Barclays analyst Saket Kalia maintained a Hold rating on Alkami Technology (ALKT – Research Report) today and set a price target of $27.00. The company’s shares closed yesterday at $23.80.
Kalia covers the Technology sector, focusing on stocks such as Autodesk, Adobe, and Palo Alto Networks. According to TipRanks, Kalia has an average return of 15.4% and a 60.00% success rate on recommended stocks.
Currently, the analyst consensus on Alkami Technology is a Moderate Buy with an average price target of $29.29.
Based on Alkami Technology’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $71.37 million and a GAAP net loss of $12.71 million. In comparison, last year the company earned a revenue of $55.54 million and had a GAAP net loss of $4.91 million
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALKT in relation to earlier this year. Last month, Bryan Hill, the CFO of ALKT sold 50,000.00 shares for a total of $1,187,000.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Alkami Technology (ALKT) Company Description:
Alkami Technology Inc is a cloud-based digital banking platform. It provides financial institutions a complete digital banking solution ready to facilitate both retail and business user onboarding, engagement, and account servicing.
