NASDAQ:ALKT

Alkami Technology (ALKT) Stock Price, News & Analysis

$27.71
+1.07 (+4.02%)
(As of 05/17/2024 08:53 PM ET)
Today's Range
$26.45
$27.84
50-Day Range
$23.09
$27.71
52-Week Range
$13.77
$27.94
Volume
786,400 shs
Average Volume
348,214 shs
Market Capitalization
$2.70 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$26.90

Alkami Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
2.9% Downside
$26.90 Price Target
Short Interest
Healthy
2.16% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.94mentions of Alkami Technology in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$45.50 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.39) to ($0.14) 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.

2.10 out of 5 stars

Computer And Technology Sector

402nd out of 584 stocks

Prepackaged Software Industry

138th out of 197 stocks

ALKT stock logo

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

ALKT Stock News Headlines

Alkami Technology, Inc. (NASDAQ:ALKT) Short Interest Update
Evaluating Alkami Technology: Insights From 6 Financial Analysts
Q1 2024 Alkami Technology Inc Earnings Call
Alkami Technology Inc (ALKT)
Demystifying Alkami Technology: Insights From 7 Analyst Reviews
Barclays Sticks to Its Hold Rating for Alkami Technology (ALKT)
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Today
5/19/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:ALKT
Fax
N/A
Employees
917
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.90
High Stock Price Target
$32.00
Low Stock Price Target
$20.00
Potential Upside/Downside
-2.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$-62,910,000.00
Pretax Margin
-20.41%

Debt

Sales & Book Value

Annual Sales
$264.83 million
Book Value
$3.31 per share

Miscellaneous

Free Float
60,459,000
Market Cap
$2.70 billion
Optionable
Optionable
Beta
0.40
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ALKT Stock Analysis - Frequently Asked Questions

Should I buy or sell Alkami Technology stock right now?

11 Wall Street equities research 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 equities research 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 brokerages have issued 1 year price objectives for Alkami Technology's stock. Their ALKT share price targets range from $20.00 to $32.00. On average, they anticipate the company's stock price to reach $26.90 in the next twelve months. This suggests that the stock has a possible downside of 2.9%.
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 on January 1st, 2024. Since then, ALKT shares have increased by 14.3% and is now trading at $27.71.
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, August 7th 2024.
View our ALKT earnings forecast
.

How were Alkami Technology's earnings last quarter?

Alkami Technology, Inc. (NASDAQ:ALKT) announced its quarterly earnings data on Wednesday, May, 1st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $76.10 million for the quarter, compared to the consensus estimate of $75.57 million. Alkami Technology had a negative net margin of 20.42% and a negative trailing twelve-month return on equity of 15.31%. The firm's revenue for the quarter was up 26.8% on a year-over-year basis. During the same period last year, the business posted ($0.16) earnings per share.

What ETFs hold Alkami Technology's stock?

ETFs with the largest weight of Alkami Technology (NASDAQ:ALKT) stock in their portfolio include Sovereigns Capital Flourish Fund (SOVF) and 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 second quarter 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $80.5 million-$82.0 million, compared to the consensus revenue estimate of $80.7 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 a price of $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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (4.77%), Wasatch Advisors LP (1.55%), Bamco Inc. NY (0.68%), Lord Abbett & CO. LLC (0.62%), Silvercrest Asset Management Group LLC (0.34%) and Jacobs Levy Equity Management Inc. (0.23%). Insiders that own company stock include Alex Shootman, Atlantic Genpar (Bermu General, 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 5/20/2024 by MarketBeat.com Staff

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