Alkami Technology (ALKT) Stock Price, News & Analysis

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alkami Technology in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ALKT shares.
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11 Wall Street analysts have issued 1-year target prices for Alkami Technology's stock. Their ALKT share price targets range from $20.00 to $32.00. On average, they anticipate the company's stock price to reach $26.90 in the next twelve months. This suggests that the stock has a possible downside of 0.0%.
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Alkami Technology's stock was trading at $24.25 at the start of the year. Since then, ALKT stock has increased by 11.0% and is now trading at $26.91.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
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Alkami Technology, Inc. (NASDAQ:ALKT) announced its earnings results on Wednesday, May, 1st. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The business earned $76.10 million during the quarter, compared to analysts' expectations of $75.57 million. Alkami Technology had a negative net margin of 20.42% and a negative trailing twelve-month return on equity of 15.31%. The business's revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.16) EPS.

ETFs with the largest weight of Alkami Technology (NASDAQ:ALKT) stock in their portfolio include Innovator IBD Breakout Opportunities ETF (BOUT), Sovereigns Capital Flourish Fund (SOVF), Invesco Dorsey Wright Technology Momentum ETF (PTF) and SPDR S&P Software & Services ETF (XSW).First Trust Small Cap Growth AlphaDEX Fund (FYC).

Alkami Technology issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $80.5 million-$82.0 million, compared to the consensus revenue estimate of $80.7 million.

Alkami Technology (ALKT) raised $141 million in an 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 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 Vanguard Group Inc. (4.77%), Wasatch Advisors LP (1.55%), Bamco Inc. NY (0.68%), Lord Abbett & CO. LLC (0.62%), Silvercrest Asset Management Group LLC (0.34%) and Jacobs Levy Equity Management Inc. (0.23%). Insiders that own company stock include Alex Shootman, Atlantic Genpar (Bermu General, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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