Akamai Technologies (NASDAQ:AKAM) Upgraded at Weiss Ratings

Weiss Ratings upgraded shares of Akamai Technologies (NASDAQ:AKAM) from a sell (d+) rating to a hold (c-) rating in a research note released on Friday,Weiss Ratings reports.

AKAM has been the subject of a number of other reports. Piper Sandler cut their price target on Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating for the company in a report on Friday, August 8th. Wall Street Zen raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Zacks Research upgraded shares of Akamai Technologies to a “hold” rating in a research report on Monday, August 11th. Morgan Stanley lowered Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price objective on the stock. in a research report on Tuesday, August 5th. Finally, Raymond James Financial dropped their target price on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Akamai Technologies currently has a consensus rating of “Hold” and an average price target of $92.53.

Akamai Technologies Stock Performance

NASDAQ AKAM opened at $75.05 on Friday. Akamai Technologies has a 1-year low of $67.51 and a 1-year high of $105.26. The company has a 50 day moving average of $76.36 and a 200-day moving average of $77.18. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.92. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 3.59 and a beta of 0.75.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.18. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company earned $1.58 EPS. Akamai Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. On average, equities analysts forecast that Akamai Technologies will post 4.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Akamai Technologies news, EVP Paul C. Joseph sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $76.65, for a total transaction of $383,250.00. Following the transaction, the executive vice president owned 27,349 shares in the company, valued at approximately $2,096,300.85. This trade represents a 15.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Robert Blumofe sold 3,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $77.00, for a total value of $231,000.00. Following the completion of the sale, the chief technology officer directly owned 27,910 shares of the company’s stock, valued at approximately $2,149,070. This trade represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock valued at $917,290 over the last three months. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. DLD Asset Management LP increased its stake 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 valued at $1,595,200,000 after purchasing an additional 7,500,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Akamai Technologies by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock valued at $1,503,205,000 after buying an additional 425,461 shares in the last quarter. First Trust Advisors LP lifted its holdings in Akamai Technologies by 4.9% during the second quarter. First Trust Advisors LP now owns 6,061,962 shares of the technology infrastructure company’s stock worth $483,502,000 after acquiring an additional 281,526 shares in the last quarter. Norges Bank acquired a new position in Akamai Technologies in the second quarter valued at about $266,817,000. Finally, Legal & General Group Plc increased its holdings in shares of Akamai Technologies by 3.5% in the second quarter. Legal & General Group Plc now owns 2,812,805 shares of the technology infrastructure company’s stock worth $224,349,000 after acquiring an additional 94,012 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.