Alkami Technology (ALKT) Projected to Post Quarterly Earnings on Wednesday

Alkami Technology (NASDAQ:ALKT - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data after the market closes on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $109.93 million for the quarter.

Alkami Technology Price Performance

NASDAQ:ALKT traded down $0.16 during trading hours on Friday, hitting $27.26. 763,444 shares of the stock traded hands, compared to its average volume of 1,059,513. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 1.23. Alkami Technology has a 1 year low of $21.70 and a 1 year high of $42.29. The company has a market cap of $2.81 billion, a price-to-earnings ratio of -71.74 and a beta of 0.59. The stock has a 50 day moving average price of $29.06 and a 200 day moving average price of $29.27.

Insider Buying and Selling at Alkami Technology

In other news, Director Joseph P. Payne purchased 8,200 shares of the business's stock in a transaction on Thursday, May 15th. The stock was acquired at an average price of $30.46 per share, for a total transaction of $249,772.00. Following the acquisition, the director directly owned 21,128 shares of the company's stock, valued at $643,558.88. This represents a 63.43% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas A. Linebarger sold 7,170 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $28.36, for a total value of $203,341.20. Following the transaction, the insider owned 238,172 shares of the company's stock, valued at $6,754,557.92. This represents a 2.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,690 shares of company stock worth $785,288 in the last quarter. 18.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alkami Technology

Several institutional investors have recently added to or reduced their stakes in ALKT. Goldman Sachs Group Inc. increased its stake in Alkami Technology by 11.1% during the first quarter. Goldman Sachs Group Inc. now owns 720,770 shares of the company's stock worth $18,920,000 after acquiring an additional 71,949 shares during the last quarter. Millennium Management LLC increased its stake in Alkami Technology by 64.7% during the first quarter. Millennium Management LLC now owns 698,677 shares of the company's stock worth $18,340,000 after acquiring an additional 274,439 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Alkami Technology by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,491 shares of the company's stock worth $3,189,000 after acquiring an additional 3,552 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Alkami Technology by 19.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,081 shares of the company's stock valued at $947,000 after buying an additional 5,884 shares during the period. Finally, Amundi raised its holdings in Alkami Technology by 1.9% during the 1st quarter. Amundi now owns 29,040 shares of the company's stock valued at $731,000 after buying an additional 548 shares during the period. Hedge funds and other institutional investors own 54.97% of the company's stock.

Wall Street Analyst Weigh In

ALKT has been the topic of several analyst reports. Lake Street Capital lowered their price target on shares of Alkami Technology from $47.00 to $41.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. JMP Securities reaffirmed a "market outperform" rating and set a $46.00 price target on shares of Alkami Technology in a report on Thursday, May 1st. JPMorgan Chase & Co. began coverage on shares of Alkami Technology in a report on Wednesday, June 18th. They set an "overweight" rating and a $40.00 price target on the stock. Needham & Company LLC dropped their price target on Alkami Technology from $54.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Barclays dropped their price target on Alkami Technology from $35.00 to $30.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alkami Technology presently has an average rating of "Moderate Buy" and a consensus price target of $39.25.

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.