This Insider Has Just Sold Shares In Alkami Technology

Some Alkami Technology, Inc. (NASDAQ:ALKT) shareholders may be a little concerned to see that the CEO, President & Director, Alex Shootman, recently sold a substantial US$860k worth of stock at a price of US$24.28 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 9.2%.

Check out our latest analysis for Alkami Technology

The Last 12 Months Of Insider Transactions At Alkami Technology

Over the last year, we can see that the biggest insider sale was by the insider, George Kaiser, for US$94m worth of shares, at about US$37.50 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$25.26. So it may not shed much light on insider confidence at current levels.

Alkami Technology insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Alkami Technology insiders own 6.3% of the company, worth about US$164m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Alkami Technology Insiders?

Insiders sold Alkami Technology shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - Alkami Technology has 1 warning sign we think you should be aware of.

Of course Alkami Technology may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.