Alkami Technology (ALKT) Set to Announce Quarterly Earnings on Wednesday

Alkami Technology (NASDAQ:ALKT) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Alkami Technology to post earnings of $0.02 per share for the quarter. Alkami Technology has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Alkami Technology (NASDAQ:ALKT) last announced its earnings results on Wednesday, February 28th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Alkami Technology had a negative net margin of 23.76% and a negative return on equity of 17.00%. The business had revenue of $71.37 million during the quarter, compared to analysts’ expectations of $71.12 million. On average, analysts expect Alkami Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Alkami Technology Stock Up 2.5 %

Shares of ALKT stock opened at $24.57 on Wednesday. The firm’s fifty day moving average price is $24.29 and its two-hundred day moving average price is $23.07. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 0.06. Alkami Technology has a 1 year low of $10.93 and a 1 year high of $26.75. The firm has a market capitalization of $2.40 billion, a P/E ratio of -37.23 and a beta of 0.40.

Analysts Set New Price Targets

A number of analysts recently issued reports on ALKT shares. TheStreet raised Alkami Technology from a “d” rating to a “c-” rating in a research report on Thursday, February 29th. Barclays upped their price objective on Alkami Technology from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. raised their target price on shares of Alkami Technology from $27.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. KeyCorp lifted their price objective on shares of Alkami Technology from $21.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Finally, The Goldman Sachs Group lowered shares of Alkami Technology from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $23.00 to $27.00 in a research note on Tuesday, January 23rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.10.

Insider Buying and Selling at Alkami Technology

In other news, CFO W Bryan Hill sold 50,089 shares of Alkami Technology stock in a transaction on Friday, March 8th. The stock was sold at an average price of $23.91, for a total transaction of $1,197,627.99. Following the completion of the sale, the chief financial officer now owns 508,501 shares of the company’s stock, valued at $12,158,258.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO W Bryan Hill sold 50,089 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $23.91, for a total transaction of $1,197,627.99. Following the transaction, the chief financial officer now directly owns 508,501 shares of the company’s stock, valued at $12,158,258.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas A. Linebarger sold 33,593 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $23.59, for a total value of $792,458.87. Following the completion of the sale, the insider now owns 262,749 shares of the company’s stock, valued at $6,198,248.91. The disclosure for this sale can be found here. Insiders have sold a total of 112,734 shares of company stock valued at $2,658,864 in the last ninety days. 25.90% of the stock is currently owned by corporate insiders.

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.