Alkami Technology (NASDAQ:ALKT – Get Free Report) was downgraded by research analysts at KeyCorp from an “overweight” rating to a “sector weight” rating in a research note issued on Thursday, Marketbeat Ratings reports.
ALKT has been the topic of several other research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alkami Technology in a research note on Wednesday, September 2nd. Barclays lowered their price objective on Alkami Technology from $21.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. Needham & Company LLC upped their target price on Alkami Technology from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Citigroup cut Alkami Technology from a “market outperform” rating to a “market perform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered shares of Alkami Technology from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $24.00 to $14.00 in a research note on Thursday, September 24th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $20.80.
Check Out Our Latest Stock Analysis on Alkami Technology
Alkami Technology Stock Up 1.1%
Shares of Alkami Technology stock opened at $15.53 on Thursday. The company has a fifty day moving average price of $16.91 and a 200 day moving average price of $17.37. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.98. Alkami Technology has a twelve month low of $13.20 and a twelve month high of $24.47. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -36.98 and a beta of 0.60.
Alkami Technology (NASDAQ:ALKT – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.26). The firm had revenue of $134.91 million during the quarter, compared to analyst estimates of $133.54 million. Alkami Technology had a negative net margin of 9.21% and a negative return on equity of 7.68%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business earned ($0.14) EPS. Equities research analysts forecast that Alkami Technology will post 0.15 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of ALKT. JANA Partners Management LP increased its holdings in shares of Alkami Technology by 24.2% in the 2nd quarter. JANA Partners Management LP now owns 6,747,707 shares of the company’s stock valued at $122,268,000 after acquiring an additional 1,316,319 shares during the last quarter. North Reef Capital Management LP boosted its holdings in Alkami Technology by 264.3% in the first quarter. North Reef Capital Management LP now owns 7,650,000 shares of the company’s stock worth $119,876,000 after purchasing an additional 5,550,000 shares during the period. Janus Henderson Group PLC boosted its holdings in Alkami Technology by 20.2% in the first quarter. Janus Henderson Group PLC now owns 3,855,334 shares of the company’s stock worth $60,413,000 after purchasing an additional 646,898 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Alkami Technology during the second quarter valued at $46,927,000. Finally, Irenic Capital Management LP increased its stake in Alkami Technology by 27.0% during the first quarter. Irenic Capital Management LP now owns 2,675,151 shares of the company’s stock valued at $41,920,000 after purchasing an additional 568,703 shares during the last quarter. Institutional investors own 54.97% of the company’s stock.
Key Headlines Impacting Alkami Technology
Here are the key news stories impacting Alkami Technology this week:
- Positive Sentiment: Alkami reported third-quarter revenue of $134.9 million, up 19.4% year over year and slightly above the $133.5 million analyst estimate. GAAP gross margin improved to 57.5%, while adjusted EBITDA rose to $26.3 million from $16.0 million a year earlier. Alkami Announces Third Quarter 2026 Financial Results
- Positive Sentiment: GAAP net loss narrowed substantially to $6.7 million from $14.8 million in the year-ago quarter. The company also generated $21.9 million in operating cash flow, supporting the case that profitability is improving despite the accounting loss. Alkami Technology Releases Q3 2026 Earnings
- Positive Sentiment: Connexus Credit Union renewed and expanded its partnership with Alkami, providing evidence of customer retention and continued demand for the company’s digital banking platform and software-development tools. Connexus Credit Union Renews and Expands Partnership
- Neutral Sentiment: Barclays reaffirmed its Hold rating, suggesting the improved operating results may already be reflected in the valuation. Barclays Reaffirms Hold Rating
- Negative Sentiment: Alkami posted a GAAP loss of $0.06 per share, missing the reported consensus estimate of $0.20. Another earnings summary cited adjusted EPS of $0.18 versus a $0.22 estimate, also indicating an earnings shortfall. Alkami Technology Earnings Report
- Negative Sentiment: Operating losses remained negative and widened to approximately $6.2 million. With the stock trading below its 50-day and 200-day moving averages, investors may remain cautious until Alkami demonstrates sustained GAAP profitability. Alkami Q3 2026 Earnings Call Transcript
About Alkami Technology
Alkami Technology, Inc provides cloud-based digital banking solutions for financial institutions, primarily community banks and credit unions in the United States. Its platform is designed to help institutions deliver digital experiences across online and mobile channels while managing customer relationships and banking operations.
The company’s products and services include digital account opening, online and mobile banking, payments, money movement, card management, financial wellness tools, data and analytics, marketing capabilities, and fraud prevention.
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