Alkami Technology Inc. (ALKT) can make a big difference with a little luck

Alkami Technology Inc. (NASDAQ: ALKT) stock jumped 4.66% on Wednesday to $11.90 against a previous-day closing price of $11.37. With 0.25 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.3 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $11.98 whereas the lowest price it dropped to was $11.11. The 52-week range on ALKT shows that it touched its highest point at $29.07 and its lowest point at $9.23 during that stretch. It currently has a 1-year price target of $18.43.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALKT was down-trending over the past week, with a drop of -11.85%, but this was down by -23.37% over a month. Three-month performance dropped to -21.97% while six-month performance fell -9.78%. The stock lost -55.18% in the past year, while it has lost -40.68% so far this year. A look at the trailing 12-month EPS for ALKT yields -0.74 with Next year EPS estimates of -0.12. For the next quarter, that number is -0.06. This implies an EPS growth rate of 23.20% for this year and 52.00% for next year.

Float and Shares Shorts:

At present, 91.18 million ALKT shares are outstanding with a float of 55.28 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.35 million, which was 1.48% higher than short shares on Sep 14, 2022. In addition to Mr. Alex P. Shootman as the firm’s CEO & Director, Mr. Stephen Bohanon serves as its Co-Founder, Chief Strategy & Product Officer.

Institutional Ownership:

Through their ownership of 53.37% of ALKT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 19.26% of ALKT, in contrast to 15.96% held by mutual funds. Shares owned by individuals account for 103.49%. As the largest shareholder in ALKT with 4.59% of the stake, Long Path Partners LP holds 4,176,685 shares worth 4,176,685. A second-largest stockholder of ALKT, D1 Capital Partners LP, holds 3,650,718 shares, controlling over 4.01% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in ALKT, holding 3,474,162 shares or 3.82% stake. With a 2.14% stake in ALKT, the American Funds Small Cap World Fu is the largest stakeholder. A total of 1,950,806 shares are owned by the mutual fund manager. The MFS New Discovery Fund, which owns about 1.78% of ALKT stock, is the second-largest Mutual Fund holder. It holds 1,620,458 shares valued at 25.68 million. Baron Discovery Fund holds 1.43% of the stake in ALKT, owning 1,300,000 shares worth 20.61 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALKT since 8 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ALKT analysts setting a high price target of $23.00 and a low target of $16.00, the average target price over the next 12 months is $18.43. Based on these targets, ALKT could surge 93.28% to reach the target high and rise by 34.45% to reach the target low. Reaching the average price target will result in a growth of 54.87% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ALKT will report FY 2022 earnings on 02/22/2023. Analysts have provided yearly estimates in a range of -$0.24 being high and -$0.26 being low. For ALKT, this leads to a yearly average estimate of -$0.25. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Alkami Technology Inc. surprised analysts by $0.01 when it reported -$0.06 EPS against a consensus estimate of -$0.07. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.08. The average estimate for the next quarter is thus -$0.06.

Summary of Insider Activity:

Insiders traded ALKT stock several times over the past three months with 7 Buys and 6 Sells. In these transactions, 126,330 shares were bought while 68,447 shares were sold. The number of buy transactions has increased to 45 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 2,647,279 while 443,552 shares were sold.

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