Akamai Technologies, Inc. (NASDAQ:AKAM) Given Average Rating of "Moderate Buy" by Brokerages

Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) has received an average rating of "Moderate Buy" from the nineteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $117.47.

A number of research firms have issued reports on AKAM. HSBC upgraded Akamai Technologies from a "hold" rating to a "buy" rating and set a $121.00 target price for the company in a report on Monday, November 11th. Hsbc Global Res upgraded Akamai Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, November 11th. Royal Bank of Canada restated a "sector perform" rating and issued a $100.00 target price on shares of Akamai Technologies in a research note on Thursday, August 15th. Needham & Company LLC reaffirmed a "hold" rating on shares of Akamai Technologies in a research note on Friday, August 9th. Finally, Scotiabank cut their price objective on shares of Akamai Technologies from $115.00 to $112.00 and set a "sector outperform" rating on the stock in a research report on Friday, November 8th.

Insider Activity

In other news, Director William Raymond Wagner sold 1,000 shares of Akamai Technologies stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total transaction of $93,380.00. Following the completion of the sale, the director now owns 15,719 shares of the company's stock, valued at approximately $1,467,840.22. This trade represents a 5.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Robert Blumofe sold 2,500 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $88.61, for a total transaction of $221,525.00. Following the completion of the transaction, the chief technology officer now owns 19,510 shares in the company, valued at $1,728,781.10. This trade represents a 11.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,500 shares of company stock valued at $1,058,625 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Akamai Technologies

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in shares of Akamai Technologies by 85.7% in the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company's stock valued at $25,000 after buying an additional 114 shares in the last quarter. Versant Capital Management Inc raised its holdings in Akamai Technologies by 170.8% in the 2nd quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company's stock valued at $28,000 after acquiring an additional 193 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Akamai Technologies during the 2nd quarter valued at $28,000. Family Firm Inc. acquired a new stake in shares of Akamai Technologies during the 2nd quarter worth $35,000. Finally, Eastern Bank acquired a new stake in shares of Akamai Technologies during the 3rd quarter worth $71,000. Institutional investors own 94.28% of the company's stock.

Akamai Technologies Stock Up 0.2 %

Shares of AKAM stock traded up $0.16 during trading hours on Friday, hitting $94.02. 830,767 shares of the company were exchanged, compared to its average volume of 2,512,500. Akamai Technologies has a 52 week low of $84.70 and a 52 week high of $129.17. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $98.61 and a two-hundred day moving average of $96.25. The company has a market capitalization of $14.12 billion, a PE ratio of 27.82, a PEG ratio of 3.58 and a beta of 0.68.

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.