Should I buy or sell Alkami Technology stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alkami Technology in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ALKT shares. View ALKT analyst ratings or view top-rated stocks .

What is Alkami Technology's stock price target for 2024?

11 Wall Street analysts have issued twelve-month target prices for Alkami Technology's stock. Their ALKT share price targets range from $20.00 to $31.00. On average, they anticipate the company's stock price to reach $26.10 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price. View analysts price targets for ALKT or view top-rated stocks among Wall Street analysts .

How have ALKT shares performed in 2024?

Alkami Technology's stock was trading at $24.25 at the start of the year. Since then, ALKT shares have decreased by 1.2% and is now trading at $23.97. View the best growth stocks for 2024 here .

When is Alkami Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our ALKT earnings forecast .

How were Alkami Technology's earnings last quarter?

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

What ETFs hold Alkami Technology's stock?

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) .

What guidance has Alkami Technology issued on next quarter's earnings?

Alkami Technology updated its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) 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.

When did Alkami Technology IPO?

Alkami Technology (ALKT) raised $141 million in an initial public offering 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 acted as the underwriters for the IPO and JMP Securities, KeyBanc Capital Markets and Needham & Co. were co-managers.

Who are Alkami Technology's major shareholders?

Alkami Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include Hodges Capital Management Inc. (0.17%), 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 . View institutional ownership trends .

How do I buy shares of Alkami Technology?

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. Compare Top Brokerages Here .

NASDAQ:ALKT

Alkami Technology (ALKT) Stock Price, News & Analysis

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$24.04

+0.20 (+0.84%)

(As of 04:00 PM ET)

Compare

Today's Range: $23.68
▼
$24.21
50-Day Range: $23.09
▼
$26.45
52-Week Range: $10.93
▼
$26.75

Volume: 274,518 shs
Average Volume: 313,584 shs
Market Capitalization: $2.34 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $26.10

Get Alkami Technology alerts:

Alkami Technology MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 8.9% Upside
$26.10 Price Target
Short Interest: Healthy
2.11% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.52
Based on 7 Articles This Week
Insider Trading: Selling Shares
$2.66 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.41) to ($0.15) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.02 out of 5 stars

Computer And Technology Sector

425th out of 586 stocks

Prepackaged Software Industry

151st out of 194 stocks

2.4

Analyst's Opinion

Consensus Rating
Alkami Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Alkami Technology has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
2.11% of the float of Alkami Technology has been sold short.
Short Interest Ratio / Days to Cover
Alkami Technology has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Alkami Technology has recently decreased by 0.94%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Alkami Technology does not currently pay a dividend.
Dividend Growth
Alkami Technology does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ALKT.

2.5

News and Social Media Coverage

News Sentiment
Alkami Technology has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Alkami Technology this week, compared to 3 articles on an average week.
MarketBeat Follows
5 people have added Alkami Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alkami Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,658,864.00 in company stock.
Percentage Held by Insiders
38.00% of the stock of Alkami Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
54.97% of the stock of Alkami Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Alkami Technology are expected to grow in the coming year, from ($0.41) to ($0.15) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alkami Technology is -36.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alkami Technology is -36.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Alkami Technology has a P/B Ratio of 7.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Alkami Technology Stock (NASDAQ:ALKT)

Alkami Technology, Inc. offers cloud-based digital banking solutions in the United States. The company's Alkami Platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietary, cloud-based, and multi-tenant architecture. It serves community, regional, super-regional credit unions, and banks. The company was founded in 2009 and is headquartered in Plano, Texas.

ALKT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ALKT Stock News Headlines

April 9, 2024 | marketbeat.com

The Top 5 Analysts Ranked by Marketbeat and Stocks They Cover

Marketbeat's many investor tools include analysts' rankings and sentiment trackers. These tools help investors and traders gauge market sentiment, showing trends and changes, updated revisions, and new reports.

April 9, 2024 | marketbeat.com

The Top 5 Analysts Ranked by Marketbeat and Stocks They Cover (ALKT)

Analysts rate the stocks, but who rates the analysts? This is a look at five of the highest-rated analysts tracked by Marketbeat.com based on 12-month ROI.

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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March 21, 2024 | insidertrades.com

Alkami Technology, Inc. (NASDAQ:ALKT) Insider Sells $668,777.04 in Stock

April 18, 2024 | prnewswire.com

Alkami Launches SDK Wizard "Merlin," Furthering the Company's TechFin Initiative

April 18, 2024 | americanbankingnews.com

Alkami Technology, Inc. (NASDAQ:ALKT) Given Consensus Recommendation of "Moderate Buy" by Analysts

April 16, 2024 | americanbankingnews.com

Alkami Technology's (ALKT) Market Outperform Rating Reaffirmed at JMP Securities

April 15, 2024 | markets.businessinsider.com

Demystifying Alkami Technology: Insights From 7 Analyst Reviews

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 15, 2024 | markets.businessinsider.com

Strong Growth and Market Share Gains Affirm Alkami Technology’s Buy Rating

April 11, 2024 | markets.businessinsider.com

Barclays Sticks to Its Hold Rating for Alkami Technology (ALKT)

April 5, 2024 | seekingalpha.com

Alkami Technology: Potential Revenue Uplift From Reduced Sales Cycle

April 2, 2024 | insidermonkey.com

Do You Believe in the Growth Prospects of Alkami Technology (ALKT)?

