Akamai Technologies (NASDAQ:AKAM) Stock Price Expected to Rise, Piper Sandler Analyst Says

Akamai Technologies (NASDAQ:AKAM) had its price objective increased by equities research analysts at Piper Sandler from $86.00 to $89.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology infrastructure company’s stock. Piper Sandler’s price objective points to a potential upside of 2.77% from the company’s previous close.

A number of other brokerages have also weighed in on AKAM. The Goldman Sachs Group lifted their price target on shares of Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a research note on Friday, November 7th. Morgan Stanley lowered their target price on shares of Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. Citigroup lifted their price target on Akamai Technologies from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. TD Cowen lifted their price target on Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a research note on Thursday, November 13th. Finally, Raymond James Financial upped their target price on Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.89.

Akamai Technologies Price Performance

AKAM traded up $1.51 during midday trading on Monday, reaching $86.61. 372,630 shares of the company’s stock were exchanged, compared to its average volume of 974,179. The business has a 50-day simple moving average of $85.22 and a two-hundred day simple moving average of $79.87. Akamai Technologies has a one year low of $67.51 and a one year high of $103.75. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 3.07 and a beta of 0.68. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results 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 company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. Akamai Technologies’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company 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, research analysts predict that Akamai Technologies will post 4.6 EPS for the current year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $86.00, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mani Sundaram sold 10,438 shares of Akamai Technologies stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $89.25, for a total value of $931,591.50. Following the completion of the sale, the executive vice president owned 13,550 shares in the company, valued at approximately $1,209,337.50. This represents a 43.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 23,818 shares of company stock valued at $2,099,904. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Akamai Technologies by 295.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after acquiring an additional 251 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Akamai Technologies by 130.0% in the third quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock worth $26,000 after purchasing an additional 195 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Akamai Technologies by 566.7% in the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock valued at $26,000 after acquiring an additional 289 shares in the last quarter. Wolff Wiese Magana LLC boosted its position 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 worth $30,000 after acquiring an additional 333 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Akamai Technologies during the 3rd quarter valued at about $30,000. Institutional investors 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.