Alkami Technology (ALKT) Projected to Post Quarterly Earnings on Wednesday

Alkami Technology (NASDAQ:ALKT) is expected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Alkami Technology to post earnings of $0.08 per share and revenue of $89.63 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Alkami Technology Price Performance

ALKT stock opened at $33.37 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of -71.00 and a beta of 0.47. The firm has a 50 day moving average price of $36.25 and a 200-day moving average price of $35.11. Alkami Technology has a 52-week low of $22.65 and a 52-week high of $42.29.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Needham & Company LLC boosted their target price on Alkami Technology from $43.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Craig Hallum upped their price target on shares of Alkami Technology from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their price objective on shares of Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Alkami Technology from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, JMP Securities increased their price target on shares of Alkami Technology from $38.00 to $41.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alkami Technology currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Insiders Place Their Bets

In other Alkami Technology news, CFO W Bryan Hill sold 100,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $33.43, for a total value of $3,343,000.00. Following the transaction, the chief financial officer now owns 353,841 shares of the company’s stock, valued at approximately $11,828,904.63. This represents a 22.03 % decrease in their ownership of the stock. The transaction 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 50,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $40.05, for a total transaction of $2,002,500.00. Following the completion of the transaction, the insider now owns 191,668 shares in the company, valued at $7,676,303.40. This trade represents a 20.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,536,639 shares of company stock valued at $139,955,172. Company insiders own 38.00% of the company’s stock.

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.