TD Cowen Issues Positive Forecast for Akamai Technologies (NASDAQ:AKAM) Stock Price

Akamai Technologies (NASDAQ:AKAM) had its price objective increased by TD Cowen from $98.00 to $104.00 in a research report released on Thursday, Marketbeat.com reports. The brokerage currently has a hold rating on the technology infrastructure company’s stock.

AKAM has been the subject of several other research reports. DA Davidson restated a “buy” rating and set a $115.00 price target on shares of Akamai Technologies in a report on Thursday, October 16th. HSBC boosted their target price on shares of Akamai Technologies from $130.00 to $134.00 in a report on Monday. The Goldman Sachs Group boosted their price objective on Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a research note on Friday, November 7th. President Capital raised their target price on Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Piper Sandler boosted their price target on Akamai Technologies from $83.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Akamai Technologies presently has a consensus rating of “Hold” and a consensus target price of $93.63.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM traded down $1.50 during mid-day trading on Thursday, hitting $87.17. 3,715,585 shares of the stock traded hands, compared to its average volume of 2,331,776. The company has a market cap of $12.54 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72. Akamai Technologies has a twelve month low of $67.51 and a twelve 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 firm has a 50 day simple moving average of $76.84 and a two-hundred day simple moving average of $77.56.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.22. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $1.59 EPS. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. As a group, 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 other news, CTO Robert Blumofe sold 3,500 shares of Akamai Technologies 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 sale, the chief technology officer directly owned 24,410 shares in the company, valued at $2,099,260. The trade was a 12.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $76.65, for a total transaction of $383,250.00. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 15,500 shares of company stock worth $1,218,290. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. DLD Asset Management LP boosted its position in Akamai Technologies by 60.0% during the second quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company’s stock worth $1,595,200,000 after purchasing an additional 7,500,000 shares during the period. Vanguard Group Inc. raised its stake in shares of Akamai Technologies by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock valued at $1,503,205,000 after purchasing an additional 425,461 shares during the period. First Trust Advisors LP lifted its holdings in Akamai Technologies by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 6,061,962 shares of the technology infrastructure company’s stock worth $483,502,000 after purchasing an additional 281,526 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Akamai Technologies by 39.9% during the third quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock valued at $258,739,000 after buying an additional 980,966 shares during the period. Finally, Norges Bank bought a new position in shares of Akamai Technologies in the second quarter valued at approximately $266,817,000. Institutional investors 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.