What is DA Davidson’s Estimate for AKAM FY2025 Earnings?

Akamai Technologies, Inc. (NASDAQ:AKAM) – Analysts at DA Davidson raised their FY2025 EPS estimates for shares of Akamai Technologies in a research note issued to investors on Thursday, December 19th. DA Davidson analyst R. Kessinger now anticipates that the technology infrastructure company will earn $4.72 per share for the year, up from their prior forecast of $4.55. The consensus estimate for Akamai Technologies’ current full-year earnings is $4.29 per share.

A number of other research firms have also recently weighed in on AKAM. Scotiabank dropped their price objective on shares of Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. Oppenheimer upgraded Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research report on Monday, December 2nd. Robert W. Baird cut their target price on Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. UBS Group started coverage on Akamai Technologies in a research note on Monday, December 16th. They issued a “neutral” rating and a $110.00 price target for the company. Finally, Evercore ISI restated an “outperform” rating and set a $110.00 price objective on shares of Akamai Technologies in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Akamai Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $116.85.

Akamai Technologies Trading Up 0.3 %

NASDAQ:AKAM opened at $96.91 on Monday. Akamai Technologies has a 12-month low of $84.70 and a 12-month high of $129.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33. The business has a 50 day simple moving average of $97.25 and a 200 day simple moving average of $96.84. The firm has a market capitalization of $14.56 billion, a P/E ratio of 28.67, a P/E/G ratio of 3.83 and a beta of 0.65.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AKAM. Farther Finance Advisors LLC boosted its stake in Akamai Technologies by 85.7% during the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock worth $25,000 after buying an additional 114 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Akamai Technologies during the 2nd quarter valued at about $28,000. Eastern Bank acquired a new stake in shares of Akamai Technologies during the 3rd quarter valued at about $71,000. Covestor Ltd increased its stake in Akamai Technologies by 67.7% in the third quarter. Covestor Ltd now owns 887 shares of the technology infrastructure company’s stock valued at $90,000 after acquiring an additional 358 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in Akamai Technologies during the third quarter worth about $102,000. 94.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CTO Robert Blumofe sold 2,500 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $88.61, for a total transaction of $221,525.00. Following the transaction, the chief technology officer now owns 19,510 shares of the company’s stock, valued at approximately $1,728,781.10. This represents a 11.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Edward J. Mcgowan sold 10,782 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $98.71, for a total value of $1,064,291.22. Following the completion of the sale, the chief financial officer now owns 12,716 shares of the company’s stock, valued at approximately $1,255,196.36. This trade represents a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,282 shares of company stock valued at $1,733,716 in the last three months. Insiders own 1.80% of the company’s stock.

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.