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Alkami Technology Could Be the Next Big Buyout — Here’s Why Jana Is Pushing Hard!

Alkami Technology has come under the spotlight after activist investor Jana Partners publicly urged the company to explore strategic alternatives, including a potential sale. The move follows a sharp 40% drop in Alkami’s stock price during 2025, despite solid growth metrics. At Bloomberg’s Activism Forum in New York, Jana Managing Partner Scott Ostfeld outlined the firm’s position, citing strong top-line growth, customer retention, and a favorable private equity environment as core reasons why Alkami could be a compelling acquisition target. Ostfeld emphasized that Alkami’s organic growth near 20% and high recurring revenue make it attractive for both strategic buyers and financial sponsors. This campaign is part of a broader activist drive by Jana, which has recently pushed for strategic reviews at Cooper Cos., Frontier Communications, and Markel Group. Notably, General Atlantic’s increased stake in Alkami this year further bolsters the case for private equity interest.