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

Alkami Technology (NASDAQ:ALKT) was downgraded by equities research analysts at William Blair from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports.

ALKT has been the subject of several other research reports. Barclays reduced their price target on shares of 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. Citigroup cut shares of Alkami Technology from a “market outperform” rating to a “market perform” rating in a research note on Thursday. Needham & Company LLC raised their price target on shares of Alkami Technology from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $24.00 price target on shares of Alkami Technology in a report on Thursday, September 24th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Alkami Technology in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alkami Technology currently has a consensus rating of “Reduce” and a consensus target price of $20.80.

Alkami Technology Stock Performance

NASDAQ ALKT opened at $15.53 on Thursday. The company has a fifty day moving average price of $16.91 and a 200-day moving average price of $17.37. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -36.98 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 1 year low of $13.20 and a 1 year high of $24.47.

Alkami Technology (NASDAQ:ALKT) last released its quarterly earnings results 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 net margin of 9.21% and a negative return on equity of 7.68%. The firm had revenue of $134.91 million for the quarter, compared to the consensus estimate of $133.54 million. During the same period in the previous year, the business earned ($0.14) earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, equities research analysts predict 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. Summit Securities Group LLC lifted its stake 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 valued at $29,000 after buying an additional 842 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Alkami Technology by 17.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,748 shares of the company’s stock valued at $78,000 after buying an additional 870 shares in the last quarter. IFP Advisors Inc grew its stake in Alkami Technology by 46,900.0% in the 2nd 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. Sterling Capital Management LLC grew its stake in Alkami Technology by 779.9% in the 3rd quarter. Sterling Capital Management LLC now owns 2,103 shares of the company’s stock valued at $29,000 after buying an additional 1,864 shares in the last quarter. Finally, State of Wyoming raised its holdings in Alkami Technology by 42.8% during the 1st quarter. State of Wyoming now owns 6,508 shares of the company’s stock valued at $102,000 after acquiring an additional 1,951 shares during the period. Institutional investors 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: Alkami reported third-quarter revenue of $134.9 million, up 19.4% year over year and slightly above the $133.5 million analyst estimate. GAAP gross margin improved to 57.5%, while adjusted EBITDA rose to $26.3 million from $16.0 million a year earlier. Alkami Announces Third Quarter 2026 Financial Results
• Positive Sentiment: GAAP net loss narrowed substantially to $6.7 million from $14.8 million in the year-ago quarter. The company also generated $21.9 million in operating cash flow, supporting the case that profitability is improving despite the accounting loss. Alkami Technology Releases Q3 2026 Earnings
• Positive Sentiment: Connexus Credit Union renewed and expanded its partnership with Alkami, providing evidence of customer retention and continued demand for the company’s digital banking platform and software-development tools. Connexus Credit Union Renews and Expands Partnership
• Neutral Sentiment: Barclays reaffirmed its Hold rating, suggesting the improved operating results may already be reflected in the valuation. Barclays Reaffirms Hold Rating
• Negative Sentiment: Alkami posted a GAAP loss of $0.06 per share, missing the reported consensus estimate of $0.20. Another earnings summary cited adjusted EPS of $0.18 versus a $0.22 estimate, also indicating an earnings shortfall. Alkami Technology Earnings Report
• Negative Sentiment: Operating losses remained negative and widened to approximately $6.2 million. With the stock trading below its 50-day and 200-day moving averages, investors may remain cautious until Alkami demonstrates sustained GAAP profitability. Alkami Q3 2026 Earnings Call Transcript

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.