Akamai Technologies (NASDAQ:AKAM) Stock Price Up 6% – Here’s What Happened

Akamai Technologies, Inc. (NASDAQ:AKAM) shares rose 6% on Wednesday . The stock traded as high as $111.98 and last traded at $112.2220. Approximately 2,405,263 shares were traded during trading, a decline of 42% from the average daily volume of 4,148,748 shares. The stock had previously closed at $105.84.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AKAM shares. Wall Street Zen lowered Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. KeyCorp increased their target price on shares of Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Morgan Stanley boosted their price target on shares of Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Evercore increased their price objective on Akamai Technologies from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Scotiabank lifted their price objective on Akamai Technologies from $105.00 to $120.00 and gave the company a “sector outperform” rating in a research report on Friday, February 20th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.89.

Akamai Technologies Stock Performance

The stock has a fifty day moving average price of $99.42 and a 200 day moving average price of $87.69. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.82. The firm has a market cap of $15.99 billion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 3.67 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.09. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company earned $1.66 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. As a group, analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insider Transactions at Akamai Technologies

In related news, EVP Anthony P. Williams sold 15,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $104.29, for a total transaction of $1,564,350.00. Following the completion of the transaction, the executive vice president owned 22,064 shares of the company’s stock, valued at approximately $2,301,054.56. The trade was a 40.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $90.17, for a total value of $450,850.00. Following the completion of the sale, the executive vice president directly owned 17,513 shares in the company, valued at $1,579,147.21. This trade represents a 22.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 69,274 shares of company stock worth $6,969,557. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

Several large investors have recently bought and sold shares of AKAM. DLD Asset Management LP grew its stake in shares of Akamai Technologies by 60.0% in the 2nd quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company’s stock valued at $1,595,200,000 after purchasing an additional 7,500,000 shares during the period. Norges Bank acquired a new stake in Akamai Technologies in the 2nd quarter valued at $266,817,000. AQR Capital Management LLC grew its position in Akamai Technologies by 522.8% in the third quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock valued at $153,061,000 after acquiring an additional 1,695,937 shares during the period. Alyeska Investment Group L.P. grew its position in Akamai Technologies by 570.0% in the third quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock valued at $123,795,000 after acquiring an additional 1,390,167 shares during the period. Finally, Rubric Capital Management LP acquired a new position in Akamai Technologies during the fourth quarter worth $104,700,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.