Alkami Technology (ALKT) to Release Earnings on Wednesday

Alkami Technology (NASDAQ:ALKT) will release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Alkami Technology to post earnings of $0.02 per share for the quarter. Alkami Technology has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Alkami Technology (NASDAQ:ALKT) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $76.10 million during the quarter, compared to analyst estimates of $75.57 million. Alkami Technology had a negative return on equity of 15.31% and a negative net margin of 20.42%. Alkami Technology’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.16) earnings per share. On average, analysts expect Alkami Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Alkami Technology Stock Performance

Shares of NASDAQ:ALKT traded up $0.31 during trading on Tuesday, hitting $33.15. 24,126 shares of the company traded hands, compared to its average volume of 399,431. The business’s fifty day moving average is $28.90 and its 200-day moving average is $26.23. Alkami Technology has a one year low of $14.93 and a one year high of $34.47. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.06.

Insiders Place Their Bets

In other Alkami Technology news, CFO W Bryan Hill sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $25.72, for a total value of $2,572,000.00. Following the completion of the sale, the chief financial officer now directly owns 489,340 shares in the company, valued at $12,585,824.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO W Bryan Hill sold 100,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $25.72, for a total transaction of $2,572,000.00. Following the completion of the sale, the chief financial officer now owns 489,340 shares in the company, valued at approximately $12,585,824.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas A. Linebarger sold 71,030 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $26.83, for a total value of $1,905,734.90. Following the sale, the insider now owns 262,749 shares of the company’s stock, valued at approximately $7,049,555.67. The disclosure for this sale can be found here. Insiders sold 1,848,472 shares of company stock worth $49,241,550 over the last ninety days. Company insiders own 38.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ALKT shares. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 target price on shares of Alkami Technology in a report on Tuesday, June 25th. Craig Hallum upped their target price on Alkami Technology from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. JMP Securities increased their price objective on Alkami Technology from $30.00 to $35.00 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. Finally, Barclays increased their price objective on Alkami Technology from $28.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.56.

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.