Alkami Technology (NASDAQ:ALKT) Stock Rating Lowered by William Blair

Key Points

• William Blair downgraded Alkami Technology from “outperform” to “market perform,” while the broader analyst consensus stands at “Reduce” with a $20.80 target price.
• Analyst sentiment is mixed: one analyst rates the stock a Buy, seven rate it Hold, and two rate it Sell. JPMorgan also cut its rating to “underweight” and lowered its price target from $24 to $14.
• Alkami’s quarterly revenue rose 19.4% year over year to $134.9 million, slightly beating estimates, but the company posted a $0.06-per-share loss versus expectations for $0.20 EPS. Shares opened at $15.53, below both their 50-day and 200-day moving averages.

Alkami Technology (NASDAQ:ALKT - Get Free Report) was downgraded by investment analysts at William Blair from an "outperform" rating to a "market perform" rating in a note issued to investors on Thursday, MarketBeat.com reports.

A number of other research analysts have also weighed in on ALKT. Needham & Company LLC boosted their target price on Alkami Technology from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Monday, August 24th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Alkami Technology in a research report on Wednesday, September 2nd. Citizens Jmp reaffirmed a "market outperform" rating and set a $24.00 price objective on shares of Alkami Technology in a research report on Thursday, September 24th. Citigroup downgraded shares of Alkami Technology from a "market outperform" rating to a "market perform" rating in a report on Thursday. Finally, JPMorgan Chase & Co. lowered shares of Alkami Technology from an "overweight" rating to an "underweight" rating and dropped their price objective for the company from $24.00 to $14.00 in a research report on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Alkami Technology presently has an average rating of "Reduce" and a consensus target price of $20.80.

Alkami Technology Price Performance

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

Alkami Technology (NASDAQ:ALKT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $134.91 million during the quarter, compared to analyst estimates of $133.54 million. During the same quarter in the prior year, the business earned ($0.14) EPS. The business's revenue was up 19.4% compared to the same quarter last year. On average, research analysts forecast that Alkami Technology will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alkami Technology

A number of institutional investors have recently added to or reduced their stakes in ALKT. IFP Advisors Inc boosted its stake in Alkami Technology by 46,900.0% during the second quarter. IFP Advisors Inc now owns 1,410 shares of the company's stock worth $26,000 after acquiring an additional 1,407 shares in the last quarter. Summit Securities Group LLC increased its stake in Alkami Technology by 84.2% in the first quarter. Summit Securities Group LLC now owns 1,842 shares of the company's stock valued at $29,000 after purchasing an additional 842 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Alkami Technology by 779.9% during the third 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 period. Optiver Holding B.V. bought a new position in shares of Alkami Technology during the 1st quarter worth about $36,000. Finally, Essential Partners LLC grew its stake in shares of Alkami Technology by 7,090.9% in the 1st quarter. Essential Partners LLC now owns 2,373 shares of the company's stock valued at $37,000 after buying an additional 2,340 shares during the period. 54.97% of the stock is currently owned by institutional investors and hedge funds.

Alkami Technology News Summary

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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