Akamai Technologies, Inc. (NASDAQ:AKAM) Receives Average Recommendation of “Hold” from Analysts

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) have received an average rating of “Hold” from the twenty-one research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $93.6316.

Several brokerages have recently weighed in on AKAM. Raymond James Financial increased their target price on shares of Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. Piper Sandler lifted their price target on shares of Akamai Technologies from $83.00 to $86.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research report on Monday. Bank of America decreased their price objective on shares of Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, October 20th. Finally, The Goldman Sachs Group boosted their target price on Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a research report on Friday, November 7th.

Akamai Technologies Price Performance

NASDAQ:AKAM opened at $86.45 on Thursday. The firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 3.15 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28. The business has a 50 day simple moving average of $80.94 and a 200-day simple moving average of $78.61. Akamai Technologies has a 1 year low of $67.51 and a 1 year high of $103.75.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.22. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.Akamai Technologies’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 EPS. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. Equities analysts forecast that Akamai Technologies will post 4.6 EPS for the current year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $86.00, for a total value of $301,000.00. Following the transaction, the chief technology officer owned 24,410 shares of the company’s stock, valued at $2,099,260. This represents a 12.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mani Sundaram sold 10,438 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $89.25, for a total value of $931,591.50. Following the completion of the sale, the executive vice president owned 13,550 shares in the company, valued at approximately $1,209,337.50. The trade was a 43.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,938 shares of company stock worth $1,615,842 in the last quarter. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Akamai Technologies

Several large investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its position in shares of Akamai Technologies by 50.8% during the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after acquiring an additional 133 shares during the period. Horizon Investments LLC grew its stake in Akamai Technologies by 7.2% in the first quarter. Horizon Investments LLC now owns 2,220 shares of the technology infrastructure company’s stock worth $179,000 after purchasing an additional 149 shares in the last quarter. Siemens Fonds Invest GmbH grew its stake in Akamai Technologies by 8.3% in the third quarter. Siemens Fonds Invest GmbH now owns 2,043 shares of the technology infrastructure company’s stock worth $155,000 after purchasing an additional 156 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Akamai Technologies by 24.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 830 shares of the technology infrastructure company’s stock worth $63,000 after purchasing an additional 162 shares during the period. Finally, Mutual Advisors LLC raised its position in Akamai Technologies by 4.0% during the 2nd quarter. Mutual Advisors LLC now owns 4,609 shares of the technology infrastructure company’s stock valued at $372,000 after purchasing an additional 177 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

About Akamai Technologies

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.