Akamai Technologies (NASDAQ:AKAM) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Akamai Technologies (NASDAQ:AKAM) from an underweight rating to an overweight rating in a report published on Monday, MarketBeat Ratings reports. The brokerage currently has $115.00 price target on the technology infrastructure company’s stock, up from their prior price target of $83.00.

A number of other brokerages have also recently weighed in on AKAM. The Goldman Sachs Group lifted their price target on Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a research note on Friday, November 7th. TD Cowen lifted their target price on shares of Akamai Technologies from $98.00 to $104.00 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Raymond James Financial boosted their price target on shares of Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, November 10th. Royal Bank Of Canada raised their price objective on shares of Akamai Technologies from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Monday, January 5th. Finally, DA Davidson reiterated a “buy” rating and issued a $115.00 target price on shares of Akamai Technologies in a research report on Thursday, October 16th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Akamai Technologies presently has a consensus rating of “Hold” and a consensus target price of $95.28.

Akamai Technologies Stock Up 2.0%

AKAM stock opened at $90.65 on Monday. The firm has a market cap of $13.04 billion, a PE ratio of 26.58, a P/E/G ratio of 3.20 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 debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a 50 day simple moving average of $87.51 and a 200 day simple moving average of $80.37.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.22. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 earnings per share. 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. Equities research analysts forecast that Akamai Technologies will post 4.6 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, COO Adam Karon sold 3,320 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $87.30, for a total value of $289,836.00. Following the completion of the transaction, the chief operating officer owned 7,785 shares of the company’s stock, valued at $679,630.50. This represents a 29.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Robert Blumofe sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $86.00, for a total value 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. This represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 23,818 shares of company stock valued at $2,099,904 in the last ninety days. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Akamai Technologies

Several institutional investors and hedge funds have recently bought and sold shares of AKAM. Beacon Investment Advisory Services Inc. lifted its holdings in shares of Akamai Technologies by 6.0% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 4,104 shares of the technology infrastructure company’s stock worth $358,000 after acquiring an additional 232 shares during the period. Pallas Capital Advisors LLC bought a new position in Akamai Technologies during the fourth quarter worth about $248,000. JFS Wealth Advisors LLC lifted its stake in Akamai Technologies by 626.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after purchasing an additional 263 shares during the period. Global X Japan Co. Ltd. boosted its holdings in Akamai Technologies by 3,826.4% during the fourth quarter. Global X Japan Co. Ltd. now owns 3,573 shares of the technology infrastructure company’s stock valued at $312,000 after purchasing an additional 3,482 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Akamai Technologies in the 4th quarter valued at approximately $326,000. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.