Alkami Technology (NASDAQ:ALKT) Stock Rating Lowered by JPMorgan Chase & Co.

Alkami Technology (NASDAQ:ALKT) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to an “underweight” rating in a research report issued on Thursday, Briefing.com reports. They currently have a $14.00 target price on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 4.11% from the company’s current price.

Several other analysts also recently commented on ALKT. Weiss Ratings reissued a “sell (e+)” rating on shares of Alkami Technology in a research report on Wednesday, September 2nd. Citigroup reissued a “market outperform” rating on shares of Alkami Technology in a research report on Thursday. Finally, Needham & Company LLC increased their target price on Alkami Technology from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.80.

Alkami Technology Stock Performance

Shares of ALKT stock opened at $14.60 on Thursday. The company’s fifty day moving average price is $19.09 and its 200-day moving average price is $17.58. The stock has a market cap of $1.56 billion, a PE ratio of -34.76 and a beta of 0.61. 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 $13.98 and a 12 month high of $26.42.

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 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 company had revenue of $129.84 million for the quarter, compared to the consensus estimate of $128.70 million. During the same period last year, the business earned ($0.13) EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities analysts expect that Alkami Technology will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Alkami Technology

Several institutional investors and hedge funds have recently bought and sold shares of ALKT. North Reef Capital Management LP lifted its position in shares of 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 buying an additional 5,550,000 shares in the last quarter. JANA Partners Management LP boosted its holdings 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 period. Westfield Capital Management Co. LP raised its holdings in Alkami Technology by 33.1% during the fourth quarter. Westfield Capital Management Co. LP now owns 4,118,355 shares of the company’s stock valued at $95,010,000 after acquiring an additional 1,023,297 shares during the period. Janus Henderson Group PLC grew its position in shares of Alkami Technology by 20.2% during the first quarter. Janus Henderson Group PLC now owns 3,855,334 shares of the company’s stock worth $60,413,000 after purchasing an additional 646,898 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings 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 purchasing an additional 588,033 shares in the last quarter. 54.97% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Alkami Technology

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

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.