Alkami Technology (NASDAQ:ALKT) Cut to Sector Weight at KeyCorp

KeyCorp cut shares of Alkami Technology (NASDAQ:ALKT) from an overweight rating to a sector weight rating in a report published on Thursday morning, Marketbeat.com reports.

A number of other analysts have also weighed in on ALKT. Citigroup lowered shares of Alkami Technology from a “market outperform” rating to a “market perform” rating in a research note on Thursday. William Blair cut shares of Alkami Technology from an “outperform” rating to a “market perform” rating in a report on Thursday. Barclays lowered their price objective on shares of Alkami Technology from $21.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday, October 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Alkami Technology in a report on Wednesday, September 2nd. Finally, Citizens Jmp cut Alkami Technology from an “outperform” rating to a “market perform” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alkami Technology presently has an average rating of “Reduce” and an average target price of $17.60.

Alkami Technology Price Performance

Shares of NASDAQ ALKT opened at $12.40 on Thursday. Alkami Technology has a fifty-two week low of $12.10 and a fifty-two week high of $24.47. The firm’s 50-day simple moving average is $16.62 and its 200 day simple moving average is $17.27. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.98. The stock has a market cap of $1.33 billion, a P/E ratio of -36.47 and a beta of 0.60.

Alkami Technology (NASDAQ:ALKT) last posted its quarterly earnings data on Wednesday, October 28th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.26). The company had revenue of $134.91 million during the quarter, compared to analyst estimates of $133.54 million. Alkami Technology had a negative return on equity of 4.73% and a negative net margin of 7.24%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.14) EPS. Equities analysts expect that Alkami Technology will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Alkami Technology

A number of institutional investors and hedge funds have recently bought and sold shares of ALKT. Legal & General Group Plc bought a new position in shares of Alkami Technology during the 2nd quarter valued at about $967,000. Praesidium Investment Management Company LLC acquired a new stake in Alkami Technology during the second quarter valued at approximately $12,765,486. Bank of America Corp DE acquired a new stake in Alkami Technology during the second quarter valued at approximately $18,451,000. Janus Henderson Group PLC lifted its stake in Alkami Technology by 20.2% during the first quarter. Janus Henderson Group PLC now owns 3,855,334 shares of the company’s stock valued at $60,413,000 after purchasing an additional 646,898 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new position in Alkami Technology in the second quarter worth approximately $2,205,000. 54.97% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Alkami Technology

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.

About Alkami Technology

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.