Akamai Technologies (NASDAQ:AKAM) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Akamai Technologies (NASDAQ:AKAM) from a buy rating to a hold rating in a report released on Saturday.

Several other equities analysts have also recently commented on AKAM. Scotiabank upped their price target on Akamai Technologies from $94.00 to $105.00 and gave the company a “sector outperform” rating in a report on Friday, January 9th. Jefferies Financial Group lowered Akamai Technologies to an “underperform” rating in a research note on Monday, December 15th. Raymond James Financial increased their price objective on shares of Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. TD Cowen lifted their target price on shares of Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a research report on Thursday, November 13th. Finally, Royal Bank Of Canada upped their target price on shares of Akamai Technologies from $80.00 to $90.00 and gave the company a “sector perform” rating in a research note on Monday, January 5th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Akamai Technologies has an average rating of “Hold” and a consensus price target of $96.11.

Akamai Technologies Stock Performance

Shares of AKAM opened at $96.63 on Friday. The company has a market capitalization of $13.90 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 3.52 and a beta of 0.70. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28. Akamai Technologies has a one year low of $67.51 and a one year high of $104.97. The company’s fifty day moving average price is $89.99 and its 200 day moving average price is $81.98.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share 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 revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company 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. As a group, analysts expect that Akamai Technologies will post 4.6 earnings per share for the current year.

Insider Buying and Selling

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $97.00, for a total value of $339,500.00. Following the completion of the transaction, the chief technology officer directly owned 18,074 shares of the company’s stock, valued at approximately $1,753,178. The trade was a 16.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mani Sundaram sold 10,438 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $89.25, for a total transaction of $931,591.50. Following the sale, the executive vice president directly owned 13,550 shares in the company, valued at $1,209,337.50. This trade represents a 43.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 32,318 shares of company stock valued at $2,890,254 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Akamai Technologies

Large investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its stake 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 valued at $26,000 after purchasing an additional 251 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings 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 worth $26,000 after acquiring an additional 195 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of 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 period. JFS Wealth Advisors LLC increased its holdings 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 valued at $27,000 after purchasing an additional 263 shares during the last quarter. Finally, Wolff Wiese Magana LLC lifted its stake in Akamai Technologies by 497.0% in the third quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock valued at $30,000 after buying an additional 333 shares during the period. Institutional investors and hedge funds 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.