Akamai Technologies (NASDAQ:AKAM) Trading 7.7% Higher on Analyst Upgrade

Akamai Technologies, Inc. (NASDAQ:AKAM) shot up 7.7% during trading on Monday after UBS Group raised their price target on the stock from $125.00 to $143.00. UBS Group currently has a neutral rating on the stock. Akamai Technologies traded as high as $117.20 and last traded at $119.0670. Approximately 728,942 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 4,698,926 shares. The stock had previously closed at $110.54.

A number of other equities research analysts also recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. JPMorgan Chase & Co. increased their price target on Akamai Technologies from $72.00 to $100.00 in a research report on Friday, May 8th. Piper Sandler cut their price objective on Akamai Technologies from $156.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday. TD Cowen raised their target price on shares of Akamai Technologies from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday. Finally, Royal Bank Of Canada cut their price target on shares of Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating on the stock in a report on Friday. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Akamai Technologies has a consensus rating of “Hold” and an average target price of $141.38.

Insider Buying and Selling

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the completion of the sale, the chief technology officer owned 31,006 shares of the company’s stock, valued at $4,012,486.46. This trade represents a 0.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following 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 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. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Akamai Technologies

Several institutional investors have recently made changes to their positions in AKAM. Brighton Jones LLC boosted its holdings in Akamai Technologies by 101.4% in the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after purchasing an additional 2,022 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Akamai Technologies by 35.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after acquiring an additional 283 shares during the last quarter. United Services Automobile Association bought a new position in shares of Akamai Technologies in the 1st quarter valued at approximately $266,000. Empowered Funds LLC lifted its holdings in Akamai Technologies by 73.0% in the 1st quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock worth $574,000 after purchasing an additional 3,010 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Akamai Technologies by 152.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock worth $93,000 after purchasing an additional 703 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies Stock Performance

The company has a market cap of $17.29 billion, a price-to-earnings ratio of 42.86, a P/E/G ratio of 4.69 and a beta of 0.63. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 2.06. The firm has a fifty day simple moving average of $124.77 and a 200 day simple moving average of $115.95.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. Akamai Technologies’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $1.73 EPS. 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, sell-side analysts expect that Akamai Technologies, Inc. will post 3.91 earnings per share for the current fiscal year.

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.