Alkami Technology, Inc. is a leading cloud-based digital banking solutions provider for financial institutions in the U.S. that offers digital banking and fraud protection services to more than 225 banks and credit unions. Alkami's bold investments in people and technology enable remarkable financial institutions to grow confidently, adapt quickly and build thriving digital communities. Alkami was recognized in 2018, 2019 and 2020 as a Deloitte Technology Fast 500 company in North America.
Company profile
Ticker
ALKT
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Microsoft • Oracle • BlackBerry • NortonLifeLock • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee • Electronic Arts ...
Former names
ALKAMI TECHNOLOGY, INC,
SEC CIK
Corporate docs
Subsidiaries
Alkami ACH Alert, LLC • Alkami MK, LLC ...
IRS number
453060776
ALKT stock data
News
Citigroup Maintains Buy on Alkami Technology, Lowers Price Target to $18
21 Jun 22
Alkami To Offer Array Products To Client Base
9 Jun 22
Barclays Maintains Equal-Weight on Alkami Technology, Lowers Price Target to $15
9 May 22
Stocks That Hit 52-Week Lows On Friday
6 May 22
10 Biggest Price Target Changes For Friday
6 May 22
Press releases
New Alkami Report Reveals Generational Trends Driving Rapid Change in Digital Banking
14 Jun 22
Alkami and Array Form Partnership to Help Banks and Credit Unions Increase Digital Engagement
9 Jun 22
New Alkami and Cornerstone Advisors Report Reveals Key Metrics for Banks and Credit Unions to Measure and Manage for Digital Success
1 Jun 22
Alkami to Present at Upcoming Investor Conferences
16 May 22
New Alkami Report Uncovers Opportunities for Financial Institutions to Enhance Relationships with Small Businesses Post COVID
11 May 22
Analyst ratings and price targets
Current price
Average target
$16.67
Low target
$15.00
High target
$18.00
Citigroup
Maintains
$18.00
Barclays
Maintains
$15.00
Needham
Maintains
$17.00
Investment data
Securities sold
Number of investors
Calendar
6 May 22
29 Jun 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Annual (USD) | Dec 21 | |
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Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 191.67M | 191.67M | 191.67M | 191.67M | 191.67M | 191.67M |
Cash burn (monthly) | 40.43M | (no burn) | 4.44M | 4.08M | 2.76M | 2.94M |
Cash used (since last report) | 119.91M | n/a | 13.17M | 12.09M | 8.2M | 8.72M |
Cash remaining | 71.76M | n/a | 178.5M | 179.57M | 183.47M | 182.94M |
Runway (months of cash) | 1.8 | n/a | 40.2 | 44.0 | 66.4 | 62.2 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Jun 22 | Stephen Bohanon | Common Stock | Sell | Dispose S | No | No | 13.8089 | 24,232 | 334.62K | 382,567 |
2 Jun 22 | W Bryan Hill | Common Stock | Sell | Dispose S | No | No | 14.37 | 2,889 | 41.51K | 195,685 |
2 Jun 22 | Kristy Ramundi | Common Stock | Sell | Dispose S | No | No | 14.37 | 320 | 4.6K | 101,847 |
2 Jun 22 | Stephen Bohanon | Common Stock | Sell | Dispose S | No | No | 14.37 | 6,225 | 89.45K | 406,799 |
2 Jun 22 | Douglas A. Linebarger | Common Stock | Sell | Dispose S | No | No | 14.37 | 1,166 | 16.76K | 91,509 |
31 May 22 | Douglas A. Linebarger | Common Stock | Sell | Dispose S | No | No | 13.8689 | 6,000 | 83.21K | 92,675 |
31 May 22 | Douglas A. Linebarger | Common Stock | Option exercise | Acquire M | No | No | 0.92 | 6,000 | 5.52K | 98,675 |
31 May 22 | Douglas A. Linebarger | Stock Option Common Stock | Option exercise | Dispose M | No | No | 0.92 | 6,000 | 5.52K | 54,000 |
20 May 22 | Alex Shootman | Common Stock | Grant | Acquire A | No | No | 11.4884 | 21,740 | 249.76K | 1,045,904 |
19 May 22 | Alex Shootman | Common Stock | Buy | Acquire P | No | No | 11.1268 | 22,468 | 250K | 1,024,164 |
Institutional ownership, Q1 2022
81.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 83 |
Opened positions | 19 |
Closed positions | 17 |
Increased positions | 22 |
