Alkami Technology (ALKT) Expected to Announce Quarterly Earnings on Thursday

Alkami Technology (NASDAQ:ALKT) will likely be releasing its earnings data after the market closes on Thursday, February 27th. Analysts expect Alkami Technology to post earnings of $0.08 per share and revenue of $89.63 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Alkami Technology Stock Down 1.0 %

ALKT opened at $29.80 on Wednesday. Alkami Technology has a 1 year low of $22.65 and a 1 year high of $42.29. The firm has a 50 day moving average price of $35.38 and a 200 day moving average price of $35.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The company has a market cap of $2.99 billion, a PE ratio of -63.40 and a beta of 0.47.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ALKT shares. JMP Securities increased their price objective on shares of Alkami Technology from $38.00 to $41.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. Craig Hallum increased their price target on Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Barclays boosted their price objective on Alkami Technology from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on Alkami Technology from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group raised their target price on Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Insider Buying and Selling at Alkami Technology

In other news, insider Douglas A. Linebarger sold 50,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $40.05, for a total transaction of $2,002,500.00. Following the transaction, the insider now owns 191,668 shares of the company’s stock, valued at approximately $7,676,303.40. This trade represents a 20.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Bohanon sold 15,491 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $38.37, for a total value of $594,389.67. Following the completion of the sale, the insider now directly owns 358,204 shares of the company’s stock, valued at approximately $13,744,287.48. This represents a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 283,298 shares of company stock valued at $10,600,144 in the last ninety days. Insiders own 25.90% of the company’s stock.

About Alkami Technology

Alkami Technology, Inc offers cloud-based digital banking solutions in the United States. The company's Alkami Platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietary, cloud-based, and multi-tenant architecture.