Brokerages Set Akamai Technologies, Inc. (NASDAQ:AKAM) PT at $92.72

Akamai Technologies, Inc. (NASDAQ:AKAM) has earned an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $92.8889.

Several brokerages recently commented on AKAM. Jefferies Financial Group lowered Akamai Technologies to an “underperform” rating in a report on Monday, December 15th. Raymond James Financial lifted their target price 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. Scotiabank dropped their price target on Akamai Technologies from $95.00 to $94.00 and set a “hold” rating for the company in a research note on Friday, November 7th. Piper Sandler raised their price objective on Akamai Technologies from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Monday. Finally, TD Cowen boosted their price target on shares of Akamai Technologies from $98.00 to $104.00 and gave the stock a “hold” rating in a research report on Thursday, November 13th.

Akamai Technologies Trading Down 0.6%

Akamai Technologies stock opened at $88.18 on Monday. Akamai Technologies has a one year low of $67.51 and a one year high of $103.75. The business’s fifty day moving average is $85.99 and its 200 day moving average is $80.05. The stock has a market capitalization of $12.69 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 3.20 and a beta of 0.68. 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 (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.22. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $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. On average, sell-side analysts predict that Akamai Technologies will post 4.6 EPS for the current year.

Insider Buying and Selling

In other Akamai Technologies news, COO Adam Karon sold 3,320 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $87.30, for a total value of $289,836.00. Following the completion of the sale, the chief operating officer owned 7,785 shares of the company’s stock, valued at $679,630.50. This trade 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 available at this hyperlink. Also, EVP Mani Sundaram sold 10,438 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $89.25, for a total value of $931,591.50. Following the sale, 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 23,818 shares of company stock worth $2,099,904. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Akamai Technologies

Several large investors have recently added to or reduced their stakes in the stock. DLD Asset Management LP grew its holdings in Akamai Technologies by 60.0% during the 2nd 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 in the last quarter. Norges Bank purchased a new position in Akamai Technologies in the second quarter worth $266,817,000. AQR Capital Management LLC boosted its position in shares of Akamai Technologies by 522.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock worth $153,061,000 after purchasing an additional 1,695,937 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in Akamai Technologies by 570.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock worth $123,795,000 after buying an additional 1,390,167 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in 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 in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.