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

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) have been assigned a consensus rating of “Hold” from the twenty-one ratings firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $92.7222.

A number of research firms have weighed in on AKAM. Piper Sandler boosted their target price on shares of Akamai Technologies from $83.00 to $86.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Morgan Stanley reduced their price objective on Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. Citigroup increased their target price on Akamai Technologies from $85.00 to $88.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Raymond James Financial lifted their price target on Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. Finally, Bank of America reduced their price target on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, October 20th.

Insider Buying and Selling at Akamai Technologies

In related news, EVP Mani Sundaram sold 10,438 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $89.25, for a total value of $931,591.50. Following the completion of the sale, the executive vice president directly owned 13,550 shares in the company, valued at $1,209,337.50. This represents a 43.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Edward J. Mcgowan sold 6,560 shares of Akamai Technologies 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 transaction, the chief financial officer directly owned 16,442 shares in the company, valued at $1,447,389.26. The trade was a 28.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 23,818 shares of company stock valued at $2,099,904. Insiders own 2.00% of the company’s stock.

Institutional Trading of Akamai Technologies

A number of institutional investors have recently bought and sold shares of the company. DLD Asset Management LP increased its stake in shares of Akamai Technologies by 60.0% in the 2nd 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 acquiring an additional 7,500,000 shares in the last quarter. Norges Bank acquired a new stake in Akamai Technologies in the second quarter worth $266,817,000. AQR Capital Management LLC increased its stake in Akamai Technologies by 522.8% in the third quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock valued at $153,061,000 after purchasing an additional 1,695,937 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Akamai Technologies by 570.0% during the third 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 purchasing an additional 1,390,167 shares during the period. Finally, Nordea Investment Management AB boosted 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 worth $258,739,000 after purchasing an additional 980,966 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $85.10 on Monday. 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 stock has a market cap of $12.24 billion, a PE ratio of 24.96, a P/E/G ratio of 3.07 and a beta of 0.68. Akamai Technologies has a 12-month low of $67.51 and a 12-month high of $103.75. The business’s 50-day moving average price is $85.22 and its two-hundred day moving average price is $79.87.

Akamai Technologies (NASDAQ:AKAM) last posted 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. The company 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 firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $1.59 EPS. 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, analysts expect that Akamai Technologies will post 4.6 earnings per share for the current fiscal year.

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.