The Goldman Sachs Group Issues Positive Forecast for Akamai Technologies (NASDAQ:AKAM) Stock Price

Akamai Technologies (NASDAQ:AKAM) had its target price upped by investment analysts at The Goldman Sachs Group from $67.00 to $69.00 in a report issued on Friday,MarketScreener reports. The brokerage currently has a “sell” rating on the technology infrastructure company’s stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 17.60% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings upgraded Akamai Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 24th. Wall Street Zen raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Scotiabank reduced their target price on shares of Akamai Technologies from $95.00 to $94.00 and set a “hold” rating on the stock in a report on Friday. President Capital lifted their price target on shares of Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Friday. Finally, Bank of America cut their price objective on shares of Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Akamai Technologies presently has an average rating of “Hold” and a consensus price target of $93.80.

Akamai Technologies Stock Up 14.7%

Akamai Technologies stock opened at $83.74 on Friday. The stock’s 50 day moving average price is $75.93 and its 200 day moving average price is $77.23. Akamai Technologies has a 1-year low of $67.51 and a 1-year high of $103.75. The company has a market cap of $12.01 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72. 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 announced its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.64 by $0.22. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the business earned $1.59 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. On average, sell-side analysts predict that Akamai Technologies will post 4.6 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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 value of $383,250.00. Following the completion of the sale, the executive vice president owned 27,349 shares of the company’s stock, valued at $2,096,300.85. This represents a 15.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total value of $303,040.00. Following the sale, the executive vice president owned 21,211 shares in the company, valued at approximately $1,606,945.36. The trade was a 15.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 15,500 shares of company stock valued at $1,218,290. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. DLD Asset Management LP boosted its holdings in 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 purchasing an additional 7,500,000 shares during the period. Vanguard Group Inc. lifted its position in shares of Akamai Technologies by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock worth $1,503,205,000 after buying an additional 425,461 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of 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 valued at $483,502,000 after buying an additional 281,526 shares during the period. Nordea Investment Management AB grew its position in shares of Akamai Technologies by 39.9% during the 3rd quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock valued at $258,739,000 after buying an additional 980,966 shares during the last quarter. Finally, Norges Bank acquired a new stake in Akamai Technologies during the second quarter worth about $266,817,000. 94.28% of the stock is owned by institutional investors and hedge funds.

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.