Wall Street Zen Downgrades Akamai Technologies (NASDAQ:AKAM) to Hold

Akamai Technologies (NASDAQ:AKAM) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other equities research analysts have also recently issued reports on AKAM. TD Cowen lifted their price objective on Akamai Technologies from $98.00 to $104.00 and gave the stock a “hold” rating in a report on Thursday, November 13th. HSBC lifted their price target on Akamai Technologies from $130.00 to $134.00 in a research note on Monday, November 10th. Bank of America dropped their price target on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, October 20th. Jefferies Financial Group lowered Akamai Technologies to an “underperform” rating in a report on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $96.11.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $97.15 on Friday. 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 fifty day moving average of $89.83 and a 200 day moving average of $81.78. The firm has a market cap of $13.98 billion, a PE ratio of 28.49, a PEG ratio of 3.60 and a beta of 0.68. Akamai Technologies has a one year low of $67.51 and a one year high of $104.97.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.22. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share. 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. As a group, research analysts predict that Akamai Technologies will post 4.6 EPS for the current fiscal year.

Insider Activity

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 6,560 shares of Akamai Technologies stock in a transaction dated Monday, December 15th. The shares were 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 $1,447,389.26. The trade was a 28.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $90.17, for a total transaction of $450,850.00. Following the completion of the sale, the executive vice president directly owned 17,513 shares of the company’s stock, valued at approximately $1,579,147.21. This trade represents a 22.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 32,318 shares of company stock worth $2,890,254. Insiders own 2.00% of the company’s stock.

Institutional Trading of Akamai Technologies

Institutional investors have recently made changes to their positions in the company. Wealthfront Advisers LLC lifted its holdings in Akamai Technologies by 3.9% in the fourth quarter. Wealthfront Advisers LLC now owns 5,049 shares of the technology infrastructure company’s stock valued at $441,000 after acquiring an additional 189 shares during the last quarter. M&T Bank Corp raised its position in Akamai Technologies by 17.7% in the fourth quarter. M&T Bank Corp now owns 8,339 shares of the technology infrastructure company’s stock valued at $728,000 after purchasing an additional 1,255 shares during the period. D.A. Davidson & CO. raised its position in Akamai Technologies by 15.3% in the fourth quarter. D.A. Davidson & CO. now owns 11,310 shares of the technology infrastructure company’s stock valued at $987,000 after purchasing an additional 1,499 shares during the period. Traub Capital Management LLC acquired a new position in shares of Akamai Technologies in the 4th quarter valued at $261,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Akamai Technologies by 59.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 301,673 shares of the technology infrastructure company’s stock worth $26,321,000 after purchasing an additional 113,000 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.