Akamai Technologies (NASDAQ:AKAM) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Akamai Technologies (NASDAQ:AKAM) had its price target lifted by Royal Bank Of Canada from $80.00 to $90.00 in a report released on Monday, MarketBeat Ratings reports. The brokerage currently has a “sector perform” rating on the technology infrastructure company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 1.42% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Piper Sandler increased their price target on Akamai Technologies from $83.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Morgan Stanley cut their target price on shares of Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating on the stock in a research note on Friday, November 7th. Jefferies Financial Group downgraded shares of Akamai Technologies to an “underperform” rating in a research note on Monday, December 15th. The Goldman Sachs Group increased their price objective on shares of Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a research report on Friday, November 7th. Finally, TD Cowen raised their price objective on shares of Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a report on Thursday, November 13th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $92.89.

Akamai Technologies Trading Up 3.3%

NASDAQ AKAM opened at $88.74 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.28 and a current ratio of 2.28. The firm has a market cap of $12.77 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 3.09 and a beta of 0.68. The firm has a 50 day simple moving average of $85.69 and a 200-day simple moving average of $79.99. Akamai Technologies has a one year low of $67.51 and a one year high of $103.75.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 12.26% and a return on equity of 14.16%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $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 research analysts anticipate that Akamai Technologies will post 4.6 EPS for the current fiscal year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Mani Sundaram sold 10,438 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $89.25, for a total transaction of $931,591.50. Following the transaction, the executive vice president owned 13,550 shares of the company’s stock, valued at approximately $1,209,337.50. This trade represents a 43.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Robert Blumofe sold 3,500 shares of Akamai Technologies stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $86.00, for a total value of $301,000.00. Following the sale, the chief technology officer owned 24,410 shares in the company, valued at $2,099,260. This trade represents a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 23,818 shares of company stock worth $2,099,904. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Akamai Technologies by 50.8% in the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after buying an additional 133 shares during the last quarter. Siemens Fonds Invest GmbH increased its holdings in shares of Akamai Technologies by 8.3% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 2,043 shares of the technology infrastructure company’s stock valued at $155,000 after acquiring an additional 156 shares during the period. Hantz Financial Services Inc. raised its position in Akamai Technologies by 24.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 830 shares of the technology infrastructure company’s stock valued at $63,000 after purchasing an additional 162 shares during the last quarter. Mutual Advisors LLC boosted its stake 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 worth $372,000 after purchasing an additional 177 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Akamai Technologies by 4.5% during the 4th quarter. GAMMA Investing LLC now owns 4,418 shares of the technology infrastructure company’s stock worth $385,000 after purchasing an additional 191 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.