Alkami Technology (ALKT)

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

Incorporated

Location

Fiscal year end

Sector

Information > Software Publishers

Industry (SIC)

Services - Prepackaged Software

Microsoft • Oracle • BlackBerry • NortonLifeLock • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee • Electronic Arts ...

Former names

ALKAMI TECHNOLOGY, INC,

SEC CIK

0001529274

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Alkami ACH Alert, LLC • Alkami MK, LLC ...

IRS number

453060776

ALKT stock data

1M 1Y 5Y

News

From Benzinga Pro

Citigroup Maintains Buy on Alkami Technology, Lowers Price Target to $18

21 Jun 22

Citigroup analyst Andrew Schmidt maintains Alkami Technology (NASDAQ:ALKT) with a Buy and lowers the price target from $32 to $18.

Alkami To Offer Array Products To Client Base

9 Jun 22

Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., today announced a partnership with Array, a

Barclays Maintains Equal-Weight on Alkami Technology, Lowers Price Target to $15

9 May 22

Barclays analyst Saket Kalia maintains Alkami Technology (NASDAQ:ALKT) with a Equal-Weight and lowers the price target from $17 to $15.

Stocks That Hit 52-Week Lows On Friday

6 May 22

10 Biggest Price Target Changes For Friday

6 May 22

Press releases

From Benzinga Pro

New Alkami Report Reveals Generational Trends Driving Rapid Change in Digital Banking

14 Jun 22

PLANO, Texas, June 14, 2022 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced the

Alkami and Array Form Partnership to Help Banks and Credit Unions Increase Digital Engagement

9 Jun 22

Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., today announced a partnership with Array, a leading financial

New Alkami and Cornerstone Advisors Report Reveals Key Metrics for Banks and Credit Unions to Measure and Manage for Digital Success

1 Jun 22

Research provides context and framework for identifying appropriate metrics for financial institutions to track PLANO, Texas, June 1, 2022 /PRNewswire/ -- Alkami Technology, Inc. (NASDAQ:ALKT) ("Alkami"), a

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

Last 3 months

Average target

$16.67

Low target

$15.00

High target

$18.00

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

6 May 22

29 Jun 22

31 Dec 22

Financial summary

Financial statements Chart ALKT financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21
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

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

ALKT insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

ALKT institutional ownership history Ownership history

81.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	83	81	+2.5%
Opened positions	19	31	-38.7%
Closed positions	17	12	+41.7%
Increased positions	22	31	-29.0%
Reduced positions	28	10	+180.0%

13F shares	Current	Prev Q	Change
Total value	1.24B	1.52B	-18.6%
Total shares	74.07M	75.9M	-2.4%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
General Atlantic	18.73M	$268.02M	0.0%
S3 Ventures Fund III	18.53M	$371.77M	0.0%
ARG Private Equity II	12.61M	$252.92M	0.0%
D1 Capital Partners	5.09M	$72.91M	-12.6%
Vanguard	2.84M	$40.66M	+3.4%
Massachusetts Financial Services	2.35M	$33.64M	+2.8%
Long Path Partners Fund	1.77M	$25.3M	NEW
BEN Franklin Resources	1.53M	$21.92M	-2.1%
BLK Blackrock	1.45M	$20.78M	-23.1%
Bamco	1.2M	$17.23M	+0.3%

Largest transactions	Shares	Bought/sold	Change
Long Path Partners Fund	1.77M	+1.77M	NEW
FMR	1.08M	-1.06M	-49.4%
Capital Research Global Investors	129.44K	-893.82K	-87.3%
D1 Capital Partners	5.09M	-733.63K	-12.6%
BLK Blackrock	1.45M	-436.52K	-23.1%
Allspring Global Investments	515.67K	-408.83K	-44.2%
AXAHF Axa	0	-406.68K	EXIT
Eagle Asset Management	0	-298.62K	EXIT
Adage Capital Partners GP, L.L.C.	758.62K	+289.64K	+61.8%
Citadel Advisors	311.32K	+279.48K	+877.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

NCR

Management 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
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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

From filing 10-Q 2022 Q1

Financial reports