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

Alkami Technology (NASDAQ:ALKT) is projected to release its earnings data after the market closes on Thursday, February 27th. Analysts expect Alkami Technology to post earnings of $0.08 per share and revenue of $89.63 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Alkami Technology Stock Performance

NASDAQ ALKT opened at $29.80 on Wednesday. The business has a 50 day moving average price of $35.38 and a 200 day moving average price of $35.07. The company has a market capitalization of $2.99 billion, a P/E ratio of -63.40 and a beta of 0.47. Alkami Technology has a 1-year low of $22.65 and a 1-year high of $42.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.52 and a quick ratio of 3.52.

Insiders Place Their Bets

In related news, insider Stephen Bohanon sold 15,491 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $38.37, for a total transaction of $594,389.67. Following the transaction, the insider now directly owns 358,204 shares in the company, valued at approximately $13,744,287.48. This represents a 4.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO W Bryan Hill sold 100,000 shares of Alkami Technology stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $33.43, for a total value of $3,343,000.00. Following the completion of the sale, the chief financial officer now owns 353,841 shares of the company’s stock, valued at $11,828,904.63. This trade represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 283,298 shares of company stock valued at $10,600,144. Company insiders own 25.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ALKT shares. Barclays raised their price target on Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Craig Hallum raised their target price on shares of Alkami Technology from $38.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their price target 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. Needham & Company LLC increased their price target on shares of Alkami Technology from $43.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Alkami Technology from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alkami Technology presently has an average rating of “Moderate Buy” and an average price target of $43.00.

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.