Alkami Technology (NASDAQ:ALKT) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Alkami Technology (NASDAQ:ALKT) announced its quarterly earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13), Zacks reports. The company had revenue of $89.66 million during the quarter, compared to the consensus estimate 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 opened at $28.97 on Friday. The firm has a market capitalization of $2.91 billion, a PE ratio of -61.63 and a beta of 0.47. The stock’s fifty day moving average is $35.02 and its 200 day moving average is $34.99. Alkami Technology has a fifty-two week low of $22.65 and a fifty-two week high of $42.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ALKT. The Goldman Sachs Group raised their price objective on Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Alkami Technology from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Barclays increased their target price on Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Craig Hallum raised their target price on shares of Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC upped their price target on shares of Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.00.

Insiders Place Their Bets

In related news, CFO W Bryan Hill sold 100,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $33.43, for a total value of $3,343,000.00. Following the sale, the chief financial officer now directly owns 353,841 shares of the company’s stock, valued at $11,828,904.63. This represents a 22.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen Bohanon sold 15,491 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $38.37, for a total transaction of $594,389.67. Following the completion of the sale, the insider now directly owns 358,204 shares of the company’s stock, valued at approximately $13,744,287.48. The trade was a 4.15 % decrease in their position. 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 three months. 25.90% of the stock is owned by company insiders.

Alkami Technology Company Profile

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.