Alkami Technology (ALKT) Stock Price, News & Analysis

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alkami Technology in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ALKT shares.
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11 brokerages have issued 12 month target prices for Alkami Technology's stock. Their ALKT share price targets range from $20.00 to $31.00. On average, they expect the company's stock price to reach $26.10 in the next year. This suggests a possible upside of 9.8% from the stock's current price.
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Alkami Technology's stock was trading at $24.25 on January 1st, 2024. Since then, ALKT shares have decreased by 1.9% and is now trading at $23.78.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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Alkami Technology will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Alkami Technology, Inc. (NASDAQ:ALKT) issued its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $71.37 million for the quarter, compared to the consensus estimate of $71.12 million. Alkami Technology had a negative net margin of 23.76% and a negative trailing twelve-month return on equity of 17.00%.

ETFs with the largest weight of Alkami Technology (NASDAQ:ALKT) stock in their portfolio include Invesco Dorsey Wright Technology Momentum ETF (PTF).SPDR S&P Software & Services ETF (XSW).

Alkami Technology updated its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $327.0 million-$333.0 million, compared to the consensus revenue estimate of $331.0 million.

Alkami Technology (ALKT) raised $141 million in an initial public offering (IPO) on Wednesday, April 14th 2021. The company issued 6,000,000 shares at $22.00-$25.00 per share. Goldman Sachs, J.P.Morgan, Barclays, Citigroup and William Blair served as the underwriters for the IPO and JMP Securities, KeyBanc Capital Markets and Needham & Co. were co-managers.

Alkami Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (1.55%), Hodges Capital Management Inc. (0.17%), Penbrook Management LLC (0.06%), Los Angeles Capital Management LLC (0.05%), Contravisory Investment Management Inc. (0.01%) and NBC Securities Inc. (0.00%). Insiders that own company stock include Alex Shootman, Douglas A Linebarger, Gary Lynn Nelson, H Eugene Lockhart, Kristy Ramundi, Michael D Hansen, Michael D Hansen, Stephen Bohanon and W Bryan Hill.
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Shares of ALKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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