Alkami Technology (NASDAQ:ALKT) Cut to “Hold” at Craig Hallum

Craig Hallum cut shares of Alkami Technology (NASDAQ:ALKT) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. Craig Hallum currently has $16.00 target price on the stock.

Other analysts have also issued research reports about the company. KeyCorp lowered Alkami Technology from an “overweight” rating to a “sector weight” rating in a report on Thursday. JPMorgan Chase & Co. lowered Alkami Technology from an “overweight” rating to an “underweight” rating and cut their price target for the stock from $24.00 to $14.00 in a report on Thursday, September 24th. Barclays reduced their price objective on Alkami Technology from $21.00 to $15.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. William Blair downgraded shares of Alkami Technology from an “outperform” rating to a “market perform” rating in a research note on Thursday. Finally, Citizens Jmp downgraded shares of Alkami Technology from an “outperform” rating to a “market perform” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $17.60.

Alkami Technology Stock Down 2.3%

Alkami Technology stock 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 debt-to-equity ratio of 0.98, a current ratio of 2.13 and a quick ratio of 2.13. Alkami Technology has a fifty-two week low of $12.10 and a fifty-two week high of $24.47. The firm has a fifty day moving average price of $16.62 and a two-hundred day moving average price of $17.27.

Alkami Technology (NASDAQ:ALKT) last issued its quarterly earnings results on Wednesday, October 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.26). Alkami Technology had a negative net margin of 7.24% and a negative return on equity of 4.73%. The business had revenue of $134.91 million during the quarter, compared to analyst estimates of $133.54 million. During the same period in the prior year, the business posted ($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, analysts forecast that Alkami Technology will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On Alkami Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALKT. IFP Advisors Inc raised its stake in shares of Alkami Technology by 46,900.0% in the second quarter. IFP Advisors Inc now owns 1,410 shares of the company’s stock valued at $26,000 after purchasing an additional 1,407 shares in the last quarter. Summit Securities Group LLC increased its position in shares of Alkami Technology by 84.2% during the 1st quarter. Summit Securities Group LLC now owns 1,842 shares of the company’s stock worth $29,000 after purchasing an additional 842 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Alkami Technology by 779.9% in the third quarter. Sterling Capital Management LLC now owns 2,103 shares of the company’s stock valued at $29,000 after acquiring an additional 1,864 shares during the last quarter. Optiver Holding B.V. acquired a new position in shares of Alkami Technology in the 1st quarter worth approximately $36,000. Finally, Essential Partners LLC boosted its holdings in shares of Alkami Technology by 7,090.9% in the 1st quarter. Essential Partners LLC now owns 2,373 shares of the company’s stock worth $37,000 after acquiring an additional 2,340 shares in the last quarter. 54.97% of the stock is currently owned by institutional investors.

Alkami Technology News Roundup

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.

Alkami Technology Company Profile

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.