Overview
Jana Partners has increased its stake in Alkami Technology Inc. (NASDAQ: ALMT) to more than 10% and is urging the financial‑technology company to pursue a sale.
Activist Demands
The activist investor is advising Alkami’s board to engage with multiple interested parties, including both strategic and financial buyers, and is also calling for changes to the board’s leadership. Jana Partners recommends that the board maintain a realistic view of the company’s valuation, especially given the recent widespread sell‑off in the software sector triggered by concerns over artificial intelligence.
Disclosure Timeline
Jana Partners is expected to disclose its updated ownership percentage in a Schedule 13D filing with the U.S. Securities and Exchange Commission on the upcoming Monday.
Market Context
The push for a sale comes amid an AI‑driven sell‑off across the broader software industry, which could affect valuation expectations for Alkami.