Akamai Technologies (NASDAQ:AKAM) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Akamai Technologies (NASDAQ:AKAM) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Several other equities research analysts also recently commented on AKAM. Oppenheimer assumed coverage on shares of Akamai Technologies in a research note on Monday, November 17th. They set an “outperform” rating and a $100.00 price objective for the company. Citigroup increased their price objective on Akamai Technologies from $88.00 to $103.00 and gave the company a “neutral” rating in a report on Friday, January 16th. DA Davidson reaffirmed a “buy” rating and set a $115.00 target price on shares of Akamai Technologies in a report on Thursday, October 16th. Scotiabank increased their price target on shares of Akamai Technologies from $94.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Friday, January 9th. Finally, Royal Bank Of Canada lifted their price objective on shares of Akamai Technologies from $80.00 to $90.00 and gave the company a “sector perform” rating in a research note on Monday, January 5th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Akamai Technologies has a consensus rating of “Hold” and an average price target of $96.11.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $97.15 on Friday. Akamai Technologies has a fifty-two week low of $67.51 and a fifty-two week high of $104.97. The company has a market capitalization of $13.98 billion, a PE ratio of 28.49, a P/E/G ratio of 3.60 and a beta of 0.68. The company has a 50 day moving average price of $89.83 and a 200-day moving average price of $81.81. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.28 and a current ratio of 2.28.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.22. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. Akamai Technologies’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. As a group, equities analysts forecast that Akamai Technologies will post 4.6 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Robert Blumofe sold 3,500 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $97.00, for a total value of $339,500.00. Following the completion of the sale, the chief technology officer owned 18,074 shares of the company’s stock, valued at approximately $1,753,178. The trade was a 16.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $90.17, for a total transaction of $450,850.00. Following the sale, the executive vice president directly owned 17,513 shares of the company’s stock, valued at $1,579,147.21. This represents a 22.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,318 shares of company stock valued at $2,890,254 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

A number of hedge funds have recently made changes to their positions in the company. JFS Wealth Advisors LLC raised its stake in Akamai Technologies by 626.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after purchasing an additional 263 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Akamai Technologies by 295.3% in the third 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 in the last quarter. Smartleaf Asset Management LLC boosted its position in Akamai Technologies by 566.7% during 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. TD Waterhouse Canada Inc. grew its stake in Akamai Technologies by 130.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock valued at $26,000 after acquiring an additional 195 shares in the last quarter. Finally, WealthCollab LLC raised its holdings in Akamai Technologies by 154.2% in the 4th quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock valued at $34,000 after acquiring an additional 239 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.