Piper Sandler Issues Positive Forecast for Akamai Technologies (NASDAQ:AKAM) Stock Price

Akamai Technologies (NASDAQ:AKAM) had its price target increased by Piper Sandler from $83.00 to $86.00 in a report published on Friday,Benzinga reports. The firm currently has a neutral rating on the technology infrastructure company’s stock.

AKAM has been the subject of a number of other reports. Scotiabank decreased 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. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings raised shares of Akamai Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 24th. The Goldman Sachs Group began coverage on shares of Akamai Technologies in a research report on Wednesday, August 13th. They issued a “sell” rating and a $67.00 price target for the company. Finally, Morgan Stanley downgraded shares of Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price objective on the stock. in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.80.

Akamai Technologies Stock Up 14.7%

Shares of NASDAQ:AKAM traded up $10.74 during trading on Friday, hitting $83.74. 9,626,638 shares of the company were exchanged, compared to its average volume of 2,280,403. The firm’s 50 day moving average price is $75.93 and its 200-day moving average price is $77.23. Akamai Technologies has a 12-month low of $67.51 and a 12-month high of $103.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. The stock has a market capitalization of $12.01 billion, a P/E ratio of 29.70, a PEG ratio of 3.49 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.64 by $0.22. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business earned $1.59 EPS. 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. Q4 2025 guidance at 1.650-1.850 EPS. On average, research analysts predict that Akamai Technologies will post 4.6 earnings per share for the current fiscal year.

Insider Activity

In other Akamai Technologies news, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $76.65, for a total value of $383,250.00. Following the sale, the executive vice president owned 27,349 shares of the company’s stock, valued at approximately $2,096,300.85. The trade was a 15.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total value of $303,040.00. Following the transaction, the executive vice president directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,500 shares of company stock valued at $1,218,290 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. NEOS Investment Management LLC lifted its holdings in Akamai Technologies by 42.7% in the third quarter. NEOS Investment Management LLC now owns 13,003 shares of the technology infrastructure company’s stock valued at $985,000 after acquiring an additional 3,888 shares during the period. Rothschild Investment LLC increased its holdings in shares of Akamai Technologies by 15,623.1% in the 3rd quarter. Rothschild Investment LLC now owns 4,088 shares of the technology infrastructure company’s stock valued at $310,000 after purchasing an additional 4,062 shares in the last quarter. Merit Financial Group LLC lifted its stake in shares of Akamai Technologies by 59.3% in the third quarter. Merit Financial Group LLC now owns 8,200 shares of the technology infrastructure company’s stock valued at $621,000 after purchasing an additional 3,052 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its holdings in Akamai Technologies by 94.5% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 64,829 shares of the technology infrastructure company’s stock worth $4,908,000 after buying an additional 31,498 shares in the last quarter. Finally, Zions Bancorporation National Association UT grew its position in Akamai Technologies by 1,097.1% during the third quarter. Zions Bancorporation National Association UT now owns 4,932 shares of the technology infrastructure company’s stock worth $374,000 after buying an additional 4,520 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.