Alkami Technology - ALKT Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alkami Technology in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALKT shares.
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5 Wall Street analysts have issued twelve-month price targets for Alkami Technology's stock. Their ALKT share price forecasts range from $16.00 to $22.00. On average, they anticipate the company's share price to reach $18.80 in the next twelve months. This suggests a possible upside of 53.5% from the stock's current price.
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Alkami Technology's stock was trading at $14.59 at the beginning of the year. Since then, ALKT shares have decreased by 16.0% and is now trading at $12.25.
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Alkami Technology saw a decrease in short interest in February. As of February 28th, there was short interest totaling 776,200 shares, a decrease of 7.2% from the February 13th total of 836,600 shares. Based on an average daily trading volume, of 223,600 shares, the short-interest ratio is currently 3.5 days. Currently, 2.2% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Alkami Technology, Inc. (NASDAQ:ALKT) issued its quarterly earnings data on Thursday, February, 23rd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.04. The business had revenue of $55.54 million for the quarter, compared to the consensus estimate of $54.77 million. Alkami Technology had a negative net margin of 28.69% and a negative trailing twelve-month return on equity of 19.59%.

ETFs with the largest weight of Alkami Technology (NASDAQ:ALKT) stock in their portfolio include SPDR S&P Software & Services ETF (XSW) and First Trust Small Cap Growth AlphaDEX Fund (FYC).

Alkami Technology issued an update on its first quarter 2023 earnings guidance on Thursday, February, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $58.00 million-$59.00 million, compared to the consensus revenue estimate of $58.68 million.

(ALKT) raised $141 million in an initial public offering on Wednesday, April 14th 2021. The company issued 6,000,000 shares at $22.00-$25.00 per share. Goldman Sachs, J.P.Morgan, Barclays, Citigroup and William Blair served as the underwriters for the IPO and JMP Securities, KeyBanc Capital Markets and Needham & Co. were co-managers.

Alkami Technology trades on the NASDAQ under the ticker symbol "ALKT."

Alkami Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include Long Path Partners LP (2.61%), Bamco Inc. NY (1.83%), Franklin Resources Inc. (1.76%), Azora Capital LP (1.20%), ArrowMark Colorado Holdings LLC (1.08%) and Geode Capital Management LLC (0.75%). Insiders that own company stock include Alex Shootman, Douglas A Linebarger, Gary Lynn Nelson, H Eugene Lockhart, Kristy Ramundi, Michael D Hansen, Michael D Hansen, Stephen Bohanon and W Bryan Hill.
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Shares of ALKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALKT stock can currently be purchased for approximately $12.25.

Alkami Technology (NASDAQ:ALKT) has a market capitalization of $1.13 billion and generates $204.27 million in revenue each year. The company earns $-58,600,000.00 in net income (profit) each year or ($0.64) on an earnings per share basis.

The company employs 667 workers across the globe.

The official website for the company is www.alkami.com. The company can be reached via phone at 877-725-5264 or via email at ir@alkami.com.