Alkami Technology (NASDAQ:ALKT) Stock Gets Downgrade from KeyCorp

Key Points

• KeyCorp downgraded Alkami Technology from “overweight” to “sector weight,” while other analysts also became more cautious. MarketBeat reports an average “Reduce” rating, with a consensus price target of $20.80.
• Alkami’s quarterly revenue rose 19.4% year over year to $134.9 million, slightly exceeding estimates, but the company reported a $0.06-per-share loss that missed consensus expectations.
• Shares opened at $15.53, below both their 50-day and 200-day moving averages. Institutional investors own nearly 55% of the stock, while the company continues to post negative net margins despite improving cash flow and a narrower net loss.

Alkami Technology (NASDAQ:ALKT - Get Free Report) was downgraded by equities research analysts at KeyCorp from an "overweight" rating to a "sector weight" rating in a research note issued to investors on Thursday, Marketbeat reports.

A number of other analysts have also recently commented on ALKT. Barclays dropped their price objective on Alkami Technology from $21.00 to $15.00 and set an "equal weight" rating for the company in a research report on Monday, October 12th. William Blair cut shares of Alkami Technology from an "outperform" rating to a "market perform" rating in a research note on Thursday. Needham & Company LLC lifted their price target on shares of Alkami Technology from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Monday, August 24th. Citizens Jmp lowered shares of Alkami Technology from an "outperform" rating to a "market perform" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. downgraded Alkami Technology from an "overweight" rating to an "underweight" rating and cut their price target for the company from $24.00 to $14.00 in a report on Thursday, September 24th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Alkami Technology has an average rating of "Reduce" and a consensus target price of $20.80.

Alkami Technology Trading Up 1.1%

Shares of ALKT stock opened at $15.53 on Thursday. The business's fifty day moving average price is $16.91 and its 200 day moving average price is $17.37. Alkami Technology has a 1-year low of $13.20 and a 1-year high of $24.47. The firm has a market capitalization of $1.66 billion, a PE ratio of -36.98 and a beta of 0.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.13 and a quick ratio of 2.13.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.26). The company had revenue of $134.91 million for 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%. Alkami Technology's revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.14) earnings per share. As a group, sell-side analysts forecast that Alkami Technology will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Alkami Technology

Several institutional investors and hedge funds have recently bought and sold shares of ALKT. Sterling Capital Management LLC boosted its holdings in shares of Alkami Technology by 779.9% in 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 during the last quarter. State of Alaska Department of Revenue raised its position in shares of Alkami Technology by 17.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,748 shares of the company's stock worth $78,000 after buying an additional 870 shares during the period. Farther Finance Advisors LLC boosted its holdings in Alkami Technology by 3,740.4% in the third quarter. Farther Finance Advisors LLC now owns 86,792 shares of the company's stock valued at $1,188,000 after acquiring an additional 84,532 shares during the last quarter. Congress Asset Management Co. grew its position in Alkami Technology by 22.9% during the third quarter. Congress Asset Management Co. now owns 511,425 shares of the company's stock valued at $7,001,000 after acquiring an additional 95,449 shares during the period. Finally, IFP Advisors Inc grew its position in Alkami Technology by 46,900.0% during the second quarter. IFP Advisors Inc now owns 1,410 shares of the company's stock valued at $26,000 after acquiring an additional 1,407 shares during the period. Institutional investors and hedge funds own 54.97% of the company's stock.

Key Alkami Technology News

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

Alkami Technology Company Profile

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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