Alkami Technology (NASDAQ:ALKT) Posts Earnings Results, Misses Expectations By $0.13 EPS

Alkami Technology (NASDAQ:ALKT) announced its earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13), Zacks reports. Alkami Technology had a negative net margin of 14.55% and a negative return on equity of 11.31%. The business had revenue of $89.66 million for the quarter, compared to analysts’ expectations of $89.63 million. Alkami Technology updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Alkami Technology Trading Up 6.5 %

Shares of ALKT stock opened at $30.84 on Friday. The stock’s fifty day moving average is $34.85 and its two-hundred day moving average is $34.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.52 and a current ratio of 3.52. The firm has a market capitalization of $3.10 billion, a P/E ratio of -65.62 and a beta of 0.47. Alkami Technology has a fifty-two week low of $22.65 and a fifty-two week high of $42.29.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ALKT shares. The Goldman Sachs Group increased their target price on Alkami Technology from $34.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their target price on Alkami Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Insider Buying and Selling at Alkami Technology

In other Alkami Technology news, CFO W Bryan Hill sold 17,807 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $38.37, for a total value of $683,254.59. Following the transaction, the chief financial officer now owns 353,841 shares in the company, valued at approximately $13,576,879.17. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Douglas A. Linebarger sold 50,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $40.05, for a total value of $2,002,500.00. Following the completion of the transaction, the insider now owns 191,668 shares in the company, valued at $7,676,303.40. The trade was a 20.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 283,298 shares of company stock worth $10,600,144. Corporate insiders own 25.90% of the company’s stock.

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.