May. 28 at 8:45 PM
Alkami Technology shares moved higher after Bloomberg reported that activist investor Jana Partners is urging the fintech company to revive efforts to explore a potential sale. Jana, which owns a stake in the Plano, Texas-based banking software provider, reportedly believes Alkami remains an attractive acquisition target for either a private equity buyer or a larger publicly traded financial technology company.
According to people familiar with the matter cited by Bloomberg, Alkami had already hired advisers several months ago to evaluate strategic alternatives, including a possible sale. Jana Managing Partner Scott Ostfeld previously argued at a December conference that the company was undervalued and that pursuing a transaction could unlock shareholder value.
The report renewed investor speculation that consolidation activity in the fintech sector could accelerate as firms seek scale, stronger recurring revenue streams, and expanded digital banking capabilities.
$ALKT