Long Path Partners LP Purchases 392,934 Shares of Alkami Technology, Inc. $ALKT

Long Path Partners LP raised its position in Alkami Technology, Inc. (NASDAQ:ALKT) by 57.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,078,466 shares of the company’s stock after acquiring an additional 392,934 shares during the period. Alkami Technology comprises 11.0% of Long Path Partners LP’s portfolio, making the stock its 4th biggest position. Long Path Partners LP’s holdings in Alkami Technology were worth $32,505,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Alkami Technology by 27.6% in the second quarter. Blue Trust Inc. now owns 1,852 shares of the company’s stock valued at $56,000 after purchasing an additional 401 shares during the last quarter. Covestor Ltd grew its holdings in shares of Alkami Technology by 18.8% in the 1st quarter. Covestor Ltd now owns 3,252 shares of the company’s stock valued at $85,000 after acquiring an additional 514 shares in the last quarter. Amundi boosted its position in Alkami Technology by 1.9% during the first quarter. Amundi now owns 29,040 shares of the company’s stock valued at $731,000 after purchasing an additional 548 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Alkami Technology by 32.4% in the first quarter. Advisors Asset Management Inc. now owns 2,425 shares of the company’s stock valued at $64,000 after purchasing an additional 594 shares in the last quarter. Finally, CWM LLC increased its position in shares of Alkami Technology by 176.2% during the 2nd quarter. CWM LLC now owns 942 shares of the company’s stock worth $28,000 after purchasing an additional 601 shares during the last quarter. 54.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ALKT shares. JPMorgan Chase & Co. decreased their target price on shares of Alkami Technology from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Zacks Research lowered shares of Alkami Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Needham & Company LLC cut their target price on shares of Alkami Technology from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Citizens Jmp lowered their price target on Alkami Technology from $46.00 to $40.00 and set a “market outperform” rating on the stock in a research report on Friday, October 31st. Finally, Barclays dropped their price objective on Alkami Technology from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.00.

Alkami Technology Stock Down 2.5%

Alkami Technology stock opened at $20.79 on Tuesday. Alkami Technology, Inc. has a twelve month low of $18.71 and a twelve month high of $40.99. The stock has a market cap of $2.18 billion, a P/E ratio of -48.35 and a beta of 0.55. The company’s 50-day moving average price is $22.33 and its two-hundred day moving average price is $25.28. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.08.

Alkami Technology (NASDAQ:ALKT) last announced its earnings results on Thursday, October 30th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.29). The firm had revenue of $112.95 million for the quarter, compared to the consensus estimate of $113.48 million. Alkami Technology had a negative return on equity of 5.73% and a negative net margin of 10.63%.Alkami Technology’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.09) EPS. Alkami Technology has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts expect that Alkami Technology, Inc. will post -0.34 EPS for the current year.

Alkami Technology Company Profile

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.