Piper Sandler Increases Akamai Technologies (NASDAQ:AKAM) Price Target to $89.00

Akamai Technologies (NASDAQ:AKAM) had its price objective upped by equities researchers at Piper Sandler from $86.00 to $89.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology infrastructure company’s stock. Piper Sandler’s price objective would suggest a potential upside of 0.29% from the company’s current price.

Several other research firms also recently weighed in on AKAM. The Goldman Sachs Group increased their price target on shares of Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a research report on Friday, November 7th. Oppenheimer started coverage on Akamai Technologies in a research note on Monday, November 17th. They issued an “outperform” rating and a $100.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a report on Monday, December 29th. Morgan Stanley cut their price target on Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating for the company in a report on Friday, November 7th. Finally, HSBC upped their price target on Akamai Technologies from $130.00 to $134.00 in a research report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Akamai Technologies has an average rating of “Hold” and a consensus target price of $92.89.

Akamai Technologies Stock Performance

AKAM stock opened at $88.74 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28. Akamai Technologies has a 1 year low of $67.51 and a 1 year high of $103.75. The company has a market cap of $12.77 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 3.09 and a beta of 0.68. The stock’s fifty day moving average price is $85.69 and its 200-day moving average price is $79.99.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.22. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. Akamai Technologies’s revenue for the quarter was up 5.0% compared to the same quarter last year. 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. On average, equities analysts forecast that Akamai Technologies will post 4.6 earnings per share for the current year.

Insider Activity at Akamai Technologies

In related news, CFO Edward J. Mcgowan sold 6,560 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $88.03, for a total value of $577,476.80. Following the sale, the chief financial officer directly owned 16,442 shares in the company, valued at approximately $1,447,389.26. The trade was a 28.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Adam Karon sold 3,320 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $87.30, for a total value of $289,836.00. Following the transaction, the chief operating officer directly owned 7,785 shares of the company’s stock, valued at approximately $679,630.50. The trade was a 29.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,818 shares of company stock worth $2,099,904 in the last quarter. 2.00% of the stock is owned by company insiders.

Institutional Trading of Akamai Technologies

A number of large investors have recently added to or reduced their stakes in AKAM. DLD Asset Management LP increased its position in Akamai Technologies by 60.0% in the second quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company’s stock worth $1,595,200,000 after purchasing an additional 7,500,000 shares during the last quarter. Norges Bank purchased a new position in shares of Akamai Technologies in the 2nd quarter worth $266,817,000. AQR Capital Management LLC grew its stake in shares of Akamai Technologies by 522.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock worth $153,061,000 after buying an additional 1,695,937 shares in the last quarter. Alyeska Investment Group L.P. raised its position in shares of Akamai Technologies by 570.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock valued at $123,795,000 after buying an additional 1,390,167 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Akamai Technologies by 39.9% during the 3rd quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock valued at $258,739,000 after buying an additional 980,966 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Company Profile

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.