Alkami Technology (NASDAQ:ALKT) Releases Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Alkami Technology (NASDAQ:ALKT) posted its quarterly earnings data on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.13), Zacks reports. Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.31%. The company had revenue of $89.66 million for the quarter, compared to analyst estimates of $89.63 million. Alkami Technology updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Alkami Technology Price Performance

Shares of NASDAQ:ALKT opened at $30.84 on Friday. Alkami Technology has a twelve month low of $22.65 and a twelve month high of $42.29. The company’s 50 day moving average is $34.85 and its 200 day moving average is $34.99. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.10 billion, a PE ratio of -65.62 and a beta of 0.47.

Analysts Set New Price Targets

Several research firms have recently issued reports on ALKT. The Goldman Sachs Group upped their price objective on shares of Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on shares of Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Insider Buying and Selling

In other news, insider Stephen Bohanon sold 15,491 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $38.37, for a total transaction of $594,389.67. Following the sale, the insider now owns 358,204 shares of the company’s stock, valued at $13,744,287.48. This trade represents a 4.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO W Bryan Hill sold 17,807 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $38.37, for a total transaction of $683,254.59. Following the sale, the chief financial officer now directly owns 353,841 shares in the company, valued at $13,576,879.17. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 283,298 shares of company stock worth $10,600,144. 25.90% of the stock is owned by company 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.