Alkami Technology
ALKT

$32.05

3.52%

Market Cap: $3.17B

About: Alkami Technology Inc is a cloud-based digital banking solutions provider. Alkami Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency with the support of a proprietary, true cloud-based, multi-tenant architecture.

Employees: 917

Information Technology Prepackaged Software

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

90% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 20

75% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 44

25% more call options, than puts

Call options by funds: $1.32M | Put options by funds: $1.05M

21% more capital invested

Capital invested by funds: $1.35B [Q1] → $1.63B (+$279M) [Q2]

12% more funds holding

Funds holding: 153 [Q1] → 171 (+18) [Q2]

1.85% more ownership

Funds ownership: 56.83% [Q1] → 58.68% (+1.85%) [Q2]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]

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Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$31

3%

downside

Avg. target

$36

12%

upside

High target

$43

34%

upside

9 analyst ratings

6 positive

67%

3 neutral

33%

0 negative

0%

Needham Mayank Tandon 72% 1-year accuracy 73 / 101 met price target	34%upside $43	Buy Maintained	1 Aug 2024
JMP Securities Patrick Walravens 43% 1-year accuracy 42 / 98 met price target	19%upside $38	Market Outperform Maintained	1 Aug 2024
Lake Street Jacob Stephan 25% 1-year accuracy 2 / 8 met price target	12%upside $36	Buy Maintained	1 Aug 2024
Goldman Sachs Adam Hotchkiss 77% 1-year accuracy 10 / 13 met price target	6%upside $34	Neutral Maintained	1 Aug 2024
Craig-Hallum Jeff Van Rhee 50% 1-year accuracy 4 / 8 met price target	19%upside $38	Buy Maintained	1 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about ALKT published over the past 30 days

Alkami Named to IDC FinTech Rankings Top 100 for 2024

IDC Financial Insights ranks top enterprises worldwide serving the financial services industry PLANO, Texas , Sept. 19, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced that it was categorized as a 2024 IDC FinTech Rankings Top 100 solution provider.

Alkami Named to IDC FinTech Rankings Top 100 for 2024

Alkami Hosts Banking Executive Masterclass on Preparing for Open Banking in the U.S.

Webinar explores how financial institutions can prepare, while educating employees and account holders PLANO, Texas , Sept. 11, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., recently held its latest webinar, " A Banking Executive Masterclass: Preparing for Open Banking in the United States ," which explores the impact of open banking on financial institutions and account holders, and delivers prescriptive guidance for bank and credit union executives on the path to preparation.

Alkami Hosts Banking Executive Masterclass on Preparing for Open Banking in the U.S.

Alkami Recognized on CNBC's 2024 World's Top 250 Fintech Companies List

Most recently, Alkami has been certified by J.D. Power for providing "An Outstanding Mobile Banking Platform Experience" for clients.

Alkami Recognized on CNBC's 2024 World's Top 250 Fintech Companies List

Alkami Market Study Reveals Differences in AI Outlook between Financial Institutions and Consumers

96% of financial institutions foresee AI playing a critical role in the next five years PLANO, Texas , Aug. 21, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today released commissioned research findings regarding the distinct perspectives on artificial intelligence (AI) held by regional and community financial institutions (RCFIs) compared to consumers, particularly in terms of its potential, use cases and adoption. The research revealed a disparity between these two groups, highlighting the dual task that financial institutions encounter when adopting AI: leveraging AI to enhance operational efficiencies and account holder satisfaction while navigating the complexities of data security, privacy concerns and ethical considerations.

Alkami Market Study Reveals Differences in AI Outlook between Financial Institutions and Consumers

Alkami Integrates Credential Stuffing Protection Into Its Digital Banking Platform

Product integration provides an enhanced digital banking user experience and improved security PLANO, Texas , Aug. 14, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced the implementation of its credential stuffing protection into its digital banking platform challenge-response authentication process. This feature automatically checks for human behavior in the background, without requiring visual puzzles or additional time spent, ensuring a seamless interaction for legitimate users.

Alkami Integrates Credential Stuffing Protection Into Its Digital Banking Platform

Alkami Announces Pricing of Secondary Offering of Common Stock by Selling Stockholders

PLANO, Texas , Aug. 9, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami" or the "Company"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced the pricing of the previously announced underwritten secondary offering (the "Offering") of an aggregate of 5,000,000 shares of the Company's common stock to be sold by entities affiliated with General Atlantic, L.P., S3 Ventures Fund III, L.P.

Alkami Announces Pricing of Secondary Offering of Common Stock by Selling Stockholders

Alkami Announces Launch of Proposed Secondary Offering of Common Stock by Selling Stockholders

PLANO, Texas , Aug. 8, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami" or the "Company"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced the launch of an underwritten secondary offering (the "Offering") of an aggregate of 5,000,000 shares of the Company's common stock to be sold by entities affiliated with General Atlantic, L.P., S3 Ventures Fund III, L.P.

Alkami Announces Launch of Proposed Secondary Offering of Common Stock by Selling Stockholders

Alkami's Soaring Stock: Growth Story Or Fully Valued?

Alkami Technology reported Q2 2024 results, beating revenue estimates but matching earnings estimates. The global core banking software market is expected to reach $22.2 billion by 2030 with a CAGR of 9.3%. Alkami's financial trends show revenue growth, reduced operating losses, and slightly improved Rule of 40 performance.

Alkami's Soaring Stock: Growth Story Or Fully Valued?

Alkami Technology, Inc. (ALKT) Q2 2024 Earnings Call Transcript

Alkami Technology, Inc. (NASDAQ:ALKT ) Q2 2024 Earnings Call July 31, 2024 5:00 PM ET Company Participants Steve Calk - Vice President, Investor Relations Alex Shootman - Chief Executive Officer Bryan Hill - Chief Financial Officer Conference Call Participants Chris Kennedy - William Blair Mayank Tandon - Needham Pat Walravens - JMP Securities Jacob Stephan - Lake Street Andrew Schmidt - Citi Operator Good afternoon, ladies and gentlemen, and welcome to the Alkami Technology's Second Quarter 2024 Financial Results Conference Call. [Operator Instructions] I'd like to turn the conference over to Steve Calk, Vice President of Investor Relations.

Alkami Technology, Inc. (ALKT) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Alkami Technology (ALKT) Q2 Earnings and Revenues Top Estimates

Alkami Technology (ALKT) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.03 per share a year ago.

Alkami Technology (ALKT) Q2 Earnings and Revenues Top Estimates

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