Alkami Technology, Inc. (NASDAQ:ALKT) Receives $36.00 Consensus PT from Analysts

Alkami Technology, Inc. (NASDAQ:ALKT) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $36.00.

Several research firms have commented on ALKT. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alkami Technology in a research report on Wednesday, October 8th. The Goldman Sachs Group reduced their price target on shares of Alkami Technology from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Zacks Research downgraded shares of Alkami Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Citizens Jmp dropped their price objective on shares of Alkami Technology from $46.00 to $40.00 and set a “market outperform” rating on the stock in a research note on Friday, October 31st. Finally, Needham & Company LLC reduced their target price on shares of Alkami Technology from $40.00 to $32.00 and set a “buy” rating for the company in a report on Friday, October 31st.

Insider Activity at Alkami Technology

In other news, CFO W Bryan Hill sold 20,366 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $24.76, for a total transaction of $504,262.16. Following the completion of the sale, the chief financial officer owned 409,889 shares in the company, valued at $10,148,851.64. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Prerna Sachdeva sold 2,967 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $24.76, for a total value of $73,462.92. Following the sale, the chief accounting officer directly owned 66,061 shares of the company’s stock, valued at approximately $1,635,670.36. This represents a 4.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 18.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Dark Forest Capital Management LP acquired a new stake in Alkami Technology in the third quarter valued at about $2,609,000. Long Path Partners LP raised its stake in shares of Alkami Technology by 138.2% during the 3rd quarter. Long Path Partners LP now owns 2,568,823 shares of the company’s stock worth $63,810,000 after buying an additional 1,490,357 shares in the last quarter. JANA Partners Management LP purchased a new position in shares of Alkami Technology during the 3rd quarter worth approximately $47,008,000. Granahan Investment Management LLC acquired a new stake in shares of Alkami Technology in the 3rd quarter valued at approximately $6,711,000. Finally, Bamco Inc. NY boosted its stake in shares of Alkami Technology by 80.0% in the third quarter. Bamco Inc. NY now owns 2,395,032 shares of the company’s stock valued at $59,493,000 after buying an additional 1,064,548 shares in the last quarter. 54.97% of the stock is owned by hedge funds and other institutional investors.

Alkami Technology Price Performance

Shares of ALKT opened at $21.41 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.17 and a quick ratio of 2.17. Alkami Technology has a 1-year low of $18.71 and a 1-year high of $42.29. The stock has a market cap of $2.25 billion, a PE ratio of -49.79 and a beta of 0.55. The firm has a fifty day moving average price of $22.80 and a 200 day moving average price of $25.61.

Alkami Technology (NASDAQ:ALKT) last posted its earnings results on Thursday, October 30th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.29). Alkami Technology had a negative return on equity of 5.73% and a negative net margin of 10.63%.The firm had revenue of $112.95 million for the quarter, compared to analyst estimates of $113.48 million. During the same quarter last year, the firm posted ($0.09) EPS. The firm’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 anticipate that Alkami Technology will post -0.34 EPS for the current year.

About Alkami Technology

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.