$ALKT

Wall Street analysts updated price targets and ratings for several companies. Baird cut Chipotle's (CMG) target to $40 and downgraded it to Neutral. HC Wainwright raised LB Pharmaceuticals' (LBRX) target to $60. BTIG increased AtriCure's (ATRC) target to $55. Baird also raised Analog Devices' (ADI) target to $675 and upgraded Darden Restaurants' (DRI) target to $250. Other notable changes include updates for Black Rock Coffee Bar (BRCB), Marti Technologies (MRT), Alkami Technology (ALKT), Chenie

Alkami Technology (Nasdaq: ALKT) said Strata Credit Union selected Alkami’s Digital Banking Platform to modernize its mobile-first consumer digital banking. The partnership aims to integrate payments, transfers, card management, financial wellness tools, and security, using an open architecture to support ongoing innovation. The firms expect improved member engagement and personalized insights.

Alkami Technology (ALKT) reported Q2 2026 ARR of $511.7 million (+21% YoY) and total revenue of $129.8 million (+15.9% YoY). Non-GAAP gross margin was 63.0% and adjusted EBITDA was $19.4 million. Q3 revenue guidance is $132.7 million to $134.2 million; full-year 2026 revenue guidance is $528 million to $531 million. Bank clients under contract: 54.

Jana Partners, an activist investor holding over 10% of Alkami Technology (ALKT), said in a letter quoted by Bloomberg that Alkami is not running a proper sale process. Jana claims potential buyers were blocked by limited engagement and unrealistic valuation expectations, and urged the full board to run a supervised, realistic process. Alkami shares are down about 23% YTD.

ALKAMI TECHNOLOGY, INC. (ALKT) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Alkami Announces Second Quarter 2026 Financial Results PLANO, Texas, July 29, 2026 (PRNewswire) -- Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami” or “the Company”), a digital sales and service platform provider for financial institutions in the U.S., today announce

Bloomberg reported June 29 that activist Jana Partners built an economic stake of over 10% in Alkami Technology (NASDAQ:ALKT) and urged the digital banking software provider to engage multiple parties about a potential sale. JPMorgan on June 22 cut its ALKT price target to $19 from $20 but kept an Overweight rating, citing resilient banking workflows and acquisition appeal.

Alkami Technology (NASDAQ:ALKT) said June 10 it integrated Yodlee’s financial data sharing into its platform via the Financial Data Exchange (FDX) API. The company expects better performance and fewer login disruptions for users of third-party apps, using consent-based, credential-free authentication. Alkami also said the change should reduce support inquiries and infrastructure strain.

Alkami announced a webinar discussing how financial institutions are transitioning from AI experimentation to practical implementation in business banking. The webinar, titled "Digital Maturity in Motion: What Business & Commercial Leaders Are Doing Differently in 2026," will cover AI-driven business banking, digital onboarding, fraud prevention, and data readiness. It will feature speakers from SRP Federal Credit Union, Tradition Capital Bank, and Digital Banking Report, highlighting how digitally mature institutions use data and AI for measurable execution.

Alkami (ALKT) reported strong Q1 2026 results with 29% revenue growth and $22.3 million in adjusted EBITDA, exceeding expectations. The company highlighted consistent Annual Recurring Revenue (ARR) expansion, robust adoption of its Digital Sales and Service Platform (DSSP), and a significant increase in long-term revenue commitments, alongside authorizing its first $100 million share buyback program. Management also discussed growth headwinds from declining termination fees and temporary margin pressures, while emphasizing the successful integration of its Mantle acquisition and active development of AI-powered platform capabilities.

Alkami Technology Inc. reported mixed Q1 2026 earnings, missing EPS forecasts significantly at -$0.09 against an expected $0.18, resulting in a 150% negative surprise. Despite this, revenue grew by a strong 29% year-over-year to $126.1 million, slightly exceeding expectations, with subscription revenue accounting for 96% of the total. The stock fell 5.53% in aftermarket trading due to profitability concerns, although the company projects continued revenue growth and improved EPS in upcoming quarters, driven by their Digital Sales & Service Platform and strategic AI investments.