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

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

Wall Street Analysts Forecast Growth

AKAM has been the subject of a number of research analyst reports. TD Cowen decreased their price target on Akamai Technologies from $104.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Craig Hallum boosted their price objective on Akamai Technologies from $90.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. The Goldman Sachs Group upped their price objective on Akamai Technologies from $69.00 to $76.00 and gave the company a “sell” rating in a research note on Friday, February 20th. Scotiabank lifted their target price on Akamai Technologies from $105.00 to $120.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 20th. Finally, UBS Group raised their price objective on shares of Akamai Technologies from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Ten 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. According to data from MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and a consensus target price of $109.89.

Akamai Technologies Stock Performance

The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a market capitalization of $16.25 billion, a PE ratio of 36.48, a P/E/G ratio of 3.56 and a beta of 0.72. The company’s fifty day simple moving average is $98.52 and its 200 day simple moving average is $87.38.

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 net margin of 10.74% and a return on equity of 13.86%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned $1.66 earnings per share. The company’s revenue 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, equities research analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Mani Sundaram sold 8,642 shares of Akamai Technologies stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $101.25, for a total transaction of $875,002.50. Following the completion of the transaction, the executive vice president owned 19,923 shares of the company’s stock, valued at $2,017,203.75. The trade was a 30.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony P. Williams sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were 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 $2,301,054.56. This trade represents a 40.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 69,274 shares of company stock valued at $6,969,557. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AKAM. Brighton Jones LLC boosted its position in shares of Akamai Technologies by 101.4% during the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock valued at $384,000 after acquiring an additional 2,022 shares during the last quarter. Jones Financial Companies Lllp raised its position in Akamai Technologies by 35.2% during the first quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after purchasing an additional 283 shares in the last quarter. United Services Automobile Association bought a new stake in Akamai Technologies in the 1st quarter worth approximately $266,000. Empowered Funds LLC grew its position in Akamai Technologies by 73.0% during the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock valued at $574,000 after acquiring an additional 3,010 shares during the last quarter. Finally, Savant Capital LLC purchased a new position in shares of Akamai Technologies during the second quarter worth approximately $309,000. 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.