Alkami Technology (ALKT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $37.33 to $38.25
• 50-Day Range: $29.62 to $39.86
• 52-Week Range: $21.19 to $41.36
• Volume: 800,206 shs
• Average Volume: 1.04 million shs
• Market Capitalization: $3.79 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $37.44
• Consensus Rating: Moderate Buy

Alkami Technology Stock Analysis - MarketRank™

Alkami Technology scored higher than 48% of companies evaluated by MarketBeat, and ranked 459th out of 649 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Alkami Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Alkami Technology has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Alkami Technology are expected to grow in the coming year, from ($0.34) to ($0.16) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Alkami Technology is -80.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Alkami Technology is -80.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Alkami Technology has a P/B Ratio of 11.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.37% of the float of Alkami Technology has been sold short.

Short Interest Ratio / Days to Cover

Alkami Technology has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Alkami Technology has recently increased by 20.59%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Alkami Technology does not currently pay a dividend.

Dividend Growth

Alkami Technology does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.37% of the float of Alkami Technology has been sold short.

Short Interest Ratio / Days to Cover

Alkami Technology has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Alkami Technology has recently increased by 20.59%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.80

News Sentiment

Alkami Technology has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Alkami Technology this week, compared to 5 articles on an average week.

Search Interest

11 people have searched for ALKT on MarketBeat in the last 30 days. This is an increase of 57% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Alkami Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Alkami Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $119,085,041.00 in company stock.

Percentage Held by Insiders

25.90% of the stock of Alkami Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

54.97% of the stock of Alkami Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ALKT Stock Analysis - Frequently Asked Questions

How have ALKT shares performed this year?

Alkami Technology's stock was trading at $24.25 on January 1st, 2024. Since then, ALKT stock has increased by 55.7% and is now trading at $37.75.
View the best growth stocks for 2024 here.

How were Alkami Technology's earnings last quarter?

Alkami Technology, Inc. (NASDAQ:ALKT) released its quarterly earnings data on Wednesday, July, 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Alkami Technology's quarterly revenue was up 24.9% compared to the same quarter last year.

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 $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 top institutional shareholders include General Atlantic L.P. (15.44%), FMR LLC (1.52%), Wasatch Advisors LP (1.35%) and Massachusetts Financial Services Co. MA (1.31%). Insiders that own company stock include Atlantic LP General, Atlantic Genpar (Bermu General, George B Kaiser, Alex Shootman, Brian R Smith, W Bryan Hill, Stephen Bohanon, Michael D Hansen, Douglas A Linebarger and Kristy Ramundi.
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.

What other stocks do shareholders of Alkami Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Alkami Technology investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:ALKT
• CUSIP: N/A
• CIK: 1529274
• Web: www.alkami.com
• Phone: 877-725-5264
• Fax: N/A
• Employees: 850
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $37.44
• High Stock Price Target: $54.00
• Low Stock Price Target: $24.00
• Potential Upside/Downside: -0.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.70
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.47)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-62,910,000.00
• Net Margins: -14.55%
• Pretax Margin: -14.52%
• Return on Equity: -11.31%
• Return on Assets: -9.15%

Debt

• Debt-to-Equity Ratio: 0.05
• Current Ratio: 3.52
• Quick Ratio: 3.52

Sales & Book Value

• Annual Sales: $315.56 million
• Price / Sales: 12.02
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.41 per share
• Price / Book: 11.07

Miscellaneous

• Outstanding Shares: 100,497,000
• Free Float: 74,468,000
• Market Cap: $3.79 billion
• Optionable: Optionable
• Beta: 0.43