Akamai Technologies (NASDAQ:AKAM) Stock Rating Lowered by Weiss Ratings

Akamai Technologies (NASDAQ:AKAM) was downgraded by research analysts at Weiss Ratings from a “hold (c-)” rating to a “sell (d+)” rating in a report released on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also recently commented on AKAM. Zacks Research raised Akamai Technologies to a “hold” rating in a research note on Monday, August 11th. Piper Sandler decreased their price objective on Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating for the company in a research note on Friday, August 8th. Scotiabank decreased their price objective on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a research note on Friday, August 8th. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, The Goldman Sachs Group started coverage on Akamai Technologies in a research note on Wednesday, August 13th. They set a “sell” rating and a $67.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $92.39.

Akamai Technologies Stock Down 1.6%

NASDAQ AKAM opened at $75.50 on Wednesday. The stock has a fifty day moving average of $76.25 and a 200-day moving average of $77.41. The stock has a market capitalization of $10.83 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 3.67 and a beta of 0.75. Akamai Technologies has a 52 week low of $67.51 and a 52 week high of $106.80. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.31 and a current ratio of 2.31.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.55 by $0.18. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned $1.58 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. 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 research analysts forecast that Akamai Technologies will post 4.6 EPS for the current year.

Insiders Place Their Bets

In other Akamai Technologies news, 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 transaction of $231,000.00. Following the transaction, the chief technology officer directly owned 27,910 shares in the company, valued at approximately $2,149,070. The trade was a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Aaron Ahola sold 4,000 shares of the business’s 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 sale, the executive vice president owned 21,211 shares in the company, 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 can be found here. Over the last ninety days, insiders have sold 17,000 shares of company stock worth $1,305,990. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Akamai Technologies

Institutional investors have recently modified their holdings of the company. WPG Advisers LLC bought a new stake in shares of Akamai Technologies in the first quarter valued at about $27,000. UMB Bank n.a. lifted its holdings in shares of Akamai Technologies by 50.8% in the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after purchasing an additional 133 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Akamai Technologies in the second quarter valued at about $32,000. MUFG Securities EMEA plc bought a new stake in shares of Akamai Technologies in the second quarter valued at about $35,000. Finally, Assetmark Inc. lifted its holdings in shares of Akamai Technologies by 198.1% in the second quarter. Assetmark Inc. now owns 474 shares of the technology infrastructure company’s stock valued at $38,000 after purchasing an additional 315 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

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.