Activist investor Jana Partners has accumulated an economic stake of more than 10% in Alkami Technology and is encouraging the digital banking software provider to explore a potential sale. Bloomberg reported on June 29 that Jana believes shareholder value could be enhanced through a strategic transaction, adding to speculation that Alkami may attract interest from larger technology or financial services companies. Earlier, on June 22, JPMorgan lowered its price target on Alkami to $19 from $20 while maintaining an Overweight rating, and identified the company as a particularly attractive acquisition candidate due to its leadership position in the highly consolidated digital banking software market and the growing influence of activist investors.
Alkami Technology IncActivist investor Jana Partners pushes for a sale, which could enhance shareholder value.
JPMorgan Chase & Co