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

Akamai Technologies (NASDAQ:AKAM) had its price objective lifted by Citigroup from $88.00 to $103.00 in a report released on Friday. The firm currently has a “neutral” rating on the technology infrastructure company’s stock. Citigroup’s price target points to a potential upside of 10.28% from the stock’s previous close.

Other equities research analysts have also issued research reports about 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 research note on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a report on Monday, December 29th. HSBC increased their target price on Akamai Technologies from $130.00 to $134.00 in a research note on Monday, November 10th. Jefferies Financial Group cut shares of Akamai Technologies to an “underperform” rating in a research note on Monday, December 15th. Finally, TD Cowen lifted their price objective on Akamai Technologies from $98.00 to $104.00 and gave the stock a “hold” rating in a report on Thursday, November 13th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and an average target price of $96.11.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $93.40 on Friday. Akamai Technologies has a fifty-two week low of $67.51 and a fifty-two week high of $103.75. The firm’s fifty day moving average price is $87.88 and its 200-day moving average price is $80.45. The stock has a market cap of $13.44 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 3.28 and a beta of 0.68. 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 posted its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.04 billion. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period 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. On average, equities research analysts expect that Akamai Technologies will post 4.6 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In other news, CFO Edward J. Mcgowan sold 6,560 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $88.03, for a total transaction of $577,476.80. Following the transaction, the chief financial officer owned 16,442 shares of the company’s stock, valued at approximately $1,447,389.26. The trade was a 28.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Adam Karon sold 3,320 shares of Akamai Technologies stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $87.30, for a total transaction of $289,836.00. Following the transaction, the chief operating officer directly owned 7,785 shares of the company’s stock, valued at $679,630.50. The trade was a 29.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,818 shares of company stock worth $2,550,754 in the last quarter. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. DLD Asset Management LP raised its holdings in shares of Akamai Technologies by 60.0% in the second quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company’s stock valued at $1,595,200,000 after acquiring an additional 7,500,000 shares in the last quarter. Norges Bank bought a new stake in shares of Akamai Technologies in the 2nd quarter valued at about $266,817,000. AQR Capital Management LLC lifted its position in shares of Akamai Technologies by 522.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock worth $153,061,000 after purchasing an additional 1,695,937 shares during the period. Alyeska Investment Group L.P. lifted its position in shares of Akamai Technologies by 570.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock worth $123,795,000 after purchasing an additional 1,390,167 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Akamai Technologies by 39.9% during the third quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock valued at $258,739,000 after purchasing an additional 980,966 shares in the last quarter. 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.