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

Akamai Technologies, Inc. (NASDAQ:AKAM) has been given a consensus recommendation of “Hold” by the twenty-one brokerages that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $96.1111.

Several brokerages have issued reports on AKAM. HSBC increased their price objective on shares of Akamai Technologies from $130.00 to $134.00 in a research report on Monday, November 10th. The Goldman Sachs Group raised their price target on shares of Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a report on Friday, November 7th. Jefferies Financial Group downgraded shares of Akamai Technologies to an “underperform” rating in a research note on Monday, December 15th. Wall Street Zen downgraded Akamai Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, DA Davidson reaffirmed a “buy” rating and set a $115.00 target price on shares of Akamai Technologies in a research report on Thursday, October 16th.

Akamai Technologies Price Performance

AKAM opened at $91.79 on Friday. Akamai Technologies has a 52-week low of $67.51 and a 52-week high of $104.97. The company has a 50 day moving average of $90.02 and a two-hundred day moving average of $82.07. The company has a market cap of $13.21 billion, a P/E ratio of 26.92, a P/E/G ratio of 3.50 and a beta of 0.70. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87.

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

Insiders Place Their Bets

In other news, COO Adam Karon sold 3,320 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $87.30, for a total value of $289,836.00. Following the completion of the sale, the chief operating officer owned 7,785 shares of the company’s stock, valued at approximately $679,630.50. The trade was a 29.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $90.17, for a total transaction of $450,850.00. Following the transaction, the executive vice president directly owned 17,513 shares in the company, valued at $1,579,147.21. The trade was a 22.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 32,318 shares of company stock valued at $2,890,254. 2.00% of the stock is owned by insiders.

Institutional Trading of Akamai Technologies

Several hedge funds have recently made changes to their positions in the stock. JFS Wealth Advisors LLC increased its position in Akamai Technologies by 626.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after buying an additional 263 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Akamai Technologies by 295.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock worth $26,000 after acquiring an additional 251 shares during the period. Smartleaf Asset Management LLC lifted its position in 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 purchasing an additional 289 shares during the last quarter. TD Waterhouse Canada Inc. boosted 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 purchasing an additional 195 shares during the period. Finally, WealthCollab LLC grew its position in Akamai Technologies by 154.2% in the 4th quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock worth $34,000 after purchasing an additional 239 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Company Profile

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.