Analysts Set Alkami Technology, Inc. (NASDAQ:ALKT) PT at $39.25

Alkami Technology, Inc. (NASDAQ:ALKT) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $38.4286.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Alkami Technology in a research report on Wednesday, October 8th.

Insider Activity at Alkami Technology

In related news, CFO W Bryan Hill sold 20,366 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $24.76, for a total transaction of $504,262.16. Following the completion of the transaction, the chief financial officer owned 409,889 shares in the company, valued at approximately $10,148,851.64. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Prerna Sachdeva sold 2,967 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $24.76, for a total transaction of $73,462.92. Following the transaction, the chief accounting officer owned 66,061 shares of the company’s stock, valued at $1,635,670.36. This represents a 4.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders purchased 1,396,162 shares of company stock worth $29,692,440. 18.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alkami Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALKT. Massachusetts Financial Services Co. MA lifted its holdings in shares of Alkami Technology by 12.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,555,374 shares of the company’s stock worth $38,635,000 after buying an additional 177,547 shares in the last quarter. First Horizon Corp bought a new position in Alkami Technology during the third quarter valued at approximately $30,000. State of Alaska Department of Revenue bought a new position in Alkami Technology during the third quarter valued at approximately $121,000. Benjamin Edwards Inc. bought a new position in Alkami Technology during the third quarter valued at approximately $346,000. Finally, SG Americas Securities LLC bought a new position in Alkami Technology during the third quarter valued at approximately $636,000. Institutional investors own 54.97% of the company’s stock.

Alkami Technology Stock Down 2.7%

Shares of ALKT stock opened at $21.99 on Tuesday. Alkami Technology has a 52-week low of $19.94 and a 52-week high of $42.29. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 1.17. The company has a 50-day simple moving average of $24.49 and a two-hundred day simple moving average of $26.32.

Alkami Technology (NASDAQ:ALKT) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.29). Alkami Technology had a negative return on equity of 5.81% and a negative net margin of 9.99%.The firm had revenue of $112.95 million during the quarter, compared to the consensus estimate of $113.48 million. During the same period in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. Alkami Technology has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Alkami Technology will post -0.34 earnings per share for the current fiscal year.

Alkami Technology Company Profile

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.