Akamai Technologies, a prominent player in the technology infrastructure sector, has recently received coverage from various financial institutions.
UBS Group assigned a "neutral" rating with a price target of $110.00, while Oppenheimer upgraded the stock to "outperform" with a price objective of $120.00. HSBC raised its rating to "buy" with a target price of $121.00, and Tigress Financial reaffirmed a "strong-buy" rating with a target price of $140.00. On the other hand, Robert W. Baird adjusted its price target to $115.00, and Scotiabank lowered its price objective to $112.00. The consensus among analysts reflects a "Moderate Buy" rating, with an average target price of $117.21.
Akamai Technologies' stock has shown volatility, trading down to $98.60 during recent trading hours. The trading volume was significantly lower than its average. The company's fifty-day simple moving average stands at $98.19, while the two-hundred-day average is $96.57. Over the past year, Akamai's stock has experienced a low of $84.70 and a high of $129.17, reflecting a market capitalization of $14.81 billion. The stock's P/E ratio is reported at 29.17, with a P/E/G ratio of 3.83.
Akamai's financial health is illustrated by its quick and current ratios, both at 1.33, suggesting a stable liquidity position. The company's debt-to-equity ratio is reported at 0.50, indicating a moderate level of leverage.
Recent insider trading activity includes Director William Raymond Wagner selling 1,000 shares and EVP Paul C. Joseph selling 4,000 shares. Insiders have sold a total of 7,500 shares over the last 90 days, with corporate insiders holding 1.80% of the stock.
Institutional investors have also adjusted their stakes in Akamai Technologies. V Square Quantitative Management LLC increased its position by 2.0%, Empirical Finance LLC raised its holdings by 2.0%, Van ECK Associates Corp lifted its position by 6.1%, and Farther Finance Advisors LLC significantly increased its stake by 85.7%. Overall, institutional investors own approximately 94.28% of Akamai's stock.
Akamai Technologies specializes in providing cloud computing, security, and content delivery services. The company's focus on security and performance aligns with the increasing need for businesses to safeguard their digital assets. As analysts continue to evaluate the company's performance and market potential, Akamai Technologies remains a focal point for investors seeking exposure to the evolving tech sector.