General Atlantic, L.P. together with several affiliated investment entities disclosed a purchase of 500,000 shares of Alkami Technology, Inc. (NASDAQ: ALKT) executed on March 12, 2026. The shares were picked up at a weighted average cost of $18.33 per share, within a transaction range of $18.30 to $18.36, making the total consideration $9,165,000.
Following completion of the trade, the reporting group now holds 15,379,451 shares of Alkami. The list of reporting entities includes General Atlantic, L.P.; General Atlantic GenPar, L.P.; General Atlantic Partners 100, L.P.; GAP Coinvestments III, LLC; GAP Coinvestments IV, LLC; GAP Coinvestments V, LLC; General Atlantic Partners (Bermuda) EU, L.P.; General Atlantic Partners (Lux), SCSp; General Atlantic (Lux) S.a r.l.; and General Atlantic GenPar (Lux) SCSp.
Alkami's share price at the time of reporting stood at $17.61, reflecting a year-to-date decline of 23.67%. Analysis noted on InvestingPro indicates the company may still be undervalued at prevailing market levels.
On the operating and financial front, Alkami reported fourth-quarter revenue that matched expectations and delivered EBITDA outcomes that exceeded consensus estimates, attributed to operating leverage. During the fourth quarter the company added 16 new digital banking clients, an increase from the prior quarter.
Despite those topline and margin dynamics, Alkami's forward guidance for 2026 generated downward pressure on analyst price targets. Needham retained a Buy rating but cut its target from $32 to $22, citing the guidance. Citizens lowered its target from $40 to $28, linking the move to disappointing guidance for the first quarter of 2026 and revenue projections below consensus. Goldman Sachs trimmed its target to $18 from $25 while maintaining a Neutral rating, pointing to a roughly $21 million shortfall in Alkami's 2026 revenue guidance versus consensus.
On the product side, Alkami introduced an Automated Stage Match feature within its Software Development Kit Wizard intended to accelerate development work for financial institutions. Separately, Empower Federal Credit Union selected MANTL's Onboarding & Account Opening Solution, which will be integrated with Alkami's Digital Banking Platform.
From a profitability perspective, Alkami was not profitable over the last twelve months, and analysts project the company will achieve profitability this year. The company is included among more than 1,400 U.S. equities covered by Pro Research Reports on InvestingPro.
The transaction by General Atlantic increases its economic exposure to Alkami at a time when the stock trades below the acquisition price and the company navigates a mix of operational progress and conservative near-term guidance. Investors and market participants will likely watch upcoming quarters for signs that revenue and profitability assumptions embedded in the guidance reconcile with recent client additions and product development milestones.