Akamai Technologies (NASDAQ:AKAM) Earns Underweight Rating from Analysts at KeyCorp

KeyCorp began coverage on shares of Akamai Technologies (NASDAQ:AKAM) in a research report released on Friday morning,Benzinga reports. The firm issued an underweight rating and a $63.00 price objective on the technology infrastructure company’s stock. KeyCorp also issued estimates for Akamai Technologies’ Q4 2025 earnings at $1.00 EPS, FY2025 earnings at $4.04 EPS, FY2028 earnings at ($0.47) EPS and FY2029 earnings at ($0.47) EPS.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada lowered their target price on shares of Akamai Technologies from $100.00 to $90.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. Morgan Stanley reduced their price target on shares of Akamai Technologies from $102.00 to $90.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Citigroup decreased their target price on shares of Akamai Technologies from $102.00 to $95.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Raymond James cut their price objective on shares of Akamai Technologies from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Finally, Bank of America cut Akamai Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $125.00 to $100.00 in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $101.25.

Akamai Technologies Price Performance

Shares of AKAM opened at $77.03 on Friday. The stock has a market cap of $11.26 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.23 and a quick ratio of 1.33. Akamai Technologies has a 1-year low of $67.51 and a 1-year high of $106.80. The firm has a fifty day moving average price of $76.93 and a 200 day moving average price of $86.68.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, May 8th. The technology infrastructure company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.12. Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business earned $1.64 EPS. Akamai Technologies’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Akamai Technologies will post 4.6 EPS for the current year.

Insider Activity

In other Akamai Technologies news, COO Adam Karon sold 3,927 shares of Akamai Technologies stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $85.02, for a total value of $333,873.54. Following the completion of the transaction, the chief operating officer now directly owns 10,809 shares in the company, valued at $918,981.18. The trade was a 26.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $80.92, for a total value of $323,680.00. Following the sale, the executive vice president now owns 25,211 shares in the company, valued at $2,040,074.12. The trade was a 13.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,084 shares of company stock worth $1,661,827. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Akamai Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in AKAM. WPG Advisers LLC bought a new stake in shares of Akamai Technologies during the 1st quarter worth about $27,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Akamai Technologies by 54.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company’s stock worth $35,000 after acquiring an additional 155 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of Akamai Technologies in the first quarter worth approximately $42,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Akamai Technologies by 99.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company’s stock valued at $45,000 after purchasing an additional 234 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Akamai Technologies during the 4th quarter worth about $49,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.