Analysts Set Akamai Technologies, Inc. (NASDAQ:AKAM) Target Price at $92.72

Akamai Technologies, Inc. (NASDAQ:AKAM) has earned a consensus rating of “Hold” from the twenty-one brokerages that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $93.50.

Several research analysts have issued reports on the company. Citigroup increased their price objective on Akamai Technologies from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. DA Davidson reiterated a “buy” rating and set a $115.00 target price on shares of Akamai Technologies in a research report on Thursday, October 16th. Raymond James Financial lifted their price target on shares of Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, November 10th. President Capital upped their price objective on shares of Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Bank of America dropped their price objective on shares of Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, October 20th.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $88.12 on Monday. The firm has a market capitalization of $12.68 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 3.09 and a beta of 0.68. 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 has a 12-month low of $67.51 and a 12-month high of $103.75. The firm has a 50-day moving average price of $86.49 and a 200 day moving average price of $80.15.

Akamai Technologies (NASDAQ:AKAM) last released 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. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.The company 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 earnings per share. The company’s quarterly revenue 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. Research analysts anticipate that Akamai Technologies will post 4.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Adam Karon sold 3,320 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $87.30, for a total transaction of $289,836.00. Following the sale, the chief operating officer owned 7,785 shares in the company, valued at approximately $679,630.50. This represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 directly owned 13,550 shares of the company’s stock, valued at $1,209,337.50. This represents a 43.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 23,818 shares of company stock valued at $2,099,904. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

Hedge funds have recently added to or reduced their stakes in the stock. DLD Asset Management LP raised its stake in shares of Akamai Technologies by 60.0% in the second quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company’s stock worth $1,595,200,000 after acquiring an additional 7,500,000 shares during the last quarter. First Trust Advisors LP raised its position in Akamai Technologies by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 6,061,962 shares of the technology infrastructure company’s stock worth $483,502,000 after purchasing an additional 281,526 shares during the last quarter. Nordea Investment Management AB raised its position in Akamai Technologies by 39.9% in the 3rd quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock worth $258,739,000 after purchasing an additional 980,966 shares during the last quarter. Norges Bank acquired a new position in Akamai Technologies during the 2nd quarter worth $266,817,000. Finally, Invesco Ltd. boosted its position in Akamai Technologies by 5.8% in the 3rd quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock valued at $245,394,000 after buying an additional 177,756 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.