Alkami Technology (NASDAQ:ALKT) Cut to “Market Perform” at William Blair

William Blair lowered shares of Alkami Technology (NASDAQ:ALKT) from an outperform rating to a market perform rating in a research report report published on Thursday morning, Marketbeat Ratings reports.

A number of other brokerages also recently commented on ALKT. Barclays reduced their target price on shares of Alkami Technology from $21.00 to $15.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $24.00 price objective on shares of Alkami Technology in a research report on Thursday, September 24th. JPMorgan Chase & Co. downgraded shares of Alkami Technology from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $24.00 to $14.00 in a research report on Thursday, September 24th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alkami Technology in a research note on Wednesday, September 2nd. Finally, Needham & Company LLC increased their target price on shares of Alkami Technology from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $17.60.

Alkami Technology Trading Down 2.3%

ALKT opened at $12.40 on Thursday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -36.47 and a beta of 0.60. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.98. Alkami Technology has a 12 month low of $12.10 and a 12 month high of $24.47. The stock has a fifty day moving average price of $16.62 and a 200-day moving average price of $17.27.

Alkami Technology (NASDAQ:ALKT) last issued its quarterly earnings data on Wednesday, October 28th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.26). Alkami Technology had a negative return on equity of 4.73% and a negative net margin of 7.24%. The company had revenue of $134.91 million for the quarter, compared to analysts’ expectations of $133.54 million. During the same quarter last year, the company earned ($0.14) earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Alkami Technology will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Alkami Technology

A number of institutional investors have recently bought and sold shares of ALKT. IFP Advisors Inc grew its holdings in shares of Alkami Technology by 46,900.0% during the second quarter. IFP Advisors Inc now owns 1,410 shares of the company’s stock valued at $26,000 after buying an additional 1,407 shares during the last quarter. Summit Securities Group LLC lifted its position in Alkami Technology by 84.2% during the first quarter. Summit Securities Group LLC now owns 1,842 shares of the company’s stock valued at $29,000 after purchasing an additional 842 shares during the period. Sterling Capital Management LLC lifted its position in Alkami Technology by 779.9% during the third quarter. Sterling Capital Management LLC now owns 2,103 shares of the company’s stock valued at $29,000 after purchasing an additional 1,864 shares during the period. Optiver Holding B.V. purchased a new stake in Alkami Technology in the first quarter valued at $36,000. Finally, Essential Partners LLC boosted its holdings in Alkami Technology by 7,090.9% in the first quarter. Essential Partners LLC now owns 2,373 shares of the company’s stock valued at $37,000 after purchasing an additional 2,340 shares during the last quarter. 54.97% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Alkami Technology

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

• Positive Sentiment: Alkami issued fourth-quarter 2026 revenue guidance of $139.7 million to $141.2 million, closely surrounding the $140.4 million consensus estimate. The outlook suggests expectations remain intact for the near term.
• Positive Sentiment: Third-quarter revenue reached $134.9 million, exceeding the approximately $133.5 million analyst estimate and increasing 19.4% from the prior-year period. Alkami Q3 revenue earnings flash
• Positive Sentiment: Needham maintained a “buy” rating, although it reduced its price target from $25 to $20, indicating substantial potential upside based on the reported reference price.
• Neutral Sentiment: JPMorgan lowered its price target from $14 to $13 and assigned an “underweight” rating, while Craig Hallum cut its rating from “buy” to “hold” with a $16 target. The targets remain above the recent trading level but reflect reduced confidence.
• Negative Sentiment: Third-quarter adjusted earnings were reported at $0.18 per share, below the Zacks consensus estimate of $0.22, although above the $0.13 earned a year earlier. The earnings shortfall is weighing on sentiment. Alkami Q3 earnings miss
• Negative Sentiment: Citizens downgraded Alkami from “outperform” to “market perform,” while KeyCorp and William Blair also moved their ratings to more cautious “sector weight” or “market perform” positions. Citizens reportedly cited a lack of clarity surrounding 2027 prospects.

About Alkami Technology

Alkami Technology, Inc provides cloud-based digital banking solutions for financial institutions, primarily community banks and credit unions in the United States. Its platform is designed to help institutions deliver digital experiences across online and mobile channels while managing customer relationships and banking operations.

The company’s products and services include digital account opening, online and mobile banking, payments, money movement, card management, financial wellness tools, data and analytics, marketing capabilities, and fraud prevention.