Alkami Technology Stock Price, News & Analysis (NASDAQ:ALKT)

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alkami Technology in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ALKT shares.
View ALKT analyst ratings or view top-rated stocks.

11 equities research analysts have issued twelve-month price objectives for Alkami Technology's stock. Their ALKT share price targets range from $19.00 to $25.00. On average, they anticipate the company's stock price to reach $21.90 in the next year. This suggests that the stock has a possible downside of 2.4%.
View analysts price targets for ALKT or view top-rated stocks among Wall Street analysts.

Alkami Technology's stock was trading at $14.59 on January 1st, 2023. Since then, ALKT stock has increased by 53.8% and is now trading at $22.44.
View the best growth stocks for 2023 here.

Alkami Technology saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 856,600 shares, a drop of 25.5% from the October 31st total of 1,150,000 shares. Based on an average daily trading volume, of 338,500 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.8% of the shares of the stock are short sold.
View Alkami Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our ALKT earnings forecast.

Alkami Technology, Inc. (NASDAQ:ALKT) released its earnings results on Wednesday, November, 1st. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.01. The company earned $67.70 million during the quarter, compared to analysts' expectations of $67.47 million. Alkami Technology had a negative net margin of 22.13% and a negative trailing twelve-month return on equity of 18.55%.

(ALKT) raised $141 million in an initial public offering 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 served as the underwriters for the IPO and JMP Securities, KeyBanc Capital Markets and Needham & Co. were co-managers.

Alkami Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (2.38%), FMR LLC (1.24%), Bamco Inc. NY (0.82%), Northern Trust Corp (0.40%), Charles Schwab Investment Management Inc. (0.32%) and Lord Abbett & CO. LLC (0.32%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.