RBC Capital Keeps Their Hold Rating on Akamai (AKAM)

RBC Capital analyst Rishi Jaluria maintained a Hold rating on Akamai (AKAM – Research Report) on April 24 and set a price target of $115.00. The company’s shares closed yesterday at $101.68.

According to TipRanks, Jaluria is a 4-star analyst with an average return of 3.4% and a 51.33% success rate. Jaluria covers the Technology sector, focusing on stocks such as Palantir Technologies, Pegasystems, and Salesforce.

In addition to RBC Capital, Akamai also received a Hold from Citi’s Fatima Boolani in a report issued on April 25. However, on April 9, Piper Sandler reiterated a Buy rating on Akamai (NASDAQ: AKAM).

AKAM market cap is currently $15.42B and has a P/E ratio of 28.88.

Based on the recent corporate insider activity of 119 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AKAM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Akamai (AKAM) Company Description:

Akamai Technologies, Inc. engages in the provision of cloud services for delivering, optimizing and securing content and business applications over the Internet. Its products offers web and mobile performance solutions, cloud security solutions, enterprise solutions, network operator solutions, media delivery solutions and services and support solutions. It also engages in content delivery network, or CDN, services to make the Internet fast, reliable and secure. The company was founded by Frank Thomson Leighton, Jonathan Seelig, Randall S. Kaplan, and Daniel Mark Lewin on August 20, 1998 and is headquartered in Cambridge, MA.