Alkami Technology (NASDAQ: ALKT) is facing activist pressure from Jana Partners, which disclosed a 6.3% stake and is publicly pushing for a sale to a strategic buyer or private equity firm. With $493.6 million in ARR (+22% YoY), 23 million registered digital banking users, and full-year 2026 guidance of $525–$530 million in revenue, the company has strong fundamentals but its stock is down roughly 40% year-to-date as AI investment from JPMorgan Chase and Bank of America threatens to narrow the competitive moat for community bank software vendors. Logical strategic buyers include core banking giants Fiserv, FIS, and Jack Henry, all of which already integrate with Alkami’s platform and Alkami has retained a financial adviser and confirmed it is evaluating potential buyer interest.

 Jana Partners Is Pushing Alkami Technology to Sell Itself as AI Pressure Mounts on Community Bank Software