Akamai Technologies (NASDAQ:AKAM) Lowered to “Hold” Rating by Wall Street Zen

Akamai Technologies (NASDAQ:AKAM) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

AKAM has been the subject of several other reports. President Capital increased their price objective on shares of Akamai Technologies from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Morgan Stanley raised shares of Akamai Technologies from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $83.00 to $115.00 in a report on Monday, January 12th. Raymond James Financial lifted 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. Scotiabank upped their target price on Akamai Technologies from $94.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Friday, January 9th. Finally, The Goldman Sachs Group raised their target price on Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a research note on Friday, November 7th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $96.11.

Akamai Technologies Stock Performance

Shares of AKAM opened at $97.15 on Friday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.87. The firm has a market cap of $13.98 billion, a PE ratio of 28.49, a P/E/G ratio of 3.60 and a beta of 0.68. Akamai Technologies has a 12 month low of $67.51 and a 12 month high of $104.97. The stock has a fifty day moving average price of $89.83 and a 200-day moving average price of $81.78.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.22. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $1.59 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. 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. Equities research analysts predict that Akamai Technologies will post 4.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Robert Blumofe sold 3,500 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $97.00, for a total value of $339,500.00. Following the sale, the chief technology officer owned 18,074 shares in the company, valued at $1,753,178. This represents a 16.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $90.17, for a total value of $450,850.00. Following the sale, the executive vice president directly owned 17,513 shares in the company, valued at approximately $1,579,147.21. This trade represents a 22.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 32,318 shares of company stock worth $2,890,254. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Akamai Technologies

Several institutional investors have recently made changes to their positions in AKAM. Brighton Jones LLC grew its position in Akamai Technologies by 101.4% during the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock valued at $384,000 after buying an additional 2,022 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Akamai Technologies by 35.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock worth $88,000 after acquiring an additional 283 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Akamai Technologies during the 1st quarter valued at about $266,000. Empowered Funds LLC increased its stake in shares of Akamai Technologies by 73.0% in the 1st quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock valued at $574,000 after purchasing an additional 3,010 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Akamai Technologies by 21.9% in the 2nd quarter. Signaturefd LLC now owns 1,790 shares of the technology infrastructure company’s stock worth $143,000 after purchasing an additional 322 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.