Akamai Technologies (NASDAQ:AKAM) Trading 6% Higher – Still a Buy?

Akamai Technologies, Inc. (NASDAQ:AKAM)’s share price was up 6% on Wednesday . The stock traded as high as $110.46 and last traded at $111.9580. Approximately 485,807 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 4,492,407 shares. The stock had previously closed at $105.61.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AKAM shares. Susquehanna reduced their price target on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a report on Monday, August 10th. HSBC downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $171.00 to $123.00 in a research note on Monday, August 10th. Royal Bank Of Canada lowered their price target on shares of Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Morgan Stanley raised their price objective on shares of Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. upgraded Akamai Technologies from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $132.00 to $158.00 in a report on Thursday, August 13th. Thirteen investment 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.62.

Akamai Technologies Stock Performance

The stock has a market cap of $16.05 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 4.85 and a beta of 0.63. The company’s 50 day simple moving average is $115.55 and its 200 day simple moving average is $117.97. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. The company had revenue of $1.10 billion during 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%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm 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, equities research analysts anticipate that Akamai Technologies, Inc. will post 3.66 earnings per share for the current year.

Insiders Place Their Bets

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the firm’s 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 sale, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

A number of institutional investors have recently modified their holdings of the stock. Sarver Vrooman Wealth Advisors acquired a new position in Akamai Technologies in the fourth quarter worth approximately $31,000. Root Financial Partners LLC boosted its holdings in shares of Akamai Technologies by 45.8% during 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 during the period. Silvant Capital Management LLC acquired a new position in Akamai Technologies in the 2nd quarter valued at $32,000. CYBER HORNET ETFs LLC acquired a new position in Akamai Technologies in the 2nd quarter valued at $32,000. Finally, Align Financial LLC bought a new stake in Akamai Technologies during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.