Alkami Technology (NASDAQ:ALKT) Cut to Hold at Craig Hallum

Key Points

• Craig Hallum downgraded Alkami Technology to “hold” from “buy” and set a $16 price target, implying roughly 3% upside from the current price.
• Analyst sentiment has weakened, with the stock carrying a consensus “Reduce” rating from one Buy, eight Holds, and two Sells; the average price target is $19.17.
• Alkami’s quarterly revenue rose 19.4% year over year to $134.9 million, slightly beating estimates, but the company reported a $0.06 per-share loss versus expectations for $0.20 of earnings, highlighting ongoing profitability concerns.

Alkami Technology (NASDAQ:ALKT - Get Free Report) was downgraded by equities researchers at Craig Hallum from a "buy" rating to a "hold" rating in a research note issued to investors on Thursday, Briefing.com reports. They presently have a $16.00 price objective on the stock. Craig Hallum's price target suggests a potential upside of 3.03% from the stock's current price.

A number of other equities analysts also recently issued reports on ALKT. Weiss Ratings reiterated a "sell (e+)" rating on shares of Alkami Technology in a research report on Wednesday, September 2nd. Citizens Jmp lowered shares of Alkami Technology from an "outperform" rating to a "market perform" rating in a report on Thursday. KeyCorp cut Alkami Technology from an "overweight" rating to a "sector weight" rating in a research report on Thursday. JPMorgan Chase & Co. cut Alkami Technology from an "overweight" rating to an "underweight" rating and cut their price target for the stock from $24.00 to $14.00 in a research note on Thursday, September 24th. Finally, Needham & Company LLC upped their price target on shares of Alkami Technology from $22.00 to $25.00 and gave the company a "buy" rating in a report on Monday, August 24th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $19.17.

Alkami Technology Stock Up 1.1%

Shares of NASDAQ:ALKT opened at $15.53 on Thursday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.98. The business's 50 day moving average is $16.91 and its 200 day moving average is $17.37. The stock has a market cap of $1.66 billion, a P/E ratio of -36.98 and a beta of 0.60. Alkami Technology has a 52-week low of $13.20 and a 52-week high of $24.47.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last posted its earnings results 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). Alkami Technology had a negative net margin of 9.21% and a negative return on equity of 7.68%. The company had revenue of $134.91 million during the quarter, compared to analysts' expectations of $133.54 million. During the same quarter last year, the firm earned ($0.14) EPS. Alkami Technology's revenue for the quarter was up 19.4% on a year-over-year basis. Sell-side analysts predict that Alkami Technology will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Alkami Technology

A number of hedge funds have recently modified their holdings of ALKT. Sumitomo Mitsui Trust Group Inc. grew its stake in Alkami Technology by 33.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 20,305 shares of the company's stock valued at $278,000 after purchasing an additional 5,130 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Alkami Technology by 779.9% during the 3rd quarter. Sterling Capital Management LLC now owns 2,103 shares of the company's stock valued at $29,000 after purchasing an additional 1,864 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Alkami Technology by 17.8% in the third quarter. State of Alaska Department of Revenue now owns 5,748 shares of the company's stock valued at $78,000 after purchasing an additional 870 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Alkami Technology by 3,740.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 86,792 shares of the company's stock valued at $1,188,000 after purchasing an additional 84,532 shares during the period. Finally, Congress Asset Management Co. lifted its stake in Alkami Technology by 22.9% in the third quarter. Congress Asset Management Co. now owns 511,425 shares of the company's stock valued at $7,001,000 after buying an additional 95,449 shares during the period. 54.97% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Alkami Technology

Here are the key news stories impacting Alkami Technology this week:

• Positive Sentiment: Third-quarter revenue increased 19.4% year over year to $134.9 million, slightly exceeding the $133.5 million consensus estimate. GAAP gross margin improved to 57.5%, while adjusted EBITDA rose to $26.3 million from $16.0 million a year earlier. Net loss also narrowed to $6.7 million from $14.8 million. Alkami Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Connexus Credit Union renewed and expanded its longstanding relationship with Alkami, supporting the company’s customer-retention and digital-banking growth strategy. Connexus Credit Union Renews and Expands Partnership
• Neutral Sentiment: Barclays reiterated its “hold” rating, suggesting the firm sees limited near-term upside despite Alkami’s continuing revenue growth. Barclays Reaffirms Hold Rating
• Negative Sentiment: Alkami reported a GAAP loss of $0.06 per share, missing the approximately $0.20 analyst consensus by $0.26. Operating losses remained negative, reinforcing concerns that profitability has not yet caught up with the company’s strong top-line growth. Alkami Third-Quarter Earnings Report
• Negative Sentiment: Citizens JMP cut Alkami from “outperform” to “market perform,” KeyCorp downgraded it from “overweight” to “sector weight,” and William Blair lowered its view from “outperform” to “market perform.” The coordinated downgrades are likely the main reason the stock has decreased, reflecting reduced expectations for near-term upside. Citizens JMP Ratings

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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