Analysts’ Recent Ratings Updates for Akamai Technologies (AKAM)

Several brokerages have updated their recommendations and price targets on shares of Akamai Technologies (NASDAQ: AKAM) in the last few weeks:

• 2/24/2025 – Akamai Technologies had its price target lowered by analysts at Citigroup Inc. from $102.00 to $95.00. They now have a “neutral” rating on the stock.
• 2/21/2025 – Akamai Technologies had its price target lowered by analysts at JPMorgan Chase & Co. from $76.00 to $72.00. They now have an “underweight” rating on the stock.
• 2/21/2025 – Akamai Technologies had its price target lowered by analysts at Royal Bank of Canada from $100.00 to $90.00. They now have a “sector perform” rating on the stock.
• 2/21/2025 – Akamai Technologies had its price target lowered by analysts at Scotiabank from $115.00 to $107.00. They now have a “sector outperform” rating on the stock.
• 2/21/2025 – Akamai Technologies had its price target lowered by analysts at Susquehanna from $110.00 to $105.00. They now have a “positive” rating on the stock.
• 2/21/2025 – Akamai Technologies had its price target lowered by analysts at Raymond James from $115.00 to $110.00. They now have an “outperform” rating on the stock.
• 2/21/2025 – Akamai Technologies was downgraded by analysts at Bank of America Co. from a “buy” rating to a “neutral” rating. They now have a $100.00 price target on the stock, down previously from $125.00.
• 2/21/2025 – Akamai Technologies was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $100.00 price target on the stock, down previously from $112.00.
• 2/21/2025 – Akamai Technologies had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 2/21/2025 – Akamai Technologies was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating. They now have a $90.00 price target on the stock.
• 2/21/2025 – Akamai Technologies was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $98.00 price target on the stock, down previously from $125.00.
• 1/17/2025 – Akamai Technologies had its price target lowered by analysts at Citigroup Inc. from $104.00 to $102.00. They now have a “neutral” rating on the stock.

Akamai Technologies Trading Up 3.4 %

AKAM stock traded up $2.62 on Monday, reaching $79.35. The company’s stock had a trading volume of 4,147,043 shares, compared to its average volume of 2,369,624. The business has a fifty day simple moving average of $96.15 and a two-hundred day simple moving average of $97.94. Akamai Technologies, Inc. has a 12-month low of $75.50 and a 12-month high of $113.36. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $11.92 billion, a PE ratio of 24.34, a PEG ratio of 3.50 and a beta of 0.65.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.33). Akamai Technologies had a net margin of 12.65% and a return on equity of 14.47%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. As a group, research analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Insiders Place Their Bets

In other Akamai Technologies news, Director William Raymond Wagner sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $93.38, for a total transaction of $93,380.00. Following the completion of the sale, the director now directly owns 15,719 shares of the company’s stock, valued at approximately $1,467,840.22. This represents a 5.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.57, for a total transaction of $366,280.00. Following the transaction, the executive vice president now owns 23,104 shares in the company, valued at $2,115,633.28. This represents a 14.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,782 shares of company stock valued at $1,523,951. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Akamai Technologies

Several institutional investors and hedge funds have recently bought and sold shares of AKAM. Allspring Global Investments Holdings LLC lifted its position in shares of Akamai Technologies by 14.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 102,175 shares of the technology infrastructure company’s stock valued at $10,315,000 after buying an additional 12,913 shares in the last quarter. Signaturefd LLC raised its stake in Akamai Technologies by 10.1% during the 3rd quarter. Signaturefd LLC now owns 1,402 shares of the technology infrastructure company’s stock worth $142,000 after acquiring an additional 129 shares during the period. Private Advisor Group LLC lifted its holdings in Akamai Technologies by 8.0% during the third quarter. Private Advisor Group LLC now owns 6,477 shares of the technology infrastructure company’s stock valued at $654,000 after purchasing an additional 477 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Akamai Technologies in the third quarter worth approximately $30,470,000. Finally, E. Ohman J or Asset Management AB boosted its position in shares of Akamai Technologies by 25.4% in the third quarter. E. Ohman J or Asset Management AB now owns 7,400 shares of the technology infrastructure company’s stock worth $747,000 after purchasing an additional 1,500 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.