What is DA Davidson's Estimate for AKAM FY2025 Earnings?

Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) - Analysts at DA Davidson increased their FY2025 earnings estimates for shares of Akamai Technologies in a note issued to investors on Thursday, December 19th. DA Davidson analyst R. Kessinger now forecasts that the technology infrastructure company will post earnings of $4.72 per share for the year, up from their previous forecast of $4.55. The consensus estimate for Akamai Technologies' current full-year earnings is $4.29 per share.

A number of other brokerages have also commented on AKAM. UBS Group started coverage on Akamai Technologies in a research report on Monday, December 16th. They issued a "neutral" rating and a $110.00 price objective for the company. Evercore ISI reiterated an "outperform" rating and set a $110.00 price target on shares of Akamai Technologies in a research report on Tuesday, December 17th. Oppenheimer upgraded shares of Akamai Technologies from a "market perform" rating to an "outperform" rating and set a $120.00 price objective on the stock in a report on Monday, December 2nd. Scotiabank lowered their target price on shares of Akamai Technologies from $115.00 to $112.00 and set a "sector outperform" rating for the company in a report on Friday, November 8th. Finally, Tigress Financial reissued a "strong-buy" rating and issued a $140.00 price target on shares of Akamai Technologies in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Akamai Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $116.85.

Akamai Technologies Trading Up 0.7 %

Shares of AKAM stock traded up $0.71 on Monday, reaching $96.60. 1,365,639 shares of the stock were exchanged, compared to its average volume of 1,679,902. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33. Akamai Technologies has a one year low of $84.70 and a one year high of $129.17. The stock has a market cap of $14.51 billion, a PE ratio of 28.58, a P/E/G ratio of 3.83 and a beta of 0.65. The stock has a 50 day moving average price of $97.51 and a 200 day moving average price of $96.74.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 10,782 shares of Akamai Technologies stock in a transaction on Monday, December 16th. The shares were sold at an average price of $98.71, for a total value of $1,064,291.22. Following the sale, the chief financial officer now directly owns 12,716 shares in the company, valued at approximately $1,255,196.36. The trade was a 45.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Raymond Wagner sold 1,000 shares of the 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 owns 15,719 shares of the company's stock, 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 valued at $1,733,716 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Akamai Technologies

Several institutional investors and hedge funds have recently bought and sold shares of AKAM. Farther Finance Advisors LLC increased its position in shares of Akamai Technologies by 85.7% during the 3rd 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. Innealta Capital LLC bought a new position in shares of Akamai Technologies in the second quarter valued at $28,000. Eastern Bank acquired a new position in Akamai Technologies during the third quarter worth $71,000. Covestor Ltd raised its position in Akamai Technologies by 67.7% during the third quarter. Covestor Ltd now owns 887 shares of the technology infrastructure company's stock worth $90,000 after acquiring an additional 358 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in Akamai Technologies in the third quarter valued at $102,000. Institutional investors own 94.28% of the company's stock.

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.