Akamai Technologies (NASDAQ:AKAM) Trading Up 8.2% – What’s Next?

Akamai Technologies, Inc. (NASDAQ:AKAM) shares rose 8.2% during mid-day trading on Monday . The company traded as high as $112.58 and last traded at $113.1240. Approximately 731,356 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 4,451,484 shares. The stock had previously closed at $104.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Akamai Technologies from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $132.00 to $158.00 in a report on Thursday, August 13th. HSBC downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating and cut their price target for the stock from $171.00 to $123.00 in a report on Monday, August 10th. Piper Sandler raised Akamai Technologies from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $140.00 to $125.00 in a research note on Tuesday, September 1st. TD Cowen lifted their price objective on shares of Akamai Technologies from $135.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 7th. Finally, Guggenheim upped their target price on shares of Akamai Technologies from $181.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Thirteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $141.62.

Akamai Technologies Stock Performance

The firm has a market capitalization of $16.67 billion, a price-to-earnings ratio of 41.71, a P/E/G ratio of 4.85 and a beta of 0.63. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The stock has a 50-day moving average price of $113.61 and a 200 day moving average price of $118.35.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company earned $1.73 earnings per share. The firm’s 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. On average, analysts forecast that Akamai Technologies, Inc. will post 3.63 EPS for the current year.

Insider Activity

In other news, EVP Paul Joseph sold 3,100 shares of Akamai Technologies stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total transaction of $327,453.00. Following the completion of the sale, the executive vice president directly owned 28,472 shares of the company’s stock, valued at approximately $3,007,497.36. The trade was a 9.82% decrease in their position. The transaction was disclosed in a document filed 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. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC increased its position in Akamai Technologies by 263.5% during the second quarter. Sequoia Financial Advisors LLC now owns 98,149 shares of the technology infrastructure company’s stock worth $11,602,000 after buying an additional 71,147 shares during the period. Tidal Investments LLC lifted its holdings in Akamai Technologies by 328.9% in the second quarter. Tidal Investments LLC now owns 181,197 shares of the technology infrastructure company’s stock valued at $21,419,000 after acquiring an additional 138,950 shares during the period. Capital Analysts LLC boosted its position in shares of Akamai Technologies by 71.0% during the 2nd quarter. Capital Analysts LLC now owns 2,957 shares of the technology infrastructure company’s stock worth $350,000 after purchasing an additional 1,228 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Akamai Technologies by 217.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,054 shares of the technology infrastructure company’s stock worth $2,134,000 after purchasing an additional 12,363 shares during the period. Finally, IFP Advisors Inc grew its stake in shares of Akamai Technologies by 252.8% during the 2nd quarter. IFP Advisors Inc now owns 3,069 shares of the technology infrastructure company’s stock worth $363,000 after purchasing an additional 2,199 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company’s offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.