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In a recent transaction, Alex Shootman, the Chief Executive Officer of Alkami Technology , Inc. (NASDAQ:ALKT), sold 42,930 shares of the company’s common stock. The shares were sold at a price of $30.53 each, amounting to a total transaction value of approximately $1.31 million. The transaction occurred as the stock trades near $29.72, with analyst targets ranging from $28 to $46. According to InvestingPro, Alkami has shown strong momentum with a 26.55% revenue growth over the last twelve months.
This sale was conducted to cover tax withholding obligations associated with the vesting and settlement of restricted stock units (RSUs). As a result, this transaction was not a discretionary sale by Mr. Shootman. Following the sale, he retains ownership of 914,493 shares in Alkami Technology, which represents a significant stake in the company, currently valued at $3.06 billion. InvestingPro analysis reveals 8 additional key insights about Alkami’s financial health and growth prospects, available in the comprehensive Pro Research Report.
In other recent news, Alkami Technology Inc. reported a notable increase in revenue for Q1 2025, reaching $97.8 million, which surpassed the forecasted $94.25 million. This represents a 28.5% year-over-year growth, primarily driven by a 27% rise in subscription revenue. However, the company reported an earnings per share (EPS) of -$0.08, missing the forecast of $0.09. Additionally, Alkami completed the acquisition of Mantle for $393 million, a strategic move to enhance its account opening and client onboarding capabilities.
KeyBanc Capital Markets maintained an Overweight rating on Alkami, with a $40 price target, citing the company’s strong positioning in the digital banking software market. Their analysis highlighted Alkami’s competitive strength, particularly in retail digital banking, and its potential for growth through cross-selling activities. The firm also noted the alignment of Alkami’s product offerings with market modernization priorities as a positive indicator for future growth.
Alkami’s strategic focus includes expanding its presence in the banking sector, as evidenced by the recent acquisitions of Mantle and Segmint. These moves are expected to support the company’s growth objectives for 2025 and 2026. For Q2 2025, Alkami projects revenue between $109 million and $110.5 million, with an anticipated Adjusted EBITDA of $9-$10 million. The company aims for full-year 2025 revenue guidance of $443-$447 million, with expectations of Mantle being EBITDA accretive in 2026.
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