DA Davidson Lifts Earnings Estimates for Akamai Technologies

Akamai Technologies, Inc. (NASDAQ:AKAM) – Research analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for shares of Akamai Technologies in a research report issued on Thursday, December 19th. DA Davidson analyst R. Kessinger now forecasts that the technology infrastructure company will earn $4.72 per share for the year, up from their prior forecast of $4.55. The consensus estimate for Akamai Technologies’ current full-year earnings is $4.29 per share.

AKAM has been the subject of several other research reports. Evercore ISI reaffirmed an “outperform” rating and set a $110.00 price target on shares of Akamai Technologies in a research report on Tuesday, December 17th. Robert W. Baird cut their target price on Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Scotiabank lowered their price target on Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. UBS Group assumed coverage on Akamai Technologies in a report on Monday, December 16th. They issued a “neutral” rating and a $110.00 price objective on the stock. Finally, Oppenheimer upgraded Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 target price for the company in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Akamai Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.85.

Akamai Technologies Trading Up 1.4 %

NASDAQ AKAM opened at $95.89 on Monday. The company has a 50-day moving average of $97.51 and a 200-day moving average of $96.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33. Akamai Technologies has a 12 month low of $84.70 and a 12 month high of $129.17. The company has a market cap of $14.41 billion, a P/E ratio of 28.37, a P/E/G ratio of 3.83 and a beta of 0.65.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 10,782 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $98.71, for a total transaction of $1,064,291.22. Following the completion of the transaction, the chief financial officer now directly owns 12,716 shares of the company’s stock, valued at approximately $1,255,196.36. This trade represents a 45.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Robert Blumofe sold 2,500 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $88.61, for a total value of $221,525.00. Following the completion of the sale, the chief technology officer now directly owns 19,510 shares in the company, valued at $1,728,781.10. This represents a 11.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,282 shares of company stock valued at $1,733,716. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in Akamai Technologies by 5.1% during the third quarter. Geode Capital Management LLC now owns 4,197,009 shares of the technology infrastructure company’s stock valued at $423,066,000 after purchasing an additional 202,746 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Akamai Technologies by 1.3% in the second quarter. Earnest Partners LLC now owns 2,131,061 shares of the technology infrastructure company’s stock valued at $191,966,000 after buying an additional 28,135 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Akamai Technologies by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,732,750 shares of the technology infrastructure company’s stock valued at $156,088,000 after acquiring an additional 347,626 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in shares of Akamai Technologies by 6.3% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,499,760 shares of the technology infrastructure company’s stock worth $151,401,000 after acquiring an additional 88,732 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Akamai Technologies by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 892,356 shares of the technology infrastructure company’s stock worth $90,083,000 after acquiring an additional 11,272 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

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.