NASDAQ:ALKT

Alkami Technology (ALKT) Stock Price, News & Analysis

$26.57
-1.06 (-3.84%)
(As of 05/8/2024 ET)
Today's Range
$26.08
$27.33
50-Day Range
$23.09
$27.63
52-Week Range
$11.97
$27.94
Volume
727,533 shs
Average Volume
334,448 shs
Market Capitalization
$2.59 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$26.90

Alkami Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
1.2% Upside
$26.90 Price Target
Short Interest
Healthy
2.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.42mentions of Alkami Technology in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$4.56 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.41) to ($0.15) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.36 out of 5 stars

Computer And Technology Sector

390th out of 592 stocks

Prepackaged Software Industry

143rd out of 201 stocks

ALKT stock logo

About Alkami Technology Stock (NASDAQ:ALKT)

Alkami Technology, Inc. offers cloud-based digital banking solutions in the United States. The company's Alkami Platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietary, cloud-based, and multi-tenant architecture. It serves community, regional, super-regional credit unions, and banks. The company was founded in 2009 and is headquartered in Plano, Texas.

ALKT Stock Price History

ALKT Stock News Headlines

The Top 5 Analysts Ranked by Marketbeat and Stocks They Cover
Marketbeat's many investor tools include analysts' rankings and sentiment trackers. These tools help investors and traders gauge market sentiment, showing trends and changes, updated revisions, and new reports.
The Top 5 Analysts Ranked by Marketbeat and Stocks They Cover (ALKT)
Analysts rate the stocks, but who rates the analysts? This is a look at five of the highest-rated analysts tracked by Marketbeat.com based on 12-month ROI.
Tech GIANT’s Plans to Revolutionize Crypto…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Alkami Technology (NASDAQ:ALKT) PT Raised to $32.00
Evaluating Alkami Technology: Insights From 6 Financial Analysts
Tech GIANT’s Plans to Revolutionize Crypto…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Q1 2024 Alkami Technology Inc Earnings Call
Alkami Technology Inc (ALKT)
Demystifying Alkami Technology: Insights From 7 Analyst Reviews
Barclays Sticks to Its Hold Rating for Alkami Technology (ALKT)
See More Headlines
Receive ALKT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Alkami Technology and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
5/01/2024
Today
5/08/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:ALKT
Fax
N/A
Employees
917
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.90
High Stock Price Target
$32.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+0.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$-62,910,000.00
Pretax Margin
-20.41%

Debt

Sales & Book Value

Annual Sales
$264.83 million
Book Value
$3.41 per share

Miscellaneous

Free Float
72,259,000
Market Cap
$2.60 billion
Optionable
Optionable
Beta
0.40
7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

ALKT Stock Analysis - Frequently Asked Questions

Should I buy or sell Alkami Technology stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alkami Technology in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ALKT shares.
View ALKT analyst ratings
or view top-rated stocks.

What is Alkami Technology's stock price target for 2024?

11 equities research analysts have issued 12-month target prices for Alkami Technology's shares. Their ALKT share price targets range from $20.00 to $32.00. On average, they expect the company's stock price to reach $26.90 in the next twelve months. This suggests a possible upside of 1.2% from the stock's current price.
View analysts price targets for ALKT
or view top-rated stocks among Wall Street analysts.

How have ALKT shares performed in 2024?

Alkami Technology's stock was trading at $24.25 at the beginning of 2024. Since then, ALKT shares have increased by 9.6% and is now trading at $26.57.
View the best growth stocks for 2024 here
.

When is Alkami Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our ALKT earnings forecast
.

How were Alkami Technology's earnings last quarter?

Alkami Technology, Inc. (NASDAQ:ALKT) posted its quarterly earnings results on Wednesday, May, 1st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $76.10 million for the quarter, compared to the consensus estimate 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 company's revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.16) earnings per share.

What ETFs hold Alkami Technology's stock?

ETFs with the largest weight of Alkami Technology (NASDAQ:ALKT) stock in their portfolio include Sovereigns Capital Flourish Fund (SOVF) and Invesco Dorsey Wright Technology Momentum ETF (PTF).SPDR S&P Software & Services ETF (XSW).

What guidance has Alkami Technology issued on next quarter's earnings?

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.

When did Alkami Technology IPO?

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.

Who are Alkami Technology's major shareholders?

Alkami Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include Wasatch Advisors LP (1.55%), Hodges Capital Management Inc. (0.17%), Lisanti Capital Growth LLC (0.14%), Swiss National Bank (0.09%), Arlington Capital Management Inc. (0.07%) and Penbrook Management LLC (0.06%). 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
.

How do I buy shares of Alkami Technology?

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.
Compare Top Brokerages Here.

This page (NASDAQ:ALKT) was last updated on 5/8/2024 by MarketBeat.com Staff

From Our Partners