Alkami Technology, Inc. (NASDAQ: ALKT) has garnered a consensus rating of “Moderate Buy” from the ten research firms currently covering the stock, according to MarketBeat.com. This recommendation reflects a mix of perspectives, with one analyst assigning a sell rating, three issuing a hold rating, and six designating a buy rating for the company. The average price target among these analysts stands at **$36.00** for the next year.
Recent Analyst Reports
Several notable research firms have recently assessed Alkami Technology’s stock. On **October 8**, Weiss Ratings reaffirmed a “sell (d-)” rating for the shares in a research note. Following that, on **November 4**, Zacks Research downgraded Alkami Technology from a “strong-buy” to a “hold” rating.
Additionally, **JPMorgan Chase & Co.** adjusted its price target from **$40.00** to **$38.00** while maintaining an “overweight” rating. Barclays also reduced its target from **$30.00** to **$25.00**, assigning an “equal weight” rating. Furthermore, **The Goldman Sachs Group** lowered its price target from **$29.00** to **$26.00**, giving the company a “neutral” rating.
Alkami Technology’s stock has been a focal point among analysts, who continue to monitor its performance and market position closely.
Quarterly Earnings Performance
The company reported its quarterly earnings on **October 30**, revealing a loss of **$0.14** per share. This result fell short of the consensus estimate of **$0.15** by a significant **$0.29**. Alkami Technology recorded a negative return on equity of **5.73%** and a net margin of **10.63%**. The revenue for the quarter was **$112.95 million**, slightly below the expected **$113.48 million**.
In comparison to the same quarter last year, where the company reported a loss of **$0.09** per share, the current quarterly revenue reflects a **31.5%** increase. Analysts predict that Alkami Technology will report an earnings per share of **-$0.34** for the current fiscal year.
Insider Trading Activity
In other news, insider Douglas A. Linebarger sold **8,179** shares of Alkami Technology on **December 2**, at an average price of **$20.34**, amounting to a total transaction value of **$166,360.86**. Following this sale, Linebarger retains **221,751** shares, valued at approximately **$4,510,415.34**, which represents a **3.56%** reduction in his stake. This transaction has been disclosed in a filing with the Securities and Exchange Commission.
Insider ownership of Alkami Technology stands at **18.10%**, indicating a significant level of invested interest from company executives.
Institutional Investor Movements
Several institutional investors and hedge funds have also adjusted their stakes in Alkami Technology recently. **Vanguard Group Inc.** increased its holdings by **6.7%** in the first quarter, now owning **7,949,573** shares valued at **$208.68 million**. Meanwhile, **Charles Schwab Investment Management Inc.** raised its stake by **4.2%**, acquiring **624,107** shares worth **$16.38 million**.
**Swiss National Bank** boosted its holdings by **18.2%**, now owning **126,600** shares valued at **$3.32 million**. Similarly, **Raymond James Financial Inc.** significantly increased its stake by **874.9%**, owning **301,244** shares worth **$7.91 million**. Finally, **Northern Trust Corp** raised its stake by **14.1%**, now holding **744,271** shares valued at **$19.54 million**.
Overall, hedge funds and institutional investors own approximately **54.97%** of Alkami Technology’s stock, highlighting robust institutional interest in the company.
About Alkami Technology
Alkami Technology, Inc. is a provider of cloud-based digital banking and engagement solutions tailored for banks and credit unions. The company’s platform features a comprehensive suite of online and mobile banking capabilities, including bill payment, peer-to-peer transfers, card management, streamlined account openings, and real-time alerts. These services are designed to enhance the user experience and foster customer loyalty.
Built on a multi-tenant, software-as-a-service (SaaS) architecture hosted in the cloud, Alkami’s platform utilizes modern application programming interfaces (APIs) and a partner ecosystem to integrate third-party fintech applications and services.
For more detailed insights into the performance and outlook of Alkami Technology, investors are encouraged to follow ongoing reports and analyses.
