Alkami Technology (ALKT) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alkami Technology in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALKT shares.
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6 brokers have issued 1 year price targets for Alkami Technology's stock. Their ALKT share price forecasts range from $14.00 to $22.00. On average, they expect the company's stock price to reach $17.33 in the next year. This suggests a possible upside of 15.6% from the stock's current price.
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Alkami Technology's stock was trading at $14.59 at the start of the year. Since then, ALKT shares have increased by 2.8% and is now trading at $15.00.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Alkami Technology, Inc. (NASDAQ:ALKT) posted its quarterly earnings data on Wednesday, May, 3rd. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. The firm had revenue of $60 million for the quarter, compared to analyst estimates of $58.70 million. Alkami Technology had a negative net margin of 28.32% and a negative trailing twelve-month return on equity of 20.00%.

SPDR S&P Software & Services ETF holds 85,761 shares of ALKT stock, representing 0.46% of its portfolio.

Alkami Technology updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $62.50 million-$63.50 million, compared to the consensus revenue estimate of $62.94 million.

(ALKT) raised $141 million in an IPO 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 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 a variety of institutional and retail investors. Top institutional investors include Long Path Partners LP (2.83%), BlackRock Inc. (2.53%), Franklin Resources Inc. (1.70%), ArrowMark Colorado Holdings LLC (1.43%), Royce & Associates LP (1.38%) and Azora Capital LP (1.26%). 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 $15.00.

Alkami Technology (NASDAQ:ALKT) has a market capitalization of $1.39 billion and generates $219.48 million in revenue each year. The company earns $-58,600,000.00 in net income (profit) each year or ($0.67) 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.