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

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) have received an average recommendation of “Hold” from the twenty-one research firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $96.1111.

Several brokerages have recently commented on AKAM. HSBC raised their price target on Akamai Technologies from $130.00 to $134.00 in a research note on Monday, November 10th. Oppenheimer assumed coverage on shares of Akamai Technologies in a research report on Monday, November 17th. They set an “outperform” rating and a $100.00 target price on the stock. DA Davidson restated a “buy” rating and issued a $115.00 price target on shares of Akamai Technologies in a report on Thursday, October 16th. Royal Bank Of Canada increased their price objective on shares of Akamai Technologies from $80.00 to $90.00 and gave the company a “sector perform” rating in a research note on Monday, January 5th. Finally, 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.

Insider Transactions at Akamai Technologies

In related news, CFO Edward J. Mcgowan sold 6,560 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $88.03, for a total transaction of $577,476.80. Following the completion of the sale, the chief financial officer directly owned 16,442 shares in the company, valued at $1,447,389.26. This represents a 28.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mani Sundaram sold 10,438 shares of Akamai Technologies stock in a transaction dated 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 owned 13,550 shares in the company, valued at $1,209,337.50. This trade represents a 43.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 32,318 shares of company stock worth $2,890,254. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

Several institutional investors have recently bought and sold shares of AKAM. D.A. Davidson & CO. increased its position in shares of Akamai Technologies by 15.3% during the fourth quarter. D.A. Davidson & CO. now owns 11,310 shares of the technology infrastructure company’s stock worth $987,000 after purchasing an additional 1,499 shares in the last quarter. Traub Capital Management LLC purchased a new position in Akamai Technologies during the 4th quarter worth $261,000. Teachers Retirement System of The State of Kentucky grew its stake in 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 buying an additional 113,000 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in Akamai Technologies during the 4th quarter valued at about $374,000. Finally, OLD National Bancorp IN purchased a new stake in Akamai Technologies in the fourth quarter valued at about $229,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies Trading Down 2.7%

Shares of AKAM opened at $99.35 on Friday. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 3.70 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28. Akamai Technologies has a 1-year low of $67.51 and a 1-year high of $104.97. The company has a 50-day moving average of $89.67 and a 200 day moving average of $81.64.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.22. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The company’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 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. On average, research analysts expect that Akamai Technologies will post 4.6 EPS for the current 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.