Alkami Technology (NASDAQ:ALKT) Reaches New 1-Year Low After Earnings Miss

Key Points

• Alkami Technology shares fell 14.9% to a new 52-week low of $13.00 after the company reported a third-quarter loss of $0.06 per share, missing the $0.20 consensus estimate. Revenue reached $134.9 million, up 19.4% year over year and slightly above expectations.
• The company’s operating results showed improvement, with gross margin rising to 57.5%, net loss narrowing to $6.7 million from $14.8 million, and adjusted EBITDA increasing to $26.3 million from $16.0 million.
• Analyst sentiment weakened as Craig Hallum, Citizens JMP, KeyCorp, William Blair and JPMorgan lowered their ratings or targets; the stock carries an average “Reduce” rating and a $19.17 consensus price target.

Alkami Technology, Inc. (NASDAQ:ALKT - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The company traded as low as $13.00 and last traded at $13.3990, with a volume of 412,183 shares changing hands. The stock had previously closed at $15.53.

The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.26). The firm had revenue of $134.91 million for the quarter, compared to the consensus estimate of $133.54 million. Alkami Technology had a negative return on equity of 7.68% and a negative net margin of 9.21%. Alkami Technology's quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) earnings per share.

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 consensus estimate. GAAP gross margin improved to 57.5%, the net loss narrowed to $6.7 million from $14.8 million, and adjusted EBITDA increased to $26.3 million from $16.0 million. Alkami Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Connexus Credit Union renewed and expanded its partnership with Alkami, supporting the company’s customer-retention outlook and demonstrating continued demand for its digital banking platform. Connexus Credit Union Partnership Announcement
• Positive Sentiment: Needham maintained a “buy” rating, despite lowering its price target from $25 to $20, leaving substantial implied upside from recent trading levels. Reported insider activity also showed purchases rather than sales, although the transactions are not necessarily recent operating developments.
• Neutral Sentiment: Barclays reaffirmed its “hold” rating, while analyst actions overall indicate a more cautious view of Alkami’s valuation and near-term execution.
• Negative Sentiment: Alkami reported a diluted loss of $0.06 per share, missing analyst expectations that ranged from $0.20 to $0.22 per share. Continued GAAP losses and a widening operating loss could weigh on investors despite strong revenue growth. Alkami Q3 Earnings Lag Estimates
• Negative Sentiment: Craig Hallum downgraded Alkami from “buy” to “hold” and set a $16 price target. Citizens JMP and William Blair cut their ratings to “market perform,” while KeyCorp moved from “overweight” to “sector weight.” The cluster of downgrades is the primary source of pressure on the shares.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALKT shares. Craig Hallum cut Alkami Technology from a "buy" rating to a "hold" rating and set a $16.00 price target for the company. in a report on Thursday. Citizens Jmp downgraded Alkami Technology from an "outperform" rating to a "market perform" rating in a research report on Thursday. KeyCorp cut Alkami Technology from an "overweight" rating to a "sector weight" rating in a report on Thursday. JPMorgan Chase & Co. lowered Alkami Technology from an "overweight" rating to an "underweight" rating and lowered their price objective for the stock from $24.00 to $14.00 in a research report on Thursday, September 24th. Finally, William Blair downgraded shares of Alkami Technology from an "outperform" rating to a "market perform" rating in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $19.17.

Hedge Funds Weigh In On Alkami Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in shares of Alkami Technology in the 2nd quarter valued at approximately $967,000. Praesidium Investment Management Company LLC bought a new position in Alkami Technology in the second quarter valued at approximately $12,765,486. Bank of America Corp DE acquired a new stake in shares of Alkami Technology during the second quarter worth $18,451,000. Janus Henderson Group PLC raised its stake in shares of Alkami Technology by 20.2% in the 1st quarter. Janus Henderson Group PLC now owns 3,855,334 shares of the company's stock valued at $60,413,000 after purchasing an additional 646,898 shares during the period. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Alkami Technology in the 2nd quarter valued at about $2,205,000. Institutional investors own 54.97% of the company's stock.

Alkami Technology Trading Down 14.9%

The company has a market capitalization of $1.41 billion, a P/E ratio of -31.46 and a beta of 0.60. The business has a fifty day moving average price of $16.91 and a 200 day moving average price of $17.37. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.98.

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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