April 2, 2024 | prnewswire.com

Alkami and SWIVEL Partner to Provide Financial Institutions with Improved Payments Functionality

March 29, 2024 | finance.yahoo.com

Analysts Expect Breakeven For Alkami Technology, Inc. (NASDAQ:ALKT) Before Long

March 20, 2024 | finance.yahoo.com

Alkami Builds Industry-First Digital Maturity Assessment for Financial Institutions

March 15, 2024 | finance.yahoo.com

Alkami Technology Inc CFO W Hill Sells 50,000 Shares

March 9, 2024 | finance.yahoo.com

ALKT Apr 2024 35.000 call

March 8, 2024 | finance.yahoo.com

Insider Sell: CFO W Hill Sells 49,911 Shares of Alkami Technology Inc (ALKT)

March 5, 2024 | finance.yahoo.com

Greylock Federal Credit Union Partners with Alkami to Bolster Its Retail, Business, and Mobile Banking Experience

March 5, 2024 | finance.yahoo.com

Alkami Technology, Inc. (NASDAQ:ALKT) Q4 2023 Earnings Call Transcript

March 4, 2024 | seekingalpha.com

Alkami Technology, Inc. (ALKT) Q4 2023 Earnings Call Transcript

March 2, 2024 | finance.yahoo.com

Alkami Technology, Inc. (NASDAQ:ALKT) Released Earnings Last Week And Analysts Lifted Their Price Target To US$28.70

March 1, 2024 | finance.yahoo.com

Alkami Technology Full Year 2023 Earnings: EPS Beats Expectations

March 1, 2024 | finance.yahoo.com

Companies Like Alkami Technology (NASDAQ:ALKT) Can Afford To Invest In Growth

February 29, 2024 | markets.businessinsider.com

What 8 Analyst Ratings Have To Say About Alkami Technology

February 29, 2024 | finance.yahoo.com

Q4 2023 Alkami Technology Inc Earnings Call

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:ALKT
CUSIP: N/A
CIK: 1529274
Web: www.alkami.com
Phone: 877-725-5264
Fax: N/A
Employees: 917
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $26.10
High Stock Price Target: $31.00
Low Stock Price Target: $20.00
Potential Upside/Downside: +8.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.73
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.66)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-62,910,000.00
Net Margins: -23.76%
Pretax Margin: -23.74%
Return on Equity: -17.00%
Return on Assets: -12.00%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 3.77
Quick Ratio: 3.77

Sales & Book Value

Annual Sales: $264.83 million
Price / Sales: 8.83
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.41 per share
Price / Book: 7.03

Miscellaneous

Outstanding Shares: 97,510,000
Free Float: 60,456,000
Market Cap: $2.34 billion
Optionable: Optionable
Beta: 0.40

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Key Executives

Mr. Alex P. Shootman (Age 59)
CEO & Director
Comp: $998.3k
Mr. W. Bryan Hill (Age 57)
CFO & Treasurer
Comp: $969.27k
Mr. Stephen Bohanon (Age 48)
Chief Strategy & Product Officer
Comp: $1.06M
Kristy Ramundi
Chief Accounting Officer
Mr. Deep Varma
Chief Technology Officer
Steve Calk
Head of Investor Relations
Mr. Douglas A. Linebarger (Age 53)
Chief Legal Officer & Secretary
Comp: $695.47k
Ms. Allison Cerra
Chief Marketing Officer
Ms. Julie Kaye Hoagland (Age 56)
Chief Human Resources Officer
Carl Cross
Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ALKT Stock Analysis - Frequently Asked Questions

Should I buy or sell Alkami Technology stock right now?: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alkami Technology in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ALKT shares.
View ALKT analyst ratings or view top-rated stocks.
What is Alkami Technology's stock price target for 2024?: 11 Wall Street analysts have issued twelve-month target prices for Alkami Technology's stock. Their ALKT share price targets range from $20.00 to $31.00. On average, they anticipate the company's stock price to reach $26.10 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price.
View analysts price targets for ALKT or view top-rated stocks among Wall Street analysts.
How have ALKT shares performed in 2024?: Alkami Technology's stock was trading at $24.25 at the start of the year. Since then, ALKT shares have decreased by 1.2% and is now trading at $23.97.
View the best growth stocks for 2024 here.
When is Alkami Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ALKT earnings forecast.
How were Alkami Technology's earnings last quarter?: Alkami Technology, Inc. (NASDAQ:ALKT) issued its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.11) EPS for the quarter, hitting analysts' consensus estimates of ($0.11). The firm earned $71.37 million during the quarter, compared to the consensus estimate of $71.12 million. Alkami Technology had a negative trailing twelve-month return on equity of 17.00% and a negative net margin of 23.76%.
What ETFs hold Alkami Technology's stock?: 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).

What guidance has Alkami Technology issued on next quarter's earnings?: Alkami Technology updated its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) 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.
When did Alkami Technology IPO?: Alkami Technology (ALKT) raised $141 million in an initial public offering 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 acted as the underwriters for the IPO and JMP Securities, KeyBanc Capital Markets and Needham & Co. were co-managers.
Who are Alkami Technology's major shareholders?: Alkami Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include Hodges Capital Management Inc. (0.17%), 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.
View institutional ownership trends.
How do I buy shares of Alkami Technology?: 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.
Compare Top Brokerages Here.

This page (NASDAQ:ALKT) was last updated on 4/18/2024 by MarketBeat.com Staff

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