Alkami Technology’s (ALKT) “Underweight” Rating Reiterated at JPMorgan Chase & Co.

Alkami Technology (NASDAQ:ALKT)‘s stock had its “underweight” rating reaffirmed by JPMorgan Chase & Co. in a note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a $14.00 price objective on the stock, down from their previous price objective of $24.00. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 0.72% from the company’s previous close.

ALKT has been the topic of a number of other research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Alkami Technology in a report on Wednesday, September 2nd. Needham & Company LLC boosted their target price on shares of Alkami Technology from $22.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 24th. Finally, Citigroup restated a “market outperform” rating on shares of Alkami Technology in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.00.

Alkami Technology Trading Down 3.4%

NASDAQ:ALKT traded down $0.50 during trading hours on Thursday, hitting $14.10. The company had a trading volume of 848,033 shares, compared to its average volume of 1,792,494. The company has a market capitalization of $1.51 billion, a PE ratio of -33.55 and a beta of 0.61. The stock has a 50-day moving average price of $19.09 and a 200 day moving average price of $17.58. Alkami Technology has a 52 week low of $13.92 and a 52 week high of $25.96. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.13 and a quick ratio of 2.13.

Alkami Technology (NASDAQ:ALKT) last announced its earnings results on Wednesday, July 29th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.23). Alkami Technology had a negative net margin of 9.21% and a negative return on equity of 7.68%. The business had revenue of $129.84 million for the quarter, compared to the consensus estimate of $128.70 million. During the same quarter last year, the firm posted ($0.13) EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities research analysts predict that Alkami Technology will post 0.15 EPS for the current fiscal year.

Institutional Trading of Alkami Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the company. North Reef Capital Management LP increased its stake in Alkami Technology by 264.3% during the 1st quarter. North Reef Capital Management LP now owns 7,650,000 shares of the company’s stock valued at $119,876,000 after purchasing an additional 5,550,000 shares in the last quarter. JANA Partners Management LP raised its position in Alkami Technology by 24.2% in the 2nd quarter. JANA Partners Management LP now owns 6,747,707 shares of the company’s stock worth $122,268,000 after buying an additional 1,316,319 shares during the last quarter. Westfield Capital Management Co. LP raised its position in Alkami Technology by 33.1% in the 4th quarter. Westfield Capital Management Co. LP now owns 4,118,355 shares of the company’s stock worth $95,010,000 after buying an additional 1,023,297 shares during the last quarter. Janus Henderson Group PLC raised its position in Alkami Technology by 20.2% in the 1st quarter. Janus Henderson Group PLC now owns 3,855,334 shares of the company’s stock worth $60,413,000 after buying an additional 646,898 shares during the last quarter. Finally, Bamco Inc. NY raised its position in Alkami Technology by 24.6% in the 4th quarter. Bamco Inc. NY now owns 2,983,065 shares of the company’s stock worth $68,819,000 after buying an additional 588,033 shares during the last quarter. 54.97% of the stock is currently owned by institutional investors.

More Alkami Technology News

Here are the key news stories impacting Alkami Technology this week:

• Positive Sentiment: Alkami reaffirmed a relatively stable operating outlook, projecting fiscal 2026 revenue of $528 million to $531 million, broadly in line with the $529.9 million analyst consensus. The company said it will focus on executing its independent strategy and serving financial-institution customers. Alkami Announces Conclusion of Strategic Opportunities Review
• Neutral Sentiment: The board concluded a comprehensive review conducted with financial and legal advisers after evaluating strategic alternatives. Alkami determined that remaining independent was the best path, though management must now demonstrate that standalone growth can deliver more value than a potential acquisition. What Should Alkami Technology Investors Make Of Its Decision To Stay Independent?
• Negative Sentiment: Shares decreased sharply after Alkami announced that the review ended without a transaction. Investors appear disappointed that no buyer emerged, while the company’s independent outlook leaves shareholders exposed to execution risk and removes the near-term possibility of a buyout premium. Reports indicated the stock fell about 18% following the announcement and moved close to its one-year low. Alkami Shares Fall 18% After Strategic Review Ends Without Sale

Alkami Technology Company Profile

Alkami Technology, Inc provides cloud-based digital banking solutions for financial institutions in the United States. Its platform is designed primarily for community, regional and other banks and credit unions seeking to deliver online and mobile banking experiences to consumers and businesses.

The company’s products and services include digital account access, account opening, money movement and payments, card management, financial wellness tools, data and analytics, marketing and customer engagement capabilities, and solutions for commercial banking.