Alkami Technology (NASDAQ:ALKT) Rating Reiterated by JMP Securities

Alkami Technology (NASDAQ:ALKT - Get Free Report)'s stock had its "market outperform" rating reaffirmed by equities research analysts at JMP Securities in a research report issued on Monday, Benzinga reports. They currently have a $30.00 price objective on the stock. JMP Securities' price target points to a potential upside of 27.33% from the stock's current price.

A number of other equities research analysts have also issued reports on the company. William Blair reiterated an "outperform" rating on shares of Alkami Technology in a research note on Thursday, February 29th. Needham & Company LLC reiterated a "buy" rating and set a $30.00 price target on shares of Alkami Technology in a report on Thursday, February 29th. Barclays lifted their price objective on Alkami Technology from $26.00 to $27.00 and gave the company an "equal weight" rating in a research report on Thursday, February 29th. The Goldman Sachs Group cut Alkami Technology from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $23.00 to $27.00 in a research report on Tuesday, January 23rd. Finally, KeyCorp lifted their price objective on Alkami Technology from $21.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $26.10.

Alkami Technology Stock Down 0.5 %

ALKT stock traded down $0.11 during trading on Monday, hitting $23.56. 293,473 shares of the company's stock were exchanged, compared to its average volume of 317,279. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 0.06. Alkami Technology has a 52-week low of $10.93 and a 52-week high of $26.75. The business has a 50-day moving average price of $24.47 and a two-hundred day moving average price of $22.76. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of -35.79 and a beta of 0.40.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.11). Alkami Technology had a negative return on equity of 17.00% and a negative net margin of 23.76%. The business had revenue of $71.37 million for the quarter, compared to analyst estimates of $71.12 million. As a group, equities research analysts expect that Alkami Technology will post -0.41 EPS for the current year.

Insider Transactions at Alkami Technology

In other news, insider Douglas A. Linebarger sold 33,593 shares of Alkami Technology stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $23.59, for a total value of $792,458.87. Following the transaction, the insider now directly owns 262,749 shares in the company, valued at $6,198,248.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Douglas A. Linebarger sold 33,593 shares of the business's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $23.59, for a total transaction of $792,458.87. Following the transaction, the insider now directly owns 262,749 shares in the company, valued at $6,198,248.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Bohanon sold 29,052 shares of the business's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $23.02, for a total value of $668,777.04. Following the transaction, the insider now owns 434,823 shares in the company, valued at $10,009,625.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,734 shares of company stock worth $2,658,864. Company insiders own 25.90% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ALKT. NBC Securities Inc. acquired a new stake in shares of Alkami Technology in the 4th quarter valued at about $43,000. Beaird Harris Wealth Management LLC raised its stake in shares of Alkami Technology by 31.7% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 2,075 shares of the company's stock valued at $38,000 after purchasing an additional 500 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Alkami Technology in the 3rd quarter valued at about $39,000. Ensign Peak Advisors Inc raised its stake in shares of Alkami Technology by 84.1% in the 3rd quarter. Ensign Peak Advisors Inc now owns 2,890 shares of the company's stock valued at $43,000 after purchasing an additional 1,320 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Alkami Technology in the first quarter valued at about $45,000. Institutional investors and hedge funds own 54.97% of the company's stock.

Alkami Technology Company Profile

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.