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

Alkami Technology (NASDAQ:ALKT) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $89.63 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Alkami Technology Trading Up 1.4 %

NASDAQ ALKT opened at $33.37 on Wednesday. The firm has a market cap of $3.35 billion, a PE ratio of -71.00 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 stock has a 50-day moving average of $36.25 and a 200-day moving average of $35.11. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.05.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. The Goldman Sachs Group increased their price objective on Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Barclays increased their price target on shares of Alkami Technology from $35.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their price objective 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. JPMorgan Chase & Co. increased their target price on shares of Alkami Technology from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, JMP Securities raised their target price on Alkami Technology from $38.00 to $41.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Alkami Technology currently has an average rating of “Moderate Buy” and an average price target of $43.00.

Insider Buying and Selling

In related news, insider Douglas A. Linebarger sold 50,000 shares of Alkami Technology 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 sale, the insider now directly owns 191,668 shares in the company, valued at $7,676,303.40. The trade was a 20.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO W Bryan Hill sold 100,000 shares of the stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 353,841 shares of the company’s stock, valued at approximately $11,828,904.63. This trade represents a 22.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,536,639 shares of company stock valued at $139,955,172 over the last three months. Corporate 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.