Akamai Technologies (NASDAQ:AKAM) Price Target Raised to $89.00

Akamai Technologies (NASDAQ:AKAM) had its target price hoisted by equities research analysts at Piper Sandler from $86.00 to $89.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the technology infrastructure company’s stock. Piper Sandler’s price objective indicates a potential upside of 2.77% from the company’s current price.

AKAM has been the subject of a number of other reports. Oppenheimer initiated coverage on shares of Akamai Technologies in a research report on Monday, November 17th. They set an “outperform” rating and a $100.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research note on Monday, December 29th. The Goldman Sachs Group boosted their price objective on Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a research note on Friday, November 7th. Raymond James Financial increased their target price on shares of Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, November 10th. Finally, Royal Bank Of Canada lifted their price objective on Akamai Technologies from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $92.89.

Akamai Technologies Trading Up 1.8%

AKAM traded up $1.51 during trading on Monday, hitting $86.61. 372,630 shares of the stock were exchanged, compared to its average volume of 974,179. The firm has a 50 day simple moving average of $85.22 and a 200 day simple moving average of $79.87. Akamai Technologies has a 1 year low of $67.51 and a 1 year high of $103.75. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 3.07 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.28 and a current ratio of 2.28.

Akamai Technologies (NASDAQ:AKAM) last issued 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 quarter last year, the company earned $1.59 earnings per share. The firm’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 and its Q4 2025 guidance at 1.650-1.850 EPS. As a group, equities analysts expect that Akamai Technologies will post 4.6 EPS for the current year.

Insider Activity at Akamai Technologies

In other news, CFO Edward J. Mcgowan sold 6,560 shares of Akamai Technologies stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $88.03, for a total transaction of $577,476.80. Following the sale, the chief financial officer owned 16,442 shares in the company, valued at approximately $1,447,389.26. The trade was a 28.52% decrease in their ownership of the stock. The transaction 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 the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $89.25, for a total transaction of $931,591.50. Following the sale, the executive vice president owned 13,550 shares of the company’s stock, valued at $1,209,337.50. This trade represents a 43.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 23,818 shares of company stock worth $2,099,904. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. DLD Asset Management LP grew its holdings in Akamai Technologies by 60.0% during 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 period. First Trust Advisors LP grew its stake 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 in the last quarter. Nordea Investment Management AB increased its stake 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 worth $258,739,000 after purchasing an additional 980,966 shares during the last quarter. Norges Bank bought a new position in Akamai Technologies during the second quarter valued at about $266,817,000. Finally, Invesco Ltd. raised its stake in shares of 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 acquiring an additional 177,756 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

About Akamai Technologies

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.