Alkami Technology (NASDAQ:ALKT) Stock Gets Price Target Trim from Needham & Company LLC

Alkami Technology (NASDAQ:ALKT) had its target price cut by Needham & Company LLC from $25.00 to $20.00 in a report released on Thursday morning, MarketBeat reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on ALKT. Citizens Jmp cut shares of Alkami Technology from an “outperform” rating to a “market perform” rating in a research report on Thursday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alkami Technology in a research note on Wednesday, September 2nd. Craig Hallum lowered Alkami Technology from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Thursday. KeyCorp cut Alkami Technology from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. cut Alkami Technology from an “overweight” rating to an “underweight” rating and decreased their target price for the company from $24.00 to $14.00 in a research note on Thursday, September 24th. One 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, the stock currently has an average rating of “Reduce” and an average price target of $17.60.

Alkami Technology Stock Down 2.3%

Shares of NASDAQ:ALKT opened at $12.40 on Thursday. Alkami Technology has a 52 week low of $12.10 and a 52 week high of $24.47. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.13 and a current ratio of 2.13. The company has a market capitalization of $1.33 billion, a PE ratio of -36.47 and a beta of 0.60. The company has a 50 day moving average price of $16.62 and a two-hundred day moving average price of $17.27.

Alkami Technology (NASDAQ:ALKT) last posted its earnings results 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 firm 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 company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) earnings per share. Analysts forecast that Alkami Technology will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc increased its position in shares of Alkami Technology by 46,900.0% during the second quarter. IFP Advisors Inc now owns 1,410 shares of the company’s stock worth $26,000 after acquiring an additional 1,407 shares in the last quarter. Summit Securities Group LLC raised its holdings in shares of Alkami Technology by 84.2% during the first quarter. Summit Securities Group LLC now owns 1,842 shares of the company’s stock worth $29,000 after acquiring an additional 842 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Alkami Technology by 779.9% during the third quarter. Sterling Capital Management LLC now owns 2,103 shares of the company’s stock worth $29,000 after acquiring an additional 1,864 shares during the period. Optiver Holding B.V. bought a new stake in Alkami Technology in the 1st quarter valued at $36,000. Finally, Essential Partners LLC lifted its position in Alkami Technology by 7,090.9% in the 1st quarter. Essential Partners LLC now owns 2,373 shares of the company’s stock valued at $37,000 after acquiring an additional 2,340 shares in the last quarter. Institutional investors and hedge funds 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 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.