Analysts’ Recent Ratings Changes for Akamai Technologies (AKAM)

Akamai Technologies (NASDAQ: AKAM) recently received a number of ratings updates from brokerages and research firms:

• 11/11/2024 – Akamai Technologies was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating.
• 11/11/2024 – Akamai Technologies had its price target lowered by analysts at Robert W. Baird from $120.00 to $115.00. They now have an “outperform” rating on the stock.
• 11/11/2024 – Akamai Technologies was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $121.00 price target on the stock.
• 11/8/2024 – Akamai Technologies had its price target lowered by analysts at Scotiabank from $115.00 to $112.00. They now have a “sector outperform” rating on the stock.

Akamai Technologies Trading Down 0.1 %

Shares of AKAM traded down $0.05 during midday trading on Wednesday, reaching $90.03. The company had a trading volume of 711,503 shares, compared to its average volume of 1,648,921. The firm has a 50 day simple moving average of $100.46 and a 200-day simple moving average of $97.00. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock has a market cap of $13.53 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 3.39 and a beta of 0.68. Akamai Technologies, Inc. has a 1-year low of $87.59 and a 1-year high of $129.17.

Insider Buying and Selling

In related news, Director William Raymond Wagner sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $100.73, for a total transaction of $100,730.00. Following the completion of the transaction, the director now directly owns 16,719 shares in the company, valued at $1,684,104.87. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director William Raymond Wagner sold 1,000 shares of Akamai Technologies stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $100.73, for a total value of $100,730.00. Following the completion of the transaction, the director now owns 16,719 shares in the company, valued at approximately $1,684,104.87. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Robert Blumofe sold 2,500 shares of Akamai Technologies stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $100.69, for a total value of $251,725.00. Following the completion of the transaction, the chief technology officer now owns 22,010 shares of the company’s stock, valued at $2,216,186.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,500 shares of company stock valued at $741,655. 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. Farther Finance Advisors LLC lifted its stake in Akamai Technologies by 85.7% during the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock worth $25,000 after purchasing an additional 114 shares during the last quarter. Versant Capital Management Inc lifted its stake in Akamai Technologies by 170.8% during the second quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company’s stock worth $28,000 after purchasing an additional 193 shares during the last quarter. Innealta Capital LLC purchased a new stake in Akamai Technologies during the second quarter worth approximately $28,000. EntryPoint Capital LLC purchased a new stake in Akamai Technologies during the first quarter worth approximately $31,000. Finally, Family Firm Inc. purchased a new stake in Akamai Technologies during the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.