Equities Analysts Set Expectations for AKAM FY2025 Earnings

Akamai Technologies, Inc. (NASDAQ:AKAM) – Analysts at DA Davidson upped their FY2025 earnings per share 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.

Other research analysts also recently issued research reports about the stock. Robert W. Baird reduced their price target on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Tigress Financial reissued a “strong-buy” rating and set a $140.00 price target on shares of Akamai Technologies in a research note on Thursday, August 29th. HSBC upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Monday, November 11th. Oppenheimer raised Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 target price for the company in a research note on Monday, December 2nd. Finally, Hsbc Global Res raised Akamai Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.85.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $96.91 on Monday. The business’s fifty day moving average is $97.25 and its two-hundred day moving average is $96.84. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $14.56 billion, a P/E ratio of 28.67, a P/E/G ratio of 3.83 and a beta of 0.65. Akamai Technologies has a 52 week low of $84.70 and a 52 week high of $129.17.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $88.63, for a total value of $354,520.00. Following the transaction, the executive vice president now directly owns 26,703 shares of the company’s stock, valued at $2,366,686.89. This represents a 13.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William Raymond Wagner sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total transaction of $93,380.00. Following the transaction, the director now directly owns 15,719 shares in the company, valued at approximately $1,467,840.22. This represents a 5.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,282 shares of company stock worth $1,733,716 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Trading of Akamai Technologies

A number of institutional investors have recently modified their holdings of AKAM. 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 worth $156,088,000 after buying an additional 347,626 shares during the last quarter. Geode Capital Management LLC increased its position in Akamai Technologies by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,197,009 shares of the technology infrastructure company’s stock worth $423,066,000 after purchasing an additional 202,746 shares in the last quarter. Empyrean Capital Partners LP acquired a new position in shares of Akamai Technologies during the second quarter worth $15,314,000. Renaissance Technologies LLC lifted its stake in shares of Akamai Technologies by 33.3% in the 2nd quarter. Renaissance Technologies LLC now owns 651,400 shares of the technology infrastructure company’s stock valued at $58,678,000 after acquiring an additional 162,700 shares during the last quarter. Finally, Distillate Capital Partners LLC acquired a new stake in shares of Akamai Technologies during the 2nd quarter valued at $14,130,000. 94.28% of the stock is currently owned by institutional investors.

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.