Reduced positions | 28 |
13F shares | Current |
---|---|
Total value | 1.24B |
Total shares | 74.07M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
General Atlantic | 18.73M | $268.02M |
S3 Ventures Fund III | 18.53M | $371.77M |
ARG Private Equity II | 12.61M | $252.92M |
D1 Capital Partners | 5.09M | $72.91M |
Vanguard | 2.84M | $40.66M |
Massachusetts Financial Services | 2.35M | $33.64M |
Long Path Partners Fund | 1.77M | $25.3M |
BEN Franklin Resources | 1.53M | $21.92M |
BLK Blackrock | 1.45M | $20.78M |
Bamco | 1.2M | $17.23M |
Financial report summary
?Competition
NCRManagement Discussion
- (1) Acquisition-related expenses, net include the accrual of deferred compensation due to the former owner of ACH Alert, in addition to acquisition related-expenses associated with the purchase of MK and Segmint, primarily related to legal, consulting, and professional fees. These expenses are offset by the $2.7 million gain on contingent consideration related to the purchase of MK.
- (2) Adjusted EBITDA is a non-GAAP financial measure and should not be considered an alternative to GAAP net loss as a measure of operating performance or as a measure of liquidity. For additional information regarding adjusted EBITDA, see “Key Business Metrics.”
Content analysis
?Positive | ||
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Constraining | ||
Legalese | ||
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Readability |
H.S. freshman Avg
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New words:
actuarial, Agency, assessment, bore, broaden, Canadian, carryback, carryforward, charter, Commerce, contemporaneously, director, evidence, feasible, fluctuation, Government, Guarantee, guaranteed, holding, Imperial, inclusive, indemnification, infection, intention, isolation, merged, merger, messaging, misappropriating, NOL, objective, online, Overnight, privacy, promised, proper, prudent, reaching, realizability, realization, recruiting, regularly, relevant, replenish, revaluation, scheduled, Segmint, short, SOFR, sublease, sweep, taxable, threshold, tradeshow, uncertainty, understand, understanding, unpredictable, unrealized
Removed:
absence, acceptance, accurately, adequate, affiliated, allocate, allocation, apparent, applying, approval, approved, arrangement, assumption, authorized, award, awarded, begin, behalf, billing, certificate, Chief, Clark, closely, collected, collection, Commission, committee, complementary, complimentary, consolidation, consumer, converted, Cooperative, criticality, CU, declared, deductible, demand, derived, designated, determination, discount, discounting, dividend, downturn, effectively, employed, enhanced, ensure, ESPP, evergreen, excluding, exercisable, expansion, expiration, expired, File, finalized, foreseeable, forfeited, forfeiture, Goldman, governmental, grant, granted, highlight, identify, iii, implied, inability, incentive, incorporation, initiated, insignificant, instrument, integrate, interdependency, interpolation, interrelation, issuable, issue, judgement, Jumpstart, lesser, live, lockbox, making, member, mentioned, met, minimize, Morgan, nearest, occur, offer, offered, operate, order, penetrate, perform, political, presently, President, prevent, ratable, readily, reduced, refreshed, refusal, registration, regulatory, relating, representative, repurchased, reserve, reserved, resold, respond, Section, selling, simplified, Standalone, standing, stated, stockholder, subjective, terminated, thereof, thereto, Todd, turnover, unauthorized, vendor, vest, vesting
Current reports
8-K
Submission of Matters to a Vote of Security Holders
20 May 22
8-K
Alkami Announces First Quarter 2022 Financial Results
4 May 22
8-K
Entry into a Material Definitive Agreement
2 May 22
8-K
Completion of Acquisition or Disposition of Assets
25 Apr 22
8-K
Alkami to Acquire Segmint, Inc., Leading Financial Data Analytics and Transaction Cleansing Provider
