Alkami Technology, Inc. offers a cloud-based digital banking platform to serve banks and credit unions in the United States. The company's platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietary, cloud-based, multi-tenant architecture. It offers an end- to- end set of software products, which include Alkami Platform, Retail Banking Solutions, Business Banking Solutions, and The Alkami Difference. The company was founded in 2009 and is headquartered in Plano, Texas.
IPO Year: 2021
Exchange: NASDAQ
Website: alkami.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/23/2024 | $23.00 → $27.00 | Buy → Neutral | Goldman |
12/7/2023 | $22.00 → $24.00 | Overweight → Equal-Weight | Stephens |
7/12/2023 | $21.00 | Buy | Goldman |
6/27/2023 | $21.00 | Buy | Lake Street |
6/8/2023 | $25.00 | Buy | Craig Hallum |
5/9/2023 | $15.00 | Overweight | JP Morgan |
9/15/2022 | $18.00 | Overweight | Stephens |
2/24/2022 | $40.00 → $22.00 | Buy | Needham |
1/25/2022 | $35.00 → $20.00 | Overweight | Keybanc |
1/19/2022 | $33.00 → $19.00 | Equal-Weight | Barclays |
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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.
Most recently, Alkami has been certified by J.D. Power for providing "An Outstanding Mobile Banking Platform Experience" for clients. PLANO, Texas, Aug. 27, 2024 /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 inclusion on the 2024 World's Top 250 Fintech Companies List, an annual list prepared by CNBC in partnership with Statista. The list includes the top fintech companies across eight categories, of which Alkami was named in Banking Solutions.
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 t
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.
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., George B. Kaiser and Brian R. Smith (collectively, the "Selling Stockholders"). The Offering is expected to close on August 12, 2024, subject to the satisfaction of customary closing conditions. The underwriter has a 30-day option
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., George B. Kaiser and Brian R. Smith (collectively, the "Selling Stockholders"). The Selling Stockholders also expect to grant to the underwriter an option, exercisable for 30 days, to purchase up to an additional 750,000 shares of the Company's common st
RICHARDSON, Texas, Aug. 6, 2024 /PRNewswire/ -- Texans Credit Union (Texans), a premier credit union in North Texas, proudly announces the launch of Atomic Financial's (Atomic) direct deposit switching solution in partnership with Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S. This integration seamlessly incorporates Atomic's market-leading technology and Alkami's Digital Banking Platform, empowering Texans' members to manage and transition their direct deposits with enhanced ef
PLANO, Texas, July 31, 2024 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced results for its first quarter ending June 30, 2024. Second Quarter 2024 Financial Highlights GAAP total revenue of $82.2 million, an increase of 24.9% compared to the year-ago quarter;GAAP gross margin of 59.4%, compared to 53.9% in the year-ago quarter;Non-GAAP gross margin of 63.2%, compared to 58.7% in the year-ago quarter;GAAP net loss of $(12.3) million, compared to $(17.8) million in the year-ago quarter; andAdjusted EBITDA of $4.6 million, compared to a loss of $(2.5) million in t
PLANO, Texas, July 18, 2024 /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 plans to report financial results for its second quarter ended June 30, 2024 on Wednesday, July 31, 2024, after the market close. Alkami will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the "News & Events'' page of the Alkami investor relations website at investors.alkami.com. In addition, a live dial-in will be available domestically at 1-800-836-8184 and internationally at
Distinction places Alkami in the top quintile of all companies assessed by J.D. Power mobile experience benchmark PLANO, Texas, July 15, 2024 /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 Alkami's Mobile Banking Platform is certified by J.D. Power for providing clients with "An Outstanding Mobile Banking Platform Experience." Alkami is the first digital banking solutions provider to earn the distinction, requiring it to score within the top
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JMP Securities analyst Patrick Walravens maintains Alkami Technology (NASDAQ:ALKT) with a Market Outperform and raises the price target from $30 to $35.
Alkami Technology (NASDAQ:ALKT) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 1 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 1 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $31.2, with a high estimate of $32.00 and a low estimate of $30.00. Surpassing the previous average price t
Barclays analyst Saket Kalia maintains Alkami Technology (NASDAQ:ALKT) with a Equal-Weight and raises the price target from $28 to $31.
During the last three months, 4 analysts shared their evaluations of Alkami Technology (NASDAQ:ALKT), revealing diverse outlooks from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 0 1 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $31.25, with a high estimate of $32.00 and a low estimate of $30.00. Witnessing a positive shift,
Needham analyst Mayank Tandon reiterates Alkami Technology (NASDAQ:ALKT) with a Buy and maintains $32 price target.
Craig-Hallum analyst Jeff Van Rhee maintains Alkami Technology (NASDAQ:ALKT) with a Buy and raises the price target from $30 to $31.
Across the recent three months, 6 analysts have shared their insights on Alkami Technology (NASDAQ:ALKT), expressing a variety of opinions spanning from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 2 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Alkami Technology, presenting an average target of $30.0, a high estimate of $32.00, and a low estimate of $
Needham analyst Mayank Tandon maintains Alkami Technology (NASDAQ:ALKT) with a Buy and raises the price target from $30 to $32.
