Akamai Technologies (NASDAQ:AKAM) Sets New 1-Year High – Here’s What Happened

Akamai Technologies, Inc. (NASDAQ:AKAM) shares reached a new 52-week high on Tuesday . The company 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AKAM shares. Scotiabank lifted their price target on Akamai Technologies from $94.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Friday, January 9th. TD Cowen lifted their target price on Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a research report on Thursday, November 13th. Raymond James Financial increased their price target on Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a report on Monday, December 29th. Finally, DA Davidson reiterated a “buy” rating and issued a $115.00 target price on shares of Akamai Technologies in a research note on Thursday, October 16th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Akamai Technologies has a consensus rating of “Hold” and an average price target of $96.11.

Akamai Technologies Stock Down 2.7%

The stock has a 50 day moving average price of $89.43 and a 200 day moving average price of $81.52. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.28 and a current ratio of 2.28. The company has a market capitalization of $14.29 billion, a P/E ratio of 29.13, a PEG ratio of 3.74 and a beta of 0.68.

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, beating the consensus estimate of $1.64 by $0.22. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Equities research analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Adam Karon sold 3,320 shares of the business’s 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 sale, the chief operating officer directly owned 7,785 shares in the company, valued at approximately $679,630.50. The trade was a 29.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were 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 in the company, valued at approximately $1,579,147.21. This trade represents a 22.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 32,318 shares of company stock valued at $2,890,254. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Akamai Technologies

A number of institutional investors have recently modified their holdings of AKAM. Whittier Trust Co. of Nevada Inc. raised its holdings in 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 period. TD Waterhouse Canada Inc. grew 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 valued at $26,000 after purchasing an additional 195 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Akamai Technologies by 566.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 289 shares during the period. JFS Wealth Advisors LLC raised its stake in shares of Akamai Technologies by 626.2% during 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 period. Finally, Wolff Wiese Magana LLC lifted its holdings in Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock worth $30,000 after purchasing an additional 333 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.