Activist Jana Partners Presses Alkami Technology for Sale Process
On 31 July 2026, activist investor Jana Partners, which has built an economic stake of more than 10% in Alkami Technology Inc., sent a letter to the fintech company’s board, as quoted by Bloomberg. The letter, signed by Jana Managing Partner Scott Ostfeld, states that Alkami is not conducting a proper sale process. Jana reports that it has spoken with multiple potential buyers—both strategic and financial—who indicated that their earlier interest was blocked by the company’s lack of engagement and by what Jana describes as unrealistic value expectations.
Jana points to recent private‑transaction data that reveal a significant gap between public market valuations and private‑transaction valuations for similar companies. It urges the board to capitalize on the existing interest by initiating a proper sale process that is based on realistic expectations and supervised by the full board.
In addition to the sale‑process request, Jana is seeking a change in Alkami’s board leadership. The activist’s concerns come as Alkami’s shares, listed in New York, have declined approximately 23% year‑to‑date. Alkami is headquartered in Plano, Texas.
No specific timeline or alternative valuation figures were provided in the letter.