Alkami Technology (ALKT) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alkami Technology in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ALKT shares.
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8 equities research analysts have issued twelve-month target prices for Alkami Technology's stock. Their ALKT share price forecasts range from $15.00 to $25.00. On average, they predict the company's share price to reach $20.13 in the next year. This suggests a possible upside of 14.9% from the stock's current price.
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Alkami Technology's stock was trading at $14.59 at the beginning of 2023. Since then, ALKT shares have increased by 20.1% and is now trading at $17.52.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Alkami Technology, Inc. (NASDAQ:ALKT) posted its earnings results on Wednesday, August, 2nd. The company reported ($0.17) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.01. The business earned $65.76 million during the quarter, compared to the consensus estimate of $62.94 million. Alkami Technology had a negative trailing twelve-month return on equity of 19.61% and a negative net margin of 25.43%.

Alkami Technology updated its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $66.50 million-$67.50 million, compared to the consensus revenue estimate of $66.55 million.

(ALKT) raised $141 million in an initial public offering (IPO) on Wednesday, April 14th 2021. The company issued 6,000,000 shares at a price of $22.00-$25.00 per share. Goldman Sachs, J.P.Morgan, Barclays, Citigroup and William Blair acted 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 investors include BlackRock Inc. (2.85%), ArrowMark Colorado Holdings LLC (1.95%), Franklin Resources Inc. (1.94%), Royce & Associates LP (1.10%), State Street Corp (0.89%) and Geode Capital Management LLC (0.85%). 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 $17.52.

Alkami Technology (NASDAQ:ALKT) has a market capitalization of $1.65 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 851 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.