Akamai Technologies, Inc. (NASDAQ:AKAM) Given Consensus Rating of "Hold" by Analysts

Key Points

• Akamai Technologies has received a consensus rating of "Hold" from 21 research firms, with 4 sell recommendations, 9 holds, 7 buys, and 1 strong buy.
• The average 1-year target price among analysts for Akamai is approximately $92.39.
• In recent insider activity, EVP Aaron Ahola sold 4,000 shares, representing a 15.87% decrease in his position, while CTO Robert Blumofe sold 3,000 shares, indicating significant insider trading activities.

Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) has received a consensus rating of "Hold" from the twenty-one research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $92.3889.

Several equities research analysts have recently issued reports on AKAM shares. The Goldman Sachs Group started coverage on Akamai Technologies in a report on Wednesday, August 13th. They issued a "sell" rating and a $67.00 target price on the stock. Wall Street Zen upgraded Akamai Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Zacks Research raised Akamai Technologies to a "hold" rating in a research note on Monday, August 11th. Scotiabank lowered their target price on Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating for the company in a research report on Friday, August 8th. Finally, Piper Sandler reduced their price target on shares of Akamai Technologies from $88.00 to $83.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th.

Insider Activity

In related news, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total value of $303,040.00. Following the completion of the transaction, the executive vice president owned 21,211 shares of the company's stock, valued at approximately $1,606,945.36. This trade represents a 15.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Robert Blumofe sold 3,000 shares of Akamai Technologies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $77.00, for a total value of $231,000.00. Following the completion of the transaction, the chief technology officer owned 27,910 shares of the company's stock, valued at approximately $2,149,070. This represents a 9.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,000 shares of company stock worth $1,305,990. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Akamai Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its position in shares of Akamai Technologies by 4.5% during the second quarter. Corient Private Wealth LLC now owns 27,597 shares of the technology infrastructure company's stock valued at $2,201,000 after buying an additional 1,180 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Akamai Technologies by 26.8% during the 2nd quarter. Osaic Holdings Inc. now owns 8,719 shares of the technology infrastructure company's stock worth $696,000 after acquiring an additional 1,845 shares during the last quarter. Orion Porfolio Solutions LLC purchased a new position in Akamai Technologies during the 2nd quarter valued at $218,000. Cim Investment Management Inc. grew its position in Akamai Technologies by 99.7% in the 2nd quarter. Cim Investment Management Inc. now owns 42,735 shares of the technology infrastructure company's stock valued at $3,749,000 after acquiring an additional 21,331 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Akamai Technologies in the second quarter worth $370,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Trading Up 0.9%

Shares of AKAM opened at $76.05 on Friday. The firm has a market cap of $10.90 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 3.62 and a beta of 0.77. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. Akamai Technologies has a 1 year low of $67.51 and a 1 year high of $106.80. The company has a 50 day simple moving average of $76.74 and a two-hundred day simple moving average of $77.69.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.18. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. Akamai Technologies's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 earnings per share. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. On average, equities analysts expect that Akamai Technologies will post 4.6 earnings per share for the current fiscal year.

About Akamai Technologies

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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