Alkami Technology (ALKT) to Release Quarterly Earnings on Wednesday

Alkami Technology (NASDAQ:ALKT - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $94.38 million for the quarter. Alkami Technology has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.13). The business had revenue of $89.66 million for the quarter, compared to analysts' expectations of $89.63 million. Alkami Technology had a negative return on equity of 11.31% and a negative net margin of 14.55%. On average, analysts expect Alkami Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Alkami Technology Stock Down 2.5 %

NASDAQ:ALKT traded down $0.68 during midday trading on Monday, reaching $26.20. The company had a trading volume of 388,098 shares, compared to its average volume of 808,050. The stock's fifty day simple moving average is $26.46 and its 200-day simple moving average is $33.29. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of -55.63 and a beta of 0.56. Alkami Technology has a 12-month low of $21.70 and a 12-month high of $42.29.

Insider Activity at Alkami Technology

In other news, insider Douglas A. Linebarger sold 4,358 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $30.41, for a total transaction of $132,526.78. Following the completion of the transaction, the insider now owns 244,404 shares of the company's stock, valued at $7,432,325.64. This represents a 1.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO W Bryan Hill sold 17,409 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $30.41, for a total transaction of $529,407.69. Following the transaction, the chief financial officer now directly owns 450,620 shares of the company's stock, valued at $13,703,354.20. This trade represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. 18.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on ALKT shares. Barclays dropped their price objective on Alkami Technology from $35.00 to $30.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group lowered their target price on shares of Alkami Technology from $39.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. Finally, Stephens raised Alkami Technology from an "equal weight" rating to an "overweight" rating and set a $40.00 price objective on the stock in a report on Thursday, March 13th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Alkami Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.38.

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.