Brokerages Set Akamai Technologies, Inc. (NASDAQ:AKAM) PT at $93.63

by · The Markets Daily

Akamai Technologies, Inc. (NASDAQ:AKAM – Get Free Report) has earned a consensus recommendation of “Hold” from the twenty-one research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $93.6316.

AKAM has been the topic of a number of research reports. Oppenheimer began coverage on Akamai Technologies in a report on Monday, November 17th. They issued an “outperform” rating and a $100.00 price objective on the stock. President Capital increased their price target on shares of Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a research note on Monday, December 8th. The Goldman Sachs Group upped their price objective on shares of Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a report on Friday, November 7th. Finally, Citigroup raised their target price on Akamai Technologies from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th.

Read Our Latest Analysis on AKAM

Akamai Technologies Stock Up 0.5%

AKAM stock opened at $85.88 on Thursday. The company has a 50 day moving average of $81.26 and a two-hundred day moving average of $78.74. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 3.16 and a beta of 0.68. Akamai Technologies has a 12-month low of $67.51 and a 12-month high of $103.75. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87.

Akamai Technologies (NASDAQ:AKAM – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share 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 business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $1.59 earnings per share. Akamai Technologies’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. On average, equities analysts anticipate that Akamai Technologies will post 4.6 earnings per share for the current fiscal year.

Insider Activity at Akamai Technologies

In other news, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $76.65, for a total value of $383,250.00. Following the transaction, the executive vice president owned 27,349 shares of the company’s stock, valued at $2,096,300.85. This trade represents a 15.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Robert Blumofe sold 3,500 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $86.00, for a total transaction of $301,000.00. Following the completion of the sale, the chief technology officer owned 24,410 shares of the company’s stock, valued at $2,099,260. The trade was a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 18,938 shares of company stock valued at $1,615,842. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Akamai Technologies by 295.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after buying an additional 251 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of Akamai Technologies by 130.0% in 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 grew its holdings in shares of Akamai Technologies by 566.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock worth $26,000 after purchasing an additional 289 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Akamai Technologies during the first quarter valued at approximately $27,000. Finally, Wolff Wiese Magana LLC increased its position in shares of Akamai Technologies by 497.0% during the third quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock valued at $30,000 after purchasing an additional 333 shares during the period. Institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

(Get Free Report)

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.

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