Alkami Technology (NASDAQ:ALKT) Issues Earnings Results

Alkami Technology (NASDAQ:ALKT - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.13), Zacks reports. The business had revenue of $89.66 million for the quarter, compared to analysts' expectations of $89.63 million. Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.31%. Alkami Technology updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Alkami Technology Stock Performance

NASDAQ:ALKT traded down $1.27 during trading hours on Monday, reaching $29.57. The stock had a trading volume of 1,817,136 shares, compared to its average volume of 577,149. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The stock has a 50 day simple moving average of $34.67 and a 200 day simple moving average of $35.04. Alkami Technology has a 12-month low of $22.65 and a 12-month high of $42.29. The stock has a market cap of $2.97 billion, a P/E ratio of -62.91 and a beta of 0.47.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Alkami Technology from $42.00 to $45.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. The Goldman Sachs Group decreased their price target on Alkami Technology from $39.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Barclays decreased their price target on Alkami Technology from $41.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Alkami Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.14.

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Insiders Place Their Bets

In other news, CFO W Bryan Hill sold 100,000 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $33.43, for a total value of $3,343,000.00. Following the completion of the transaction, the chief financial officer now directly owns 353,841 shares of the company's stock, valued at $11,828,904.63. This trade represents a 22.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas A. Linebarger sold 50,000 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $40.05, for a total value of $2,002,500.00. Following the completion of the transaction, the insider now directly owns 191,668 shares of the company's stock, valued at $7,676,303.40. The trade was a 20.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 283,298 shares of company stock valued at $10,600,144 over the last ninety days. 38.00% of the stock is currently owned by insiders.

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.