Akamai Technologies, Inc. (NASDAQ:AKAM) Given Average Rating of “Hold” by Brokerages

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) have received an average rating of “Hold” from the twenty-one analysts that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $93.6316.

Several research firms have issued reports on AKAM. HSBC upped their price target on Akamai Technologies from $130.00 to $134.00 in a report on Monday, November 10th. Weiss Ratings raised Akamai Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. The Goldman Sachs Group increased their price target on Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a research report on Friday, November 7th. DA Davidson restated a “buy” rating and set a $115.00 price objective on shares of Akamai Technologies in a report on Thursday, October 16th. Finally, Citigroup raised their target price on shares of Akamai Technologies from $85.00 to $88.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th.

Insiders Place Their Bets

In other Akamai Technologies news, EVP Paul C. Joseph sold 5,000 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $76.65, for a total transaction of $383,250.00. Following the sale, the executive vice president directly owned 27,349 shares of the company’s stock, valued at $2,096,300.85. The trade was a 15.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total value of $303,040.00. Following the transaction, the executive vice president owned 21,211 shares in the company, valued at $1,606,945.36. This represents a 15.87% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 15,500 shares of company stock worth $1,218,290. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Akamai Technologies

A number of hedge funds have recently made changes to their positions in AKAM. Opes Wealth Management LLC raised its position in shares of Akamai Technologies by 2.7% in the first quarter. Opes Wealth Management LLC now owns 4,872 shares of the technology infrastructure company’s stock valued at $392,000 after purchasing an additional 128 shares during the period. UMB Bank n.a. raised its holdings in Akamai Technologies by 50.8% in the 2nd quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after acquiring an additional 133 shares during the period. Horizon Investments LLC boosted its holdings in Akamai Technologies by 7.2% during the first quarter. Horizon Investments LLC now owns 2,220 shares of the technology infrastructure company’s stock valued at $179,000 after acquiring an additional 149 shares during the period. Siemens Fonds Invest GmbH grew its position in shares of 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 purchasing an additional 156 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of Akamai Technologies by 24.3% in the third quarter. Hantz Financial Services Inc. now owns 830 shares of the technology infrastructure company’s stock worth $63,000 after purchasing an additional 162 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Trading Down 1.7%

Shares of AKAM stock opened at $87.17 on Friday. The stock has a 50-day simple moving average of $77.01 and a 200 day simple moving average of $77.59. The stock has a market capitalization of $12.54 billion, a P/E ratio of 30.91, a P/E/G ratio of 3.49 and a beta of 0.72. Akamai Technologies has a fifty-two week low of $67.51 and a fifty-two week high of $103.75. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.22. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the company earned $1.59 EPS. Akamai Technologies’s revenue was up 5.0% on a year-over-year basis. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. On average, sell-side analysts expect that Akamai Technologies will post 4.6 earnings per share for the current fiscal year.

Akamai Technologies Company Profile

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.