Algami Technology Inc (NASDAQ:ALKT), a company specializing in cloud-based digital banking solutions for banks and credit unions, has reported insider sales, according to its latest SEC filing. W. Hill, the company's CFO, sold 49,911 shares of Alkami Technology Inc. stock on March 7, 2024. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $23.55, for a total transaction value of $1,175,173.05. Following the sale, insider direct ownership in the company was adjusted accordingly. Over the past year, W Hill has been active in the market, selling a total of 129,911 shares and making no purchases in the company's stock. This latest transaction continues the trend observed over the past year, with Alkami Technology Inc.'s insider activity characterized by 10 insider sales and zero insider buys.
Alkami Technology Inc.'s market capitalization was $2,298 million as of the date of the insider sale. The stock's trading price on the day of the transaction had a Price to GF Value ratio of 1.09, indicating that the stock is fairly valued when compared to the intrinsic value estimate provided by GuruFocus.
GF value is determined by considering historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-book ratio, and price-to-free cash flow. Additionally, we consider Alkami Technology Inc's past earnings and growth, as well as the adjustment factors based on future business performance estimates by Morningstar analysts. Investors and stakeholders in Algami Technology Inc may consider insider selling activity as part of their analysis if: Making investment decisions. It is important to note that insider transactions are not necessarily indicative of future stock performance and can be influenced by various personal financial considerations of the insider.
This article created by GuruFocus is intended to provide general insight and is not intended as financial advice. Our commentary is based on historical data and analyst forecasts using an unbiased methodology and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
