Alkami Technology (ALKT) Projected to Post Earnings on Thursday

Alkami Technology (NASDAQ:ALKT - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $89.63 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Alkami Technology Stock Performance

Shares of ALKT stock traded down $0.67 during midday trading on Friday, hitting $31.16. 1,339,028 shares of the company were exchanged, compared to its average volume of 564,292. Alkami Technology has a 52 week low of $22.65 and a 52 week high of $42.29. The firm has a market capitalization of $3.13 billion, a P/E ratio of -66.30 and a beta of 0.47. The firm's 50 day moving average price is $35.93 and its two-hundred day moving average price is $35.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52.

Insider Buying and Selling

In other Alkami Technology news, CFO W Bryan Hill sold 17,807 shares of Alkami Technology stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $38.37, for a total value of $683,254.59. Following the transaction, the chief financial officer now owns 353,841 shares in the company, valued at $13,576,879.17. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Atlantic Genpar (Bermu General sold 3,000,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $39.75, for a total transaction of $119,250,000.00. Following the completion of the sale, the director now owns 9,680,049 shares in the company, valued at approximately $384,781,947.75. The trade was a 23.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,383,053 shares of company stock valued at $134,028,881 over the last quarter. 38.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Craig Hallum increased their target price on Alkami Technology from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Needham & Company LLC increased their price objective on Alkami Technology from $43.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. JMP Securities lifted their target price on Alkami Technology from $38.00 to $41.00 and gave the stock a "market outperform" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. upped their price target on shares of Alkami Technology from $42.00 to $45.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Finally, Barclays raised their price target on shares of Alkami Technology from $35.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Alkami Technology currently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

About Alkami Technology

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.