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

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) have been given an average rating of “Hold” by the twenty-one analysts that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $96.1111.

Several research firms recently issued reports on AKAM. Oppenheimer initiated coverage on Akamai Technologies in a research report on Monday, November 17th. They issued an “outperform” rating and a $100.00 target price on the stock. Bank of America cut their price objective on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a research note on Monday, December 29th. Piper Sandler lifted their target price on Akamai Technologies from $86.00 to $89.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Finally, President Capital increased their price target on shares of Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, November 7th.

Insiders Place Their Bets

In other news, COO Adam Karon sold 3,320 shares of the stock in a transaction 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 sale, the chief operating officer owned 7,785 shares in the company, valued at $679,630.50. This represents a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Edward J. Mcgowan sold 6,560 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $88.03, for a total transaction of $577,476.80. Following the transaction, the chief financial officer directly owned 16,442 shares of the company’s stock, valued at approximately $1,447,389.26. This trade represents a 28.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 32,318 shares of company stock worth $2,890,254. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Akamai Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Assetmark Inc. grew its stake in shares of Akamai Technologies by 31.8% during the 4th quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company’s stock worth $39,000 after purchasing an additional 107 shares during the period. Perigon Wealth Management LLC grew its position in Akamai Technologies by 2.1% during the fourth quarter. Perigon Wealth Management LLC now owns 5,502 shares of the technology infrastructure company’s stock valued at $480,000 after buying an additional 115 shares during the period. Siemens Fonds Invest GmbH increased its holdings 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 valued at $155,000 after buying an additional 156 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Akamai Technologies by 24.3% in the third quarter. Hantz Financial Services Inc. now owns 830 shares of the technology infrastructure company’s stock valued at $63,000 after buying an additional 162 shares in the last quarter. Finally, Mutual Advisors LLC raised its position in shares of Akamai Technologies by 4.0% in the second quarter. Mutual Advisors LLC now owns 4,609 shares of the technology infrastructure company’s stock worth $372,000 after acquiring an additional 177 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies Stock Down 2.7%

AKAM stock opened at $99.35 on Friday. The stock has a market capitalization of $14.29 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 3.70 and a beta of 0.68. Akamai Technologies has a 52 week low of $67.51 and a 52 week high of $104.97. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average of $89.67 and a 200 day moving average of $81.64.

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

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.