Kerrisdale Advisers LLC Buys New Position in Akamai Technologies, Inc. $AKAM

Kerrisdale Advisers LLC bought a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the second quarter, Holdings Channel.com reports. The fund bought 51,985 shares of the technology infrastructure company’s stock, valued at approximately $6,145,000. Akamai Technologies accounts for 1.6% of Kerrisdale Advisers LLC’s investment portfolio, making the stock its 15th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in AKAM. Contravisory Investment Management Inc. bought a new stake in Akamai Technologies during the first quarter valued at $1,172,000. HighTower Advisors LLC raised its position in shares of Akamai Technologies by 132.4% in the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock worth $2,265,000 after acquiring an additional 14,792 shares in the last quarter. Leeward Investments LLC MA lifted its stake in shares of Akamai Technologies by 32.6% in the 4th quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock valued at $12,922,000 after purchasing an additional 36,395 shares during the period. Baker Avenue Asset Management LP bought a new stake in shares of Akamai Technologies during the 4th quarter valued at about $1,393,000. Finally, Todd Asset Management LLC boosted its position in shares of Akamai Technologies by 63.8% during the 4th quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company’s stock valued at $37,513,000 after purchasing an additional 167,500 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Key Stories Impacting Akamai Technologies

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Zacks raised its EPS forecasts for Q3 2026 to $1.00 from $0.99, Q4 2026 to $1.12 from $1.07, Q1 2027 to $0.87 from $0.79, Q4 2027 to $1.09 from $1.08, and Q1 2028 to $1.03 from $1.02. These revisions provide some support for the near-term earnings outlook. Akamai Technologies analyst estimates
• Neutral Sentiment: Implied volatility for Akamai stock options has surged, indicating that traders expect larger-than-usual movement in AKAM shares. However, options-market volatility does not establish whether the next move will be higher or lower. Implied Volatility Surging for Akamai Stock Options
• Negative Sentiment: Zacks lowered its EPS outlook for FY2026 to $3.79 from $3.90 and FY2027 to $3.92 from $3.98. It also cut Q2 2027 EPS to $0.83 from $0.96, Q3 2027 to $1.13 from $1.15, and FY2028 to $4.69 from $4.70. The reductions suggest slower expected profit growth and likely contribute to the weaker investor sentiment.

Akamai Technologies Price Performance

AKAM stock opened at $107.47 on Monday. The company has a market capitalization of $15.45 billion, a P/E ratio of 38.66, a price-to-earnings-growth ratio of 4.95 and a beta of 0.63. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. Akamai Technologies, Inc. has a 52-week low of $70.82 and a 52-week high of $165.45. The business has a 50-day simple moving average of $117.06 and a two-hundred day simple moving average of $117.92.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business posted $1.73 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. Research analysts expect that Akamai Technologies, Inc. will post 3.66 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analyst Ratings Changes

AKAM has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $130.00 to $175.00 in a research report on Wednesday, May 13th. Piper Sandler lowered their price objective on shares of Akamai Technologies from $156.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. UBS Group boosted their target price on shares of Akamai Technologies from $125.00 to $143.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, HSBC lowered shares of Akamai Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $171.00 to $123.00 in a research note on Monday, August 10th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $144.14.

Akamai Technologies 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.