Akamai Technologies (NASDAQ:AKAM) Shares Up 5.4% – Here’s Why

Akamai Technologies, Inc. (NASDAQ:AKAM)’s stock price traded up 5.4% on Wednesday . The stock traded as high as $119.46 and last traded at $120.5610. 669,518 shares changed hands during trading, a decline of 86% from the average daily volume of 4,863,434 shares. The stock had previously closed at $114.37.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Royal Bank Of Canada lifted their price target on Akamai Technologies from $100.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. The Goldman Sachs Group increased their price objective on Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a research report on Friday, May 8th. Citigroup raised their price objective on shares of Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. boosted their target price on shares of Akamai Technologies from $72.00 to $100.00 in a research report on Friday, May 8th. Finally, Morgan Stanley upped their target price on shares of Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $145.29.

Akamai Technologies Price Performance

The company has a market cap of $18.83 billion, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 3.97 and a beta of 0.63. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average price of $133.64 and a two-hundred day moving average price of $111.53.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting analysts’ consensus estimates of $1.61. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.Akamai Technologies’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 earnings per share. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. As a group, equities research analysts anticipate that Akamai Technologies, Inc. will post 3.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the transaction, the executive vice president owned 59,210 shares in the company, valued at approximately $8,027,099.70. This represents a 3.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the sale, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

Several large investors have recently modified their holdings of the stock. JFS Wealth Advisors LLC boosted its stake in Akamai Technologies by 626.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after buying an additional 263 shares in the last quarter. Sarver Vrooman Wealth Advisors acquired a new position in Akamai Technologies during the fourth quarter worth $31,000. Root Financial Partners LLC raised its stake in Akamai Technologies by 45.8% during the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after acquiring an additional 110 shares in the last quarter. WealthCollab LLC raised its stake in Akamai Technologies by 154.2% during the fourth quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock worth $34,000 after acquiring an additional 239 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Akamai Technologies during the second quarter valued at $32,000. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.