Akamai Technologies (NASDAQ:AKAM) Price Target Raised to $90.00 at Royal Bank Of Canada

Akamai Technologies (NASDAQ:AKAM) had its price objective hoisted by Royal Bank Of Canada from $80.00 to $90.00 in a report published on Monday morning, Marketbeat reports. They currently have a sector perform rating on the technology infrastructure company’s stock.

Several other equities analysts have also issued reports on the company. Bank of America cut their target price on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. President Capital lifted their price objective on shares of Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Raymond James Financial boosted their price objective on shares of Akamai Technologies from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Citigroup raised their target price on shares of Akamai Technologies from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Finally, DA Davidson reaffirmed a “buy” rating and set a $115.00 price target on shares of Akamai Technologies in a research report on Thursday, October 16th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $92.89.

Akamai Technologies Price Performance

NASDAQ AKAM opened at $85.91 on Monday. The company has a market cap of $12.36 billion, a PE ratio of 25.19, a P/E/G ratio of 3.07 and a beta of 0.68. The firm’s 50 day moving average price is $85.43 and its 200-day moving average price is $79.92. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.28 and a current ratio of 2.28. Akamai Technologies has a 52-week low of $67.51 and a 52-week high of $103.75.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.22. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.Akamai Technologies’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Sell-side analysts forecast that Akamai Technologies will post 4.6 EPS for the current fiscal year.

Insider Activity at Akamai Technologies

In other news, COO Adam Karon sold 3,320 shares of Akamai Technologies stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $87.30, for a total transaction of $289,836.00. Following the completion of the sale, the chief operating officer directly owned 7,785 shares in the company, valued at approximately $679,630.50. The trade was a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mani Sundaram sold 10,438 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $89.25, for a total value of $931,591.50. Following the completion of the transaction, the executive vice president directly owned 13,550 shares in the company, valued at approximately $1,209,337.50. The trade was a 43.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 23,818 shares of company stock valued at $2,099,904. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its position in Akamai Technologies by 295.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after buying an additional 251 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in Akamai Technologies by 130.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock valued at $26,000 after acquiring an additional 195 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Akamai Technologies by 566.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock valued at $26,000 after acquiring an additional 289 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in shares of Akamai Technologies by 497.0% in the third quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock worth $30,000 after acquiring an additional 333 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Akamai Technologies in the third quarter worth $30,000. 94.28% of the stock is owned by institutional investors and hedge funds.

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.