Akamai Technologies, Inc. (NASDAQ:AKAM) Receives $117.95 Average Price Target from Analysts

Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-one ratings firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $117.95.

Several research analysts have recently weighed in on AKAM shares. Scotiabank dropped their price target on shares of Akamai Technologies from $115.00 to $112.00 and set a "sector outperform" rating on the stock in a research note on Friday, November 8th. Oppenheimer upgraded shares of Akamai Technologies from a "market perform" rating to an "outperform" rating and set a $120.00 price target on the stock in a research note on Monday, December 2nd. Hsbc Global Res upgraded shares of Akamai Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. UBS Group started coverage on shares of Akamai Technologies in a research note on Monday, December 16th. They set a "neutral" rating and a $110.00 price target on the stock. Finally, Citigroup dropped their price target on shares of Akamai Technologies from $104.00 to $102.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th.

Akamai Technologies Stock Performance

NASDAQ:AKAM traded up $0.35 during trading hours on Friday, reaching $100.01. The company had a trading volume of 1,466,567 shares, compared to its average volume of 1,613,507. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. Akamai Technologies has a 52 week low of $84.70 and a 52 week high of $114.67. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 3.56 and a beta of 0.65. The firm's 50 day moving average price is $96.62 and its 200-day moving average price is $97.91.

Insider Buying and Selling at Akamai Technologies

In other news, EVP Paul C. Joseph sold 4,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total value of $366,280.00. Following the sale, the executive vice president now directly owns 23,104 shares in the company, valued at $2,115,633.28. The trade was a 14.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Edward J. Mcgowan sold 10,782 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $98.71, for a total transaction of $1,064,291.22. Following the completion of the sale, the chief financial officer now owns 12,716 shares in the company, valued at approximately $1,255,196.36. This trade represents a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,782 shares of company stock worth $1,523,951. Insiders own 1.80% of the company's stock.

Institutional Trading of Akamai Technologies

A number of large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in Akamai Technologies by 85.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company's stock valued at $25,000 after purchasing an additional 114 shares during the last quarter. Itau Unibanco Holding S.A. grew its holdings in Akamai Technologies by 99.6% during the 4th 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 during the last quarter. SBI Securities Co. Ltd. bought a new position in Akamai Technologies during the 4th quarter valued at about $49,000. Bruce G. Allen Investments LLC grew its holdings in Akamai Technologies by 38.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company's stock valued at $53,000 after purchasing an additional 155 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Akamai Technologies during the 4th quarter valued at about $57,000. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Company Profile

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.