Key Points
- Insider sale: Director Douglas Linebarger sold 8,179 shares at an average of $20.34 for $166,360.86, cutting his stake by 3.56% to 221,751 shares (≈$4.51M).
- Quarterly results missed expectations: Alkami reported EPS of ($0.14), missing by $0.29, while revenue grew 31.5% year‑over‑year to $112.95M and the company remains unprofitable with negative net margin and ROE.
- Analyst sentiment: several firms have lowered price targets (e.g., Needham $40→$32, Goldman $29→$26), yet the consensus is a Moderate Buy with a $36 target and a mix of six Buys, three Holds and one Sell.
Alkami Technology, Inc. (NASDAQ:ALKT - Get Free Report) CAO Prerna Sachdeva sold 1,101 shares of the company's stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $20.34, for a total transaction of $22,394.34. Following the completion of the sale, the chief accounting officer owned 64,960 shares of the company's stock, valued at $1,321,286.40. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Alkami Technology Stock Down 0.9%
NASDAQ ALKT traded down $0.19 during trading on Thursday, hitting $20.96. 50,506 shares of the company traded hands, compared to its average volume of 1,239,923. Alkami Technology, Inc. has a 12 month low of $18.71 and a 12 month high of $40.99. The business has a fifty day simple moving average of $22.14 and a 200 day simple moving average of $25.18. The company has a market capitalization of $2.20 billion, a P/E ratio of -48.97 and a beta of 0.54. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.08.
Alkami Technology (NASDAQ:ALKT - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.29). Alkami Technology had a negative net margin of 10.63% and a negative return on equity of 5.73%. The company 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 business posted ($0.09) earnings per share. The firm's revenue was up 31.5% on a year-over-year basis. As a group, sell-side analysts predict that Alkami Technology, Inc. will post -0.34 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on ALKT shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Alkami Technology in a research report on Wednesday, October 8th. Zacks Research lowered shares of Alkami Technology from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 4th. Citizens Jmp cut their target price on shares of Alkami Technology from $46.00 to $40.00 and set a "market outperform" rating for the company in a research report on Friday, October 31st. The Goldman Sachs Group decreased their price target on shares of Alkami Technology from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, October 31st. Finally, Barclays dropped their price objective on Alkami Technology from $30.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, October 31st. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Alkami Technology currently has a consensus rating of "Moderate Buy" and an average price target of $36.00.
Read Our Latest Research Report on Alkami Technology
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. General Atlantic L.P. raised its position in shares of Alkami Technology by 24.3% during the third quarter. General Atlantic L.P. now owns 11,991,480 shares of the company's stock valued at $297,868,000 after buying an additional 2,346,162 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in Alkami Technology by 160.0% during the third quarter. Westfield Capital Management Co. LP now owns 3,095,058 shares of the company's stock valued at $76,881,000 after acquiring an additional 1,904,474 shares during the period. JANA Partners Management LP acquired a new position in Alkami Technology in the 3rd quarter valued at approximately $47,008,000. Praesidium Investment Management Company LLC bought a new stake in shares of Alkami Technology in the 1st quarter worth approximately $40,223,000. Finally, Long Path Partners LP grew its holdings 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 purchasing an additional 1,490,357 shares in the last quarter. Institutional investors own 54.97% of the company's stock.
About Alkami Technology
(
Get Free Report)
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.
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