Analysts Set Akamai Technologies, Inc. (NASDAQ:AKAM) PT at $93.63

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) have been given a consensus recommendation of “Hold” by the twenty-one brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $93.6316.

A number of analysts recently weighed in on AKAM shares. Raymond James Financial increased their price objective on shares of Akamai Technologies from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. Oppenheimer assumed coverage on Akamai Technologies in a report on Monday. They issued an “outperform” rating and a $100.00 price target on the stock. Bank of America decreased their price target on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, October 20th. President Capital upped their price objective on Akamai Technologies from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Weiss Ratings upgraded Akamai Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, November 13th.

Akamai Technologies Price Performance

NASDAQ:AKAM opened at $87.74 on Friday. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 3.49 and a beta of 0.72. The business has a 50 day simple moving average of $77.38 and a 200-day simple moving average of $77.65. Akamai Technologies has a 1 year low of $67.51 and a 1 year high of $103.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data 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 business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 earnings per share. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. Equities analysts forecast that Akamai Technologies will post 4.6 EPS for the current year.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $86.00, for a total value of $301,000.00. Following the completion of the sale, the chief technology officer directly owned 24,410 shares of the company’s stock, valued at $2,099,260. The trade was a 12.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $76.65, for a total transaction of $383,250.00. Following the completion of the transaction, the executive vice president owned 27,349 shares in the company, valued at $2,096,300.85. This represents a 15.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,500 shares of company stock valued at $915,250 in the last quarter. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Akamai Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of Akamai Technologies in the 3rd quarter worth $105,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Akamai Technologies in the third quarter valued at about $2,347,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Akamai Technologies by 14.4% in the third quarter. CANADA LIFE ASSURANCE Co now owns 544,706 shares of the technology infrastructure company’s stock valued at $41,513,000 after acquiring an additional 68,580 shares in the last quarter. Caxton Associates LLP purchased a new stake in Akamai Technologies in the third quarter worth about $1,364,000. Finally, Wiser Advisor Group LLC bought a new position in Akamai Technologies during the 3rd quarter worth about $50,000. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.