Akamai Technologies (NASDAQ:AKAM) Reaches New 1-Year High – Still a Buy?

Akamai Technologies, Inc. (NASDAQ:AKAM) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $104.58 and last traded at $102.4440, with a volume of 1480417 shares traded. The stock had previously closed at $98.66.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. President Capital lifted their target price on shares of Akamai Technologies from $104.00 to $116.00 and gave the company a “buy” rating in a report on Friday, November 7th. DA Davidson restated a “buy” rating and set a $115.00 price objective on shares of Akamai Technologies in a research note on Thursday, October 16th. Bank of America lowered their target price on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, October 20th. Piper Sandler boosted their price target on Akamai Technologies from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Finally, HSBC upped their price target on Akamai Technologies from $130.00 to $134.00 in a report on Monday, November 10th. Seven equities research analysts have rated the stock with 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, Akamai Technologies currently has an average rating of “Hold” and an average price target of $96.11.

Akamai Technologies Stock Performance

The company has a market capitalization of $14.99 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 3.44 and a beta of 0.68. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.87. The stock has a 50-day simple moving average of $88.80 and a 200-day simple moving average of $81.19.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.22. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The business’s revenue 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 and its Q4 2025 guidance at 1.650-1.850 EPS. On average, analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insider Buying and Selling at Akamai Technologies

In related news, COO Adam Karon sold 3,320 shares of Akamai Technologies stock in a transaction dated 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 directly owned 7,785 shares in the company, valued at approximately $679,630.50. This trade represents a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Edward J. Mcgowan sold 6,560 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $88.03, for a total value of $577,476.80. Following the sale, the chief financial officer owned 16,442 shares in the company, valued at $1,447,389.26. The trade was a 28.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 32,318 shares of company stock valued at $2,890,254. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

Hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Akamai Technologies by 295.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock worth $26,000 after buying an additional 251 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in Akamai Technologies by 130.0% during the third quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock worth $26,000 after acquiring an additional 195 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Akamai Technologies by 566.7% in the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock worth $26,000 after acquiring an additional 289 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Akamai Technologies by 626.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after acquiring an additional 263 shares during the period. Finally, Wolff Wiese Magana LLC grew its holdings in shares of Akamai Technologies by 497.0% during the third quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock valued at $30,000 after purchasing an additional 333 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

About Akamai Technologies

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.