Alkami Technology (NASDAQ:ALKT) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Alkami Technology (NASDAQ:ALKT) had its price target lowered by JPMorgan Chase & Co. from $14.00 to $13.00 in a report released on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other research analysts have also recently issued reports about the stock. KeyCorp cut shares of Alkami Technology from an “overweight” rating to a “sector weight” rating in a report on Thursday. Craig Hallum cut shares of Alkami Technology from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Thursday. Weiss Ratings restated a “sell (e+)” rating on shares of Alkami Technology in a report on Wednesday, September 2nd. Barclays cut their target price on shares of Alkami Technology from $21.00 to $15.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Finally, Citigroup lowered shares of Alkami Technology from a “market outperform” rating to a “market perform” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $17.60.

Alkami Technology Price Performance

NASDAQ ALKT opened at $12.40 on Thursday. Alkami Technology has a one year low of $12.10 and a one year high of $24.47. The stock has a 50-day moving average of $16.62 and a 200 day moving average of $17.27. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.13 and a current ratio of 2.13. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -36.47 and a beta of 0.60.

Alkami Technology (NASDAQ:ALKT) last posted its earnings results on Wednesday, October 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.26). The company had revenue of $134.91 million for the quarter, compared to the consensus estimate of $133.54 million. Alkami Technology had a negative net margin of 7.24% and a negative return on equity of 4.73%. Alkami Technology’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.14) EPS. On average, sell-side analysts forecast that Alkami Technology will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Alkami Technology

A number of institutional investors and hedge funds have recently made changes to their positions in ALKT. Sumitomo Mitsui Trust Group Inc. raised its holdings in Alkami Technology by 33.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 20,305 shares of the company’s stock worth $278,000 after purchasing an additional 5,130 shares during the period. Sterling Capital Management LLC lifted its position in Alkami Technology by 779.9% during the third quarter. Sterling Capital Management LLC now owns 2,103 shares of the company’s stock valued at $29,000 after purchasing an additional 1,864 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Alkami Technology by 17.8% during the third quarter. State of Alaska Department of Revenue now owns 5,748 shares of the company’s stock valued at $78,000 after purchasing an additional 870 shares during the period. Farther Finance Advisors LLC grew its holdings in Alkami Technology by 3,740.4% during the third quarter. Farther Finance Advisors LLC now owns 86,792 shares of the company’s stock valued at $1,188,000 after purchasing an additional 84,532 shares during the period. Finally, Congress Asset Management Co. grew its holdings in Alkami Technology by 22.9% during the third quarter. Congress Asset Management Co. now owns 511,425 shares of the company’s stock valued at $7,001,000 after purchasing an additional 95,449 shares during the period. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Key Headlines Impacting Alkami Technology

Here are the key news stories impacting Alkami Technology this week:

• Positive Sentiment: Alkami issued fourth-quarter 2026 revenue guidance of $139.7 million to $141.2 million, closely surrounding the $140.4 million consensus estimate. The outlook suggests expectations remain intact for the near term.
• Positive Sentiment: Third-quarter revenue reached $134.9 million, exceeding the approximately $133.5 million analyst estimate and increasing 19.4% from the prior-year period. Alkami Q3 revenue earnings flash
• Positive Sentiment: Needham maintained a “buy” rating, although it reduced its price target from $25 to $20, indicating substantial potential upside based on the reported reference price.
• Neutral Sentiment: JPMorgan lowered its price target from $14 to $13 and assigned an “underweight” rating, while Craig Hallum cut its rating from “buy” to “hold” with a $16 target. The targets remain above the recent trading level but reflect reduced confidence.
• Negative Sentiment: Third-quarter adjusted earnings were reported at $0.18 per share, below the Zacks consensus estimate of $0.22, although above the $0.13 earned a year earlier. The earnings shortfall is weighing on sentiment. Alkami Q3 earnings miss
• Negative Sentiment: Citizens downgraded Alkami from “outperform” to “market perform,” while KeyCorp and William Blair also moved their ratings to more cautious “sector weight” or “market perform” positions. Citizens reportedly cited a lack of clarity surrounding 2027 prospects.

About Alkami Technology

Alkami Technology, Inc provides cloud-based digital banking solutions for financial institutions, primarily community banks and credit unions in the United States. Its platform is designed to help institutions deliver digital experiences across online and mobile channels while managing customer relationships and banking operations.

The company’s products and services include digital account opening, online and mobile banking, payments, money movement, card management, financial wellness tools, data and analytics, marketing capabilities, and fraud prevention.