Alkami Technology, Inc. $ALKT Shares Bought by JANA Partners Management LP

JANA Partners Management LP grew its stake in Alkami Technology, Inc. (NASDAQ:ALKT) by 24.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,747,707 shares of the company’s stock after acquiring an additional 1,316,319 shares during the quarter. Alkami Technology comprises approximately 6.4% of JANA Partners Management LP’s portfolio, making the stock its 7th biggest holding. JANA Partners Management LP owned approximately 6.31% of Alkami Technology worth $122,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Summit Securities Group LLC increased its position in Alkami Technology by 84.2% during the 1st quarter. Summit Securities Group LLC now owns 1,842 shares of the company’s stock worth $29,000 after purchasing an additional 842 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Alkami Technology by 91.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,447 shares of the company’s stock valued at $34,000 after purchasing an additional 692 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Alkami Technology by 398.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,146 shares of the company’s stock valued at $35,000 after purchasing an additional 916 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Alkami Technology during the 1st quarter worth about $36,000. Finally, Essential Partners LLC boosted its stake in shares of Alkami Technology by 7,090.9% during the 1st quarter. Essential Partners LLC now owns 2,373 shares of the company’s stock worth $37,000 after purchasing an additional 2,340 shares during the last quarter. Institutional investors and hedge funds own 54.97% of the company’s stock.

Alkami Technology Stock Performance

NASDAQ ALKT opened at $20.09 on Friday. The business’s 50-day moving average price is $18.82 and its 200 day moving average price is $17.34. Alkami Technology, Inc. has a twelve month low of $13.98 and a twelve month high of $26.89. The company has a market capitalization of $2.15 billion, a PE ratio of -47.83 and a beta of 0.61. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.98.

Alkami Technology (NASDAQ:ALKT) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.23). Alkami Technology had a negative net margin of 9.21% and a negative return on equity of 7.68%. The business had revenue of $129.84 million during the quarter, compared to analysts’ expectations of $128.70 million. During the same quarter last year, the firm earned ($0.13) EPS. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, research analysts predict that Alkami Technology, Inc. will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Alkami Technology from $19.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. Weiss Ratings restated a “sell (e+)” rating on shares of Alkami Technology in a research report on Friday, June 5th. Finally, Needham & Company LLC lifted their target price on shares of Alkami Technology from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.80.

Alkami Technology Profile

Alkami Technology, Inc is a provider of cloud-based digital banking and engagement solutions tailored for banks and credit unions. The company’s platform offers a comprehensive suite of online and mobile banking features, including bill payment, peer-to-peer transfers, card management, streamlined account opening and real-time alerts, all designed to enhance the end-user experience and drive customer loyalty.

Built on a multi-tenant, software-as-a-service (SaaS) architecture hosted in the cloud, Alkami’s platform leverages modern APIs and a partner ecosystem to integrate third-party fintech applications and services.