Alkami Technology (NASDAQ:ALKT) Stock Bumped Down to Underweight by JPMorgan Chase & Co.

Alkami Technology (NASDAQ:ALKT) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to an “underweight” rating in a report issued on Thursday, MarketBeat reports. They currently have a $14.00 price target on the stock, down from their previous price target of $24.00. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 1.27% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Needham & Company LLC upped their price target on Alkami Technology from $22.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 24th. Weiss Ratings reissued a “sell (e+)” rating on shares of Alkami Technology in a research note on Wednesday, September 2nd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Alkami Technology in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.00.

Alkami Technology Price Performance

Shares of Alkami Technology stock opened at $14.18 on Thursday. Alkami Technology has a 52 week low of $13.76 and a 52 week high of $25.96. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.98. The stock has a market cap of $1.52 billion, a PE ratio of -33.76 and a beta of 0.61. The company’s 50-day moving average price is $19.01 and its two-hundred day moving average price is $17.56.

Alkami Technology (NASDAQ:ALKT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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 business posted ($0.13) EPS. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Alkami Technology will post 0.15 EPS for the current fiscal year.

Institutional Trading of Alkami Technology

Hedge funds and other institutional investors have recently modified their holdings of the business. 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 in the last quarter. Corient Private Wealth LP lifted its stake in Alkami Technology by 24.9% in the 2nd quarter. Corient Private Wealth LP now owns 153,882 shares of the company’s stock worth $2,788,000 after acquiring an additional 30,698 shares in the last quarter. JANA Partners Management LP boosted its position in Alkami Technology by 24.2% during the 2nd quarter. JANA Partners Management LP now owns 6,747,707 shares of the company’s stock worth $122,268,000 after acquiring an additional 1,316,319 shares during the period. Headlands Technologies LLC boosted its position in Alkami Technology by 186.2% during the 2nd quarter. Headlands Technologies LLC now owns 34,932 shares of the company’s stock worth $633,000 after acquiring an additional 22,728 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Alkami Technology during the 2nd quarter valued at about $2,716,000. Institutional investors and hedge funds own 54.97% of the company’s stock.

Alkami Technology News Roundup

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

• Positive Sentiment: Provident Bank launched Alkami’s MANTL Business and Retail Account Opening products across its 135-branch network. The deployment at a $25 billion-plus bank supports Alkami’s customer growth and platform adoption, although the immediate revenue impact was not disclosed. Provident Bank Goes Live with MANTL Business and Retail Account Opening
• Positive Sentiment: Citizens JMP reaffirmed its “market outperform” rating and set a $24 price target, implying substantial upside from recent trading levels. However, this bullish view contrasts with a more cautious rating from JPMorgan. Alkami Stock Hits Three-Year Lows: Jana Doesn’t Get Buyout Wish
• Neutral Sentiment: Alkami maintained fiscal 2026 revenue guidance of $528 million to $531 million, broadly in line with the $529.9 million analyst consensus. The update does not point to a material change in near-term operating expectations.
• Neutral Sentiment: Reported short-interest data listed zero shares short and a zero-day short-interest ratio, making the figures uninformative as a signal of investor positioning.
• Negative Sentiment: The conclusion of the strategic review without a transaction removed a major potential catalyst and triggered an approximately 18% share decline. Alkami said it will remain independent, leaving investors focused on execution rather than a near-term buyout. Alkami Announces Conclusion of Strategic Opportunities Review
• Negative Sentiment: JPMorgan reaffirmed its “underweight” rating and cut its price target to $14 from $24, signaling reduced confidence in Alkami’s standalone outlook and adding pressure to the stock.

About Alkami Technology

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.