Akamai Technologies (NASDAQ:AKAM) Price Target Raised to $90.00

by · The Markets Daily

Akamai Technologies (NASDAQ:AKAM – Free Report) had its price target raised by Royal Bank Of Canada from $80.00 to $90.00 in a report issued on Monday, Marketbeat.com reports. The firm currently has a sector perform rating on the technology infrastructure company’s stock.

AKAM has been the subject of several other reports. Jefferies Financial Group cut shares of Akamai Technologies to an “underperform” rating in a research report on Monday, December 15th. Piper Sandler upped their price objective on Akamai Technologies from $83.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Raymond James Financial increased their price objective on Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, November 10th. DA Davidson restated a “buy” rating and set a $115.00 target price on shares of Akamai Technologies in a research note on Thursday, October 16th. Finally, Bank of America lowered their price target on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, October 20th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $92.89.

Read Our Latest Report on Akamai Technologies

Akamai Technologies Stock Performance

Shares of 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 company has a market cap of $12.69 billion, a PE ratio of 25.86, a P/E/G ratio of 3.20 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. The business has a 50-day simple moving average of $85.99 and a 200-day simple moving average of $80.05.

Akamai Technologies (NASDAQ:AKAM – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.22. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. 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, equities research analysts forecast that Akamai Technologies will post 4.6 EPS for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

In related news, COO Adam Karon sold 3,320 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $87.30, for a total transaction of $289,836.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mani Sundaram sold 10,438 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $89.25, for a total value of $931,591.50. Following the completion of the transaction, the executive vice president owned 13,550 shares in the company, valued at $1,209,337.50. This trade represents a 43.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 23,818 shares of company stock valued at $2,099,904. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AKAM. Brighton Jones LLC lifted its holdings in shares of Akamai Technologies by 101.4% during the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after purchasing an additional 2,022 shares during the period. Advisors Asset Management Inc. raised its position in Akamai Technologies by 13.8% during the 1st quarter. Advisors Asset Management Inc. now owns 18,032 shares of the technology infrastructure company’s stock worth $1,452,000 after buying an additional 2,180 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Akamai Technologies by 6.1% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 38,484 shares of the technology infrastructure company’s stock worth $3,098,000 after acquiring an additional 2,210 shares during the period. UniSuper Management Pty Ltd raised its holdings in Akamai Technologies by 6.6% during the first quarter. UniSuper Management Pty Ltd now owns 43,798 shares of the technology infrastructure company’s stock worth $3,526,000 after purchasing an additional 2,705 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Akamai Technologies by 35.2% in the first quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after purchasing an additional 283 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

About Akamai Technologies

(Get Free Report)

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.

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