Akamai Technologies (NASDAQ:AKAM) Shares Gap Up – What’s Next?

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) gapped up before the market opened on Tuesday . The stock had previously closed at $112.73, but opened at $118.02. Akamai Technologies shares last traded at $114.8680, with a volume of 454,516 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank Of Canada raised their target price on Akamai Technologies from $100.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Evercore assumed coverage on Akamai Technologies in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 price target on the stock. HSBC increased their price objective on Akamai Technologies from $134.00 to $171.00 in a report on Monday, May 11th. Bank of America raised Akamai Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $130.00 to $175.00 in a research report on Wednesday, May 13th. Finally, Morgan Stanley boosted their target price on shares of Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $145.29.

Akamai Technologies Stock Up 2.5%

The firm has a market capitalization of $16.80 billion, a P/E ratio of 38.81, a P/E/G ratio of 3.54 and a beta of 0.63. The company has a fifty day simple moving average of $131.97 and a 200 day simple moving average of $110.78. The company has a quick ratio of 2.06, a current 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 earnings per share for the quarter, meeting the consensus estimate of $1.61. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $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. On average, equities analysts expect that Akamai Technologies, Inc. will post 3.93 EPS for the current fiscal year.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction 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. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a document filed 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 Akamai Technologies stock in a transaction dated 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 transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Akamai Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC raised its stake in shares of Akamai Technologies by 626.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after purchasing an additional 263 shares during the last quarter. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Akamai Technologies during the fourth quarter valued at $31,000. Root Financial Partners LLC increased its holdings in Akamai Technologies by 45.8% in the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after buying an additional 110 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Akamai Technologies in the 2nd quarter worth about $32,000. Finally, WealthCollab LLC raised its position in Akamai Technologies by 154.2% in the 4th quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock worth $34,000 after buying an additional 239 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

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.