Alkami Technology, Inc. (NASDAQ:ALKT) Receives $41.14 Consensus Price Target from Analysts

On March 12, 2025, Alkami Technology, Inc. (NASDAQ:ALKT) was reported to have received an average recommendation of "Moderate Buy" from seven analysts following the company's stock, according to MarketBeat. Within this group of analysts, two have assigned a "hold" rating while five have rated the stock as a "buy." The consensus price target for Alkami Technology stands at $41.14 for the next year.

The analysts' perspectives on Alkami Technology have varied recently. Barclays lowered their price target from $41.00 to $35.00, giving the company an "equal weight" rating in their report published on March 3rd. Meanwhile, JPMorgan Chase & Co. raised their price target from $42.00 to $45.00, recommending an "overweight" rating on December 9th. Additionally, The Goldman Sachs Group also decreased their price target from $39.00 to $32.00, providing a "neutral" rating in their March 3rd report.

Alkami Technology Stock Performance

As of Friday, Alkami Technology's stock opened at $23.76. The company holds a fifty-day moving average of $33.27 and a two-hundred-day moving average of $34.82. Financial metrics for the company include a quick ratio of 3.52 and a current ratio of 3.52, with a low debt-to-equity ratio of 0.05. The market capitalization of Alkami Technology is approximately $2.43 billion. The company's earnings per share (P/E ratio) is currently at -50.55. Over the past twelve months, the stock has reached a low of $22.65 and a high of $42.29.

The latest earnings report from Alkami Technology was shared on February 27th, revealing the company had reported earnings per share of ($0.05) for the quarter, falling short of the analysts' expectations, which were at $0.08 by a margin of ($0.13). The reported revenue for the quarter was $89.66 million, which was in line with analyst estimations of $89.63 million. The return on equity for the company was negative at -11.31%, and it had a negative net margin of -14.55%. Analysts expect Alkami Technology to post -0.34 earnings per share for the current fiscal year.

Insider Trading Activity

In recent insider trading activity, Chief Financial Officer W. Bryan Hill sold 100,000 shares on January 13th at an average price of $33.43, totaling $3,343,000. This transaction reduced his holdings by 22.03%, leaving him with 353,841 shares worth approximately $11,828,904.63. Furthermore, on December 12th, insider Douglas A. Linebarger sold 50,000 shares at an average price of $40.05, resulting in a total transaction of $2,002,500. Following this transaction, Linebarger held 191,668 shares valued at $7,676,303.40, marking a decrease of 20.69% in his ownership. In total, insiders have sold 271,767 shares valued at nearly $9.98 million over the last three months, and they currently own about 38.00% of the company's stock.

Institutional Investors' Activities

Several institutional investors have recently adjusted their holdings in Alkami Technology. For instance, Essex Investment Management Co. LLC purchased a new stake during the fourth quarter valued at about $34,000. Advisors Asset Management Inc. enhanced their stake by 117.9% in the third quarter, now owning 1,166 shares worth around $37,000 after buying additional shares. Quarry LP also entered a new position during the fourth quarter worth about $61,000. Covestor Ltd raised its stake by an impressive 6,300.0% in the third quarter, now holding 2,688 shares valued at $85,000. Lastly, Neo Ivy Capital Management acquired a new position in the fourth quarter worth around $96,000. Currently, institutional investors and hedge funds own approximately 54.97% of Alkami Technology's stock.

About Alkami Technology

Alkami Technology, Inc. provides cloud-based digital banking solutions mainly in the United States. Their Alkami Platform enables financial institutions to onboard new users, increase revenue, and improve operational efficiency through a proprietary cloud-based, multi-tenant architecture.

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