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$941k worth of stock at a price of US$21.92 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 9.1%.

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Alkami Technology Insider Transactions Over The Last Year

In fact, the recent sale by CEO, President & Director Alex Shootman was not their only sale of Alkami Technology shares this year. They previously made an even bigger sale of -US$1.3m worth of shares at a price of US$30.53 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$22.29. So it may not tell us anything about how insiders feel about the current share price.

Over the last year we saw more insider selling of Alkami Technology shares, than buying. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for Alkami Technology

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Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Alkami Technology insiders own 6.2% of the company, currently worth about US$147m based on the recent share price. 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 stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. 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. At Simply Wall St, we found 1 warning sign for Alkami Technology that deserve your attention before buying any shares.

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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.