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PLANO, Texas, July 31, 2024 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced results for its first quarter ending June 30, 2024. Second Quarter 2024 Financial Highlights GAAP total revenue of $82.2 million, an increase of 24.9% compared to the year-ago quarter;GAAP gross margin of 59.4%, compared to 53.9% in the year-ago quarter;Non-GAAP gross margin of 63.2%, compared to 58.7% in the year-ago quarter;GAAP net loss of $(12.3) million, compared to $(17.8) million in the year-ago quarter; andAdjusted EBITDA of $4.6 million, compared to a loss of $(2.5) million in t
PLANO, Texas, July 18, 2024 /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 plans to report financial results for its second quarter ended June 30, 2024 on Wednesday, July 31, 2024, after the market close. Alkami will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the "News & Events'' page of the Alkami investor relations website at investors.alkami.com. In addition, a live dial-in will be available domestically at 1-800-836-8184 and internationally at
PLANO, Texas, May 01, 2024 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced results for its first quarter ending March 31, 2024. First Quarter 2024 Financial Highlights GAAP total revenue of $76.1 million, an increase of 26.9% compared to the year-ago quarter;GAAP gross margin of 57.8%, compared to 53.6% in the year-ago quarter;Non-GAAP gross margin of 61.7%, compared to 58.1% in the year-ago quarter;GAAP net loss of $(11.4) million, compared to $(17.0) million in the year-ago quarter; andAdjusted EBITDA of $3.8 million, compared to a loss of $(2.9) millio
PLANO, Texas, April 19, 2024 (GLOBE NEWSWIRE) -- 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 plans to report financial results for its first quarter ended March 31, 2024 on Wednesday, May 1, 2024, after the market close. Alkami will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the "News & Events'' page of the Alkami investor relations website at investors.alkami.com. In addition, a live dial-in will be available domestically at 1-800-836-8184 and internationall
PLANO, Texas, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced results for its fourth quarter and full year ending December 31, 2023. Fourth Quarter 2023 Financial Highlights GAAP total revenue of $71.4 million, an increase of 29% compared to the year-ago quarter;GAAP gross margin of 56%, compared to 52% in the year-ago quarter;Non-GAAP gross margin of 60%, compared to 56% in the year-ago quarter;GAAP net loss of $(12.7) million, compared to $(4.9) million in the year-ago quarter; andAdjusted EBITDA of $3.1 million, co
PLANO, Texas, Feb. 14, 2024 (GLOBE NEWSWIRE) -- 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 plans to report financial results for its fourth quarter ended December 31, 2023 on Wednesday, February 28, 2024, after the market close. Alkami will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the "News & Events'' page of the Alkami investor relations website at investors.alkami.com. In addition, a live dial-in will be available domestically at 1-800-836-8184 and inter
PLANO, Texas, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced results for its third quarter ending September 30, 2023. Third Quarter 2023 Financial Highlights GAAP total revenue of $67.7 million, an increase of 27% compared to the year-ago quarter;GAAP gross margin of 54.0%, compared to 51.6% in the year-ago quarter;Non-GAAP gross margin of 58.7%, compared to 56.8% in the year-ago quarter;GAAP net loss of ($15.4) million, compared to ($20.0) million in the year-ago quarter; andAdjusted EBITDA of $0.8 million, compared to a loss of ($4.6) mil
PLANO, Texas, Oct. 19, 2023 (GLOBE NEWSWIRE) -- 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 plans to report financial results for its third quarter 2023 on Wednesday, November 1, 2023, after the market close. Alkami Technology, Inc. will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the "News & Events'' page of the Alkami investor relations website at investors.alkami.com. In addition, a live dial-in will be available domestically at 1-844-746-0738 and interna
PLANO, Texas, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for U.S. banks and credit unions, today announced results for its second quarter ending June 30, 2023. Second Quarter 2023 Financial Highlights GAAP total revenue of $66 million, an increase of 30% compared to the year-ago quarter;GAAP gross margin of 54%, compared to 54% in the year-ago quarter;Non-GAAP gross margin of 59%, compared to 58% in the year-ago quarter;GAAP net loss of $(18) million, compared to $(20) million in the year-ago quarter; andAdjusted EBITDA loss of $(3) million, compared to $(5) million in the year-ago quarter.
PLANO, Texas, July 24, 2023 (GLOBE NEWSWIRE) -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for U.S. banks and credit unions, today announced that it plans to report financial results for its second quarter ended June 30, 2023 on Wednesday, August 2, 2023, after the market close. Alkami Technology, Inc. will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the "News & Events" page of the Alkami investor relations website at investors.alkami.com. In addition, a live dial-in will be available domestically at 1-877-870-4263 an
Goldman downgraded Alkami Technology from Buy to Neutral and set a new price target of $27.00 from $23.00 previously
Stephens downgraded Alkami Technology from Overweight to Equal-Weight and set a new price target of $24.00 from $22.00 previously
Goldman initiated coverage of Alkami Technology with a rating of Buy and set a new price target of $21.00
Lake Street initiated coverage of Alkami Technology with a rating of Buy and set a new price target of $21.00
Craig Hallum initiated coverage of Alkami Technology with a rating of Buy and set a new price target of $25.00
JP Morgan initiated coverage of Alkami Technology with a rating of Overweight and set a new price target of $15.00
Stephens initiated coverage of Alkami Technology with a rating of Overweight and set a new price target of $18.00
Needham reiterated coverage of Alkami Technology with a rating of Buy and set a new price target of $22.00 from $40.00 previously
Keybanc reiterated coverage of Alkami Technology with a rating of Overweight and set a new price target of $20.00 from $35.00 previously
Barclays reiterated coverage of Alkami Technology with a rating of Equal-Weight and set a new price target of $19.00 from $33.00 previously