 13, 2025. The purchases totaled $29.69 million, representing approximately 1.3% of the company’s $2.33 billion market capitalization. According to InvestingPro data, the stock has shown significant return over the last week, gaining 8.2%, though it remains well below its 52-week high of $42.29.
The transactions involved the acquisition of Alkami Technology common stock at prices ranging from $20.647 to $22.5388 per share. On August 11, 250,000 shares were bought for $5,161,750 and 400,000 shares were bought for $8,290,720. On August 12, 516,771 shares were bought for $11,088,613. On August 13, 100,000 shares were bought for $2,230,980 and 129,391 shares were bought for $2,916,317. Analysts maintain a bullish outlook on ALKT, with a consensus target range of $29-$46 per share. InvestingPro subscribers can access 10+ additional insights about ALKT’s financial health and growth prospects.
Following these transactions, the total shares owned by the reporting entities amounted to 12,033,436. The company maintains strong liquidity with a current ratio of 2.68, indicating healthy short-term financial positioning.
In other recent news, Alkami Technology Inc. reported its second-quarter 2025 earnings, which showed a notable miss on earnings per share (EPS) expectations. The company posted an EPS of -$0.13, significantly below the anticipated $0.08. However, Alkami Technology exceeded revenue forecasts, reporting $112.1 million compared to the expected $110.02 million. Additionally, a top 20 U.S. credit union has selected Alkami as its digital banking partner for both retail and business banking services, covering at least 350,000 users. This partnership involves nearly the entire suite of Alkami’s Data & Marketing Solution, marking one of the company’s most extensive product adoptions. These developments are part of the company’s recent activities.
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