Alkami Technology (NASDAQ:ALKT) Stock Price Target Cut by Needham & Company LLC

Alkami Technology (NASDAQ:ALKT) had its price objective decreased by equities researchers at Needham & Company LLC from $25.00 to $20.00 in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC‘s price objective suggests a potential upside of 28.78% from the company’s previous close.

Several other research firms have also weighed in on ALKT. Craig Hallum lowered Alkami Technology from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Thursday. KeyCorp lowered Alkami Technology from an “overweight” rating to a “sector weight” rating in a research report on Thursday. JPMorgan Chase & Co. downgraded Alkami Technology from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $24.00 to $14.00 in a report on Thursday, September 24th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alkami Technology in a report on Wednesday, September 2nd. Finally, Citigroup downgraded shares of Alkami Technology from a “market outperform” rating to a “market perform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $19.17.

Alkami Technology Price Performance

NASDAQ:ALKT opened at $15.53 on Thursday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.98. The business’s 50-day moving average price is $16.91 and its 200 day moving average price is $17.37. Alkami Technology has a 52-week low of $13.20 and a 52-week high of $24.47. The firm has a market cap of $1.66 billion, a P/E ratio of -36.98 and a beta of 0.60.

Alkami Technology (NASDAQ:ALKT) last issued its earnings results on Wednesday, October 28th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.26). The business had revenue of $134.91 million for the quarter, compared to the consensus estimate of $133.54 million. Alkami Technology had a negative return on equity of 7.68% and a negative net margin of 9.21%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.14) earnings per share. As a group, sell-side analysts predict that Alkami Technology will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alkami Technology

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc increased its holdings in Alkami Technology by 46,900.0% in the second quarter. IFP Advisors Inc now owns 1,410 shares of the company’s stock worth $26,000 after buying an additional 1,407 shares during the last quarter. Summit Securities Group LLC lifted its stake in Alkami Technology by 84.2% in the first quarter. Summit Securities Group LLC now owns 1,842 shares of the company’s stock valued at $29,000 after acquiring an additional 842 shares during the last quarter. Sterling Capital Management LLC grew its position in Alkami Technology by 779.9% in 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 in the last quarter. Optiver Holding B.V. acquired a new position in shares of Alkami Technology during the 1st quarter worth $36,000. Finally, Essential Partners LLC raised its holdings 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 valued at $37,000 after purchasing an additional 2,340 shares in the last quarter. 54.97% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Alkami Technology

Here are the key news stories impacting Alkami Technology this week:

• Positive Sentiment: Third-quarter revenue increased 19.4% year over year to $134.9 million, slightly exceeding the $133.5 million consensus estimate. GAAP gross margin improved to 57.5%, while adjusted EBITDA rose to $26.3 million from $16.0 million a year earlier. Net loss also narrowed to $6.7 million from $14.8 million. Alkami Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Connexus Credit Union renewed and expanded its longstanding relationship with Alkami, supporting the company’s customer-retention and digital-banking growth strategy. Connexus Credit Union Renews and Expands Partnership
• Neutral Sentiment: Barclays reiterated its “hold” rating, suggesting the firm sees limited near-term upside despite Alkami’s continuing revenue growth. Barclays Reaffirms Hold Rating
• Negative Sentiment: Alkami reported a GAAP loss of $0.06 per share, missing the approximately $0.20 analyst consensus by $0.26. Operating losses remained negative, reinforcing concerns that profitability has not yet caught up with the company’s strong top-line growth. Alkami Third-Quarter Earnings Report
• Negative Sentiment: Citizens JMP cut Alkami from “outperform” to “market perform,” KeyCorp downgraded it from “overweight” to “sector weight,” and William Blair lowered its view from “outperform” to “market perform.” The coordinated downgrades are likely the main reason the stock has decreased, reflecting reduced expectations for near-term upside. Citizens JMP Ratings

Alkami Technology Company Profile

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.