Akamai (AKAM) Receives a Hold from Robert W. Baird

Robert W. Baird analyst William Power maintained a Hold rating on Akamai yesterday and set a price target of $110.00.

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Power covers the Technology sector, focusing on stocks such as Apple, Akamai, and Snowflake. According to TipRanks, Power has an average return of 15.4% and a 53.69% success rate on recommended stocks.

In addition to Robert W. Baird, Akamai also received a Hold from TipRanks – Anthropic’s Anthropic Software – Infrastructure in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Buy rating on Akamai (NASDAQ: AKAM).

Based on Akamai’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.09 billion and a net profit of $85.07 million. In comparison, last year the company earned a revenue of $1.02 billion and had a net profit of $139.91 million

Based on the recent corporate insider activity of 102 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. Last month, Anthony P Williams, the EVP and CHRO of AKAM sold 15,000.00 shares for a total of $1,564,363.65.