28 Mar 22
8-K
Alkami Announces Fourth Quarter 2021 Financial Results
23 Feb 22
8-K
Alkami Announces Third Quarter 2021 Financial Results
4 Nov 21
8-K
Alkami Announces Acquisition of Digital Account Opening and Loan Origination Provider MK Decision
13 Sep 21
8-K
Alkami Announces Second Quarter 2021 Financial Results
4 Aug 21
8-K
Alkami Announces First Quarter 2021 Financial Results
11 May 21
Registration and prospectus
S-8
Registration of securities for employees
21 Mar 22
S-8
Registration of securities for employees
16 Apr 21
424B4
Prospectus supplement with pricing info
15 Apr 21
8-A12B
Registration of securities on exchange
9 Apr 21
FWP
Free writing prospectus
9 Apr 21
S-1/A
IPO registration (amended)
5 Apr 21
S-1
IPO registration
10 Mar 21
DRS/A
Draft registration statement (amended)
21 Jan 21
Other
EFFECT
Notice of effectiveness
14 Apr 21
CERT
Certification of approval for exchange listing
13 Apr 21
CORRESP
Correspondence with SEC
8 Apr 21
CORRESP
Correspondence with SEC
8 Apr 21
CORRESP
Correspondence with SEC
28 Mar 21
UPLOAD
Letter from SEC
23 Mar 21
CORRESP
Correspondence with SEC
21 Mar 21
UPLOAD
Letter from SEC
7 Jan 21
Ownership
4
ALKAMI TECHNOLOGY / Stephen Bohanon ownership change
6 Jun 22
4
ALKAMI TECHNOLOGY / Kristy Ramundi ownership change
6 Jun 22
4
ALKAMI TECHNOLOGY / W BRYAN HILL ownership change
6 Jun 22
4
ALKAMI TECHNOLOGY / Douglas A. Linebarger ownership change
2 Jun 22
4
ALKAMI TECHNOLOGY / Alex Shootman ownership change
24 May 22
4
ALKAMI TECHNOLOGY / Barbara A. Yastine ownership change
20 May 22
4
ALKAMI TECHNOLOGY / Gary Lynn Nelson ownership change
20 May 22
4
ALKAMI TECHNOLOGY / Merline Saintil ownership change
20 May 22
4
ALKAMI TECHNOLOGY / CHARLES KANE ownership change
20 May 22
4
ALKAMI TECHNOLOGY / Steven R Mitchell ownership change
20 May 22
Patents
Utility
Systems and Methods for Providing Ach Transaction Notification and Facilitating Ach Transaction Disputes
18 Nov 21
A system and method for identifying incoming ACH transactions involving subscriber accounts at a financial institution, comparing the ACH transaction details with preset notification criteria, suspending any ACH transaction that satisfy the preset criteria so that the transaction does not post to the account, notifying the subscriber of the incoming ACH transaction, providing the subscriber with the option to either authorize or dispute the ACH transaction, and facilitating the dispute process according to applicable banking rules by requesting further information from the subscriber and forwarding the dispute information to the ACH operator.
Utility
Systems and methods for providing ACH transaction notification and facilitating ACH transaction disputes
1 Jun 21
A system and method for identifying incoming ACH transactions involving subscriber accounts at a financial institution, comparing the ACH transaction details with preset notification criteria, suspending any ACH transaction that satisfy the preset criteria so that the transaction does not post to the account, notifying the subscriber of the incoming ACH transaction, providing the subscriber with the option to either authorize or dispute the ACH transaction, and facilitating the dispute process according to applicable banking rules by requesting further information from the subscriber and forwarding the dispute information to the ACH operator.
Reddit threads
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - May 4th, 2022
4 May 22
Daily Discussion Thread - February 23rd, 2022
23 Feb 22
Daily Discussion Thread - February 22nd, 2022
22 Feb 22
Daily Discussion Thread - February 21st, 2022
21 Feb 22
Daily Discussion Thread - February 16th, 2022
16 Feb 22
Daily Discussion Thread - February 15th, 2022
15 Feb 22
Daily Discussion Thread - February 14th, 2022
14 Feb 22
Daily Discussion Thread - February 10th, 2022
10 Feb 22
Daily Discussion Thread - February 9th, 2022
9 Feb 22