Alkami TechnologyALKT
ALKT
About: Alkami Technology Inc is a cloud-based digital banking solutions provider. The company's solution, the Alkami Digital Banking Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency, all with the support of a proprietary, true cloud-based, multi-tenant architecture.
Employees: 938
0
Funds holding %
of 7,398 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
3,208% more call options, than puts
Call options by funds: $6.42M | Put options by funds: $194K
265% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 17
100% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 4 (+2) [Q4]
78% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 55
34% more capital invested
Capital invested by funds: $1.99B [Q3] → $2.67B (+$676M) [Q4]
21% more funds holding
Funds holding: 201 [Q3] → 244 (+43) [Q4]
8.75% more ownership
Funds ownership: 63.6% [Q3] → 72.36% (+8.75%) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$32
21%
upside
Avg. target
$36
34%
upside
High target
$40
51%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Stephens & Co. Charles Nabhan 47% 1-year accuracy 14 / 30 met price target | 51%upside $40 | Overweight Upgraded | 13 Mar 2025 |
Goldman Sachs Adam Hotchkiss 57% 1-year accuracy 12 / 21 met price target | 21%upside $32 | Neutral Maintained | 3 Mar 2025 |
Barclays Saket Kalia 53% 1-year accuracy 27 / 51 met price target | 32%upside $35 | Equal-Weight Maintained | 3 Mar 2025 |
Financial journalist opinion
Based on 6 articles about ALKT published over the past 30 days
Neutral
PRNewsWire
4 days ago
Alkami Research Studies Reveal Industry Perceptions on Fraud Prevention and Data Protection
Studies show banks and credit unions need to enhance prevention strategies; consumers want data protection in their digital banking experience PLANO, Texas , March 28, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today the findings of research that examined both financial institutions' evolving approach to fraud prevention and consumers perceptions on data protection within the digital banking experience. Fraud losses reported by consumers and companies in 2024 totaled more than $12.5 billion, a 25% increase over losses reported in 2023.
Neutral
PRNewsWire
6 days ago
Alkami and Greenlight Partner to Bring Youth Banking to Financial Services
The technology empowers kids and teens with innovative money management tools and financial education, while also helping financial institutions grow deposits PLANO, Texas , March 26, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today its partnership with Greenlight Financial Technology, Inc. ("Greenlight") , a leading family fintech company that empowers kids and teens with smart money management skills. With money habits forming as early as age seven , Greenlight's family finance application (app) can give kids and teens hands-on money management interactions with parental supervision, while providing a channel for banks and credit unions to grow deposit accounts.
Neutral
PRNewsWire
1 week ago
Alkami Customers Including Gate City Bank Strengthen Fraud Prevention with BioCatch
The Alkami-BioCatch partnership has prevented millions of dollars in fraudulent transactions in 2024 PLANO, Texas , March 19, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that its clients leveraging BioCatch's fraud prevention solutions through the Alkami Digital Banking Platform stopped more than $54 million in fraudulent transactions in 2024. "Alkami takes a strategic, multi-layered approach to fraud prevention, and BioCatch is a valuable component in helping financial institutions detect and stop emerging threats," said Brad Cranford, director of product management at Alkami.
Neutral
PRNewsWire
3 weeks ago
Alkami Announces Pricing of $300 Million Convertible Senior Notes Offering
PLANO, Texas , March 10, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced the pricing of its offering of $300,000,000 aggregate principal amount of 1.50% convertible senior notes due 2030 (the "notes") in a private offering (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The issuance and sale of the notes are scheduled to settle on March 13, 2025, subject to customary closing conditions.
Neutral
PRNewsWire
3 weeks ago
Alkami Announces Launch of Proposed $300,000,000 Convertible Senior Notes Offering
PLANO, Texas , March 10, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced its intention to offer, subject to market and other conditions, $300,000,000 aggregate principal amount of convertible senior notes due 2030 (the "notes") in a private offering (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Alkami also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $45,000,000 aggregate principal amount of the notes.
Neutral
PRNewsWire
3 weeks ago
American Eagle Financial Credit Union Enhances Digital Banking with Alkami's Sales & Service Platform
Focused on innovation and member financial wellness, AEFCU will deliver a streamlined and personalized digital experience PLANO, Texas , March 5, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that Connecticut-based American Eagle Financial Credit Union (AEFCU or American Eagle), has signed on to leverage the innovation and user experience in Alkami's Digital Banking Platform. This partnership reflects AEFCU's dedication to enhancing its digital-first strategy and creating an exceptional, member-centered digital banking experience.
Neutral
Seeking Alpha
1 month ago
Alkami Technology, Inc. (ALKT) Q4 2024 Earnings Call Transcript
Alkami Technology, Inc. (NASDAQ:ALKT ) Q4 2024 Earnings Conference Call February 27, 2025 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 Patrick Walravens - Citizens JMP Chris Kennedy - William Blair Adam Hotchkiss - Goldman Sachs Alice Smith - JPMorgan Daniel Hibshman - Craig-Hallum Capital Group Operator Good afternoon, ladies and gentlemen. And welcome to the Alkami Technology Fourth Quarter 2024 Financial Results Conference Call.
Positive
Zacks Investment Research
1 month ago
Alkami Technology (ALKT) Q4 Earnings and Revenues Top Estimates
Alkami Technology (ALKT) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.03 per share a year ago.
Neutral
PRNewsWire
1 month ago
Alkami to Acquire MANTL to Expand Account Opening Capabilities
Combination Creates Powerhouse Digital Sales and Service Platform PLANO, Texas , Feb. 27, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that it signed a definitive agreement to acquire Fin Technologies, Inc. ("MANTL") for an enterprise value of $400 million, on a debt free, cash free basis and subject to customary purchase price adjustments, expected to be $7 million. Alkami plans to fund the acquisition with cash of approximately $380 million and restricted stock units issued to continuing MANTL employees with an estimated value of $13 million at transaction closing in replacement for unvested compensatory stock options.
Neutral
PRNewsWire
1 month ago
Alkami Announces Fourth Quarter 2024 Financial Results
Alkami Today Also Announced Its Intent to Acquire MANTL PLANO, Texas , Feb. 27, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions (FIs) in the U.S., today announced results for its fourth quarter ending December 31, 2024. Fourth Quarter 2024 Financial Highlights GAAP total revenue of $89.7 million, an increase of 25.6% compared to the year-ago quarter; GAAP gross margin of 59.3%, compared to 56.0% in the year-ago quarter; Non-GAAP gross margin of 63.1%, compared to 60.3% in the year-ago quarter; GAAP net loss of $(7.6) million, compared to $(12.7) million in the year-ago quarter; and Adjusted EBITDA of $10.2 million, compared to $3.1 million in the year-ago quarter.
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