Jun. 29 at 8:41 PM
Jana Partners has increased its stake in Alkami Technology Inc. to more than 10% and is pressing the fintech software company to pursue a sale, Bloomberg News reported Monday, citing a person familiar with the matter. The activist investor is urging Alkami to engage with a broad range of potential acquirers, including both strategic buyers and private equity firms, while also advocating for changes to the company's board leadership to strengthen oversight of the review process.
According to the report, Jana believes Alkami should adopt realistic valuation expectations as it considers strategic alternatives, particularly as concerns over artificial intelligence spending and broader weakness across software stocks have weighed on sector valuations. The activist is expected to disclose its larger position in a Schedule 13D filing, a move that typically signals a more active campaign and could increase pressure on the company to evaluate acquisition offers.
$ALKT