Akamai Technologies (NASDAQ:AKAM) Trading Up 5.4% – Time to Buy?

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

Analyst Ratings Changes

A number of equities analysts have weighed in on AKAM shares. Susquehanna upped their price objective on shares of Akamai Technologies from $120.00 to $175.00 and gave the company a “positive” rating in a research report on Monday, May 11th. Robert W. Baird reiterated a “neutral” rating and issued a $110.00 price target on shares of Akamai Technologies in a research note on Thursday, April 2nd. Zacks Research downgraded Akamai Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Guggenheim raised their price objective on Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Craig Hallum upgraded Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and a consensus price target of $145.29.

Akamai Technologies Price Performance

The company has a market cap of $17.88 billion, a P/E ratio of 41.39, a P/E/G ratio of 3.53 and a beta of 0.63. The company’s 50-day moving average price is $132.35 and its two-hundred day moving average price is $110.97. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, hitting the consensus estimate of $1.61. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last 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, sell-side analysts expect that Akamai Technologies, Inc. will post 3.92 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Akamai Technologies

Several institutional investors have recently added to or reduced their stakes in AKAM. Norges Bank bought a new position in shares of Akamai Technologies during the fourth quarter valued at approximately $192,959,000. AQR Capital Management LLC boosted its position in Akamai Technologies by 522.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock valued at $153,061,000 after purchasing an additional 1,695,937 shares during the period. Alyeska Investment Group L.P. grew its stake in Akamai Technologies by 570.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock worth $123,795,000 after buying an additional 1,390,167 shares during the last quarter. Rubric Capital Management LP bought a new position in Akamai Technologies during the 4th quarter worth $104,700,000. Finally, First Trust Advisors LP increased its position in Akamai Technologies by 16.5% in the fourth quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock worth $589,112,000 after buying an additional 957,345 shares during the period. Institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

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.