Akamai Technologies (NASDAQ:AKAM) Rating Increased to Overweight at Piper Sandler

Akamai Technologies (NASDAQ:AKAM) was upgraded by investment analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $125.00 target price on the technology infrastructure company’s stock. Piper Sandler’s target price suggests a potential upside of 15.08% from the stock’s current price.

AKAM has been the subject of several other research reports. The Goldman Sachs Group increased their target price on shares of Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a research note on Friday, May 8th. Scotiabank increased their target price on shares of Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. TD Cowen increased their target price on Akamai Technologies from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 7th. Finally, Craig Hallum upgraded Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and a consensus target price of $143.43.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM opened at $108.62 on Tuesday. The stock has a market capitalization of $15.61 billion, a P/E ratio of 39.07, a P/E/G ratio of 4.95 and a beta of 0.63. The business has a 50-day moving average of $116.81 and a two-hundred day moving average of $118.02. Akamai Technologies has a fifty-two week low of $70.82 and a fifty-two week high of $165.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share 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 the consensus estimate of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $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, equities research analysts predict that Akamai Technologies will post 3.66 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the sale, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the business’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 completion of 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 position. 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 currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Akamai Technologies by 3.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock worth $271,000 after purchasing an additional 70 shares in the last quarter. Rexford Capital Inc. lifted its position in Akamai Technologies by 1.9% during the fourth quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company’s stock worth $445,000 after acquiring an additional 93 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of 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 during the period. Allworth Financial LP grew its stake in shares of Akamai Technologies by 6.3% in the fourth quarter. Allworth Financial LP now owns 2,196 shares of the technology infrastructure company’s stock valued at $192,000 after acquiring an additional 131 shares in the last quarter. Finally, Tema ETFs LLC increased its position in Akamai Technologies by 9.5% during the second quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company’s stock worth $197,000 after acquiring an additional 145 shares during the period. 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.