Chicago Capital, LLC has significantly reduced its stake in Alkami Technology (NASDAQ: ALKT), selling 1,627,747 shares valued at approximately $29.98 million during the first quarter of 2026. Following this transaction, Alkami’s position now accounts for just 0.03% of Chicago Capital’s $3.71 billion in reportable U.S. equity assets, down from 1.0% in the previous quarter. The sale reflects a broader decline in Alkami’s stock, which has fallen nearly 61.6% from its late 2024 peak.
This divestment comes as Alkami faces challenges, including a disappointing earnings report that revealed a $11.4 million loss in the fourth quarter and a softer-than-expected revenue outlook for 2026. The company’s stock has been under pressure, exacerbated by a broader sell-off in software stocks and concerns over potential disruptions from advancements in artificial intelligence. Notably, Alkami’s shares are down 39.2% year-over-year, significantly underperforming the S&P 500.
For investors, this move by Chicago Capital underscores growing skepticism around Alkami’s growth prospects amidst a challenging market environment. With the stock’s recent performance and the fund’s shift away from Alkami, market professionals may want to reassess their positions or consider alternative investments.
Source: nasdaq.com