Akamai Technologies (NASDAQ:AKAM) Stock Price Up 7.7% Following Analyst Upgrade

Akamai Technologies, Inc. (NASDAQ:AKAM) traded up 7.7% on Monday after UBS Group raised their price target on the stock from $125.00 to $143.00. UBS Group currently has a neutral rating on the stock. Akamai Technologies traded as high as $117.20 and last traded at $119.0670. 728,942 shares traded hands during trading, a decline of 84% from the average daily volume of 4,698,926 shares. The stock had previously closed at $110.54.

AKAM has been the subject of a number of other research reports. Bank of America upgraded Akamai Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $130.00 to $175.00 in a report on Wednesday, May 13th. Royal Bank Of Canada dropped their price objective on shares of Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating for the company in a research note on Friday. 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. JPMorgan Chase & Co. lifted their price target on shares of Akamai Technologies from $72.00 to $100.00 in a research note on Friday, May 8th. Finally, TD Cowen increased their price objective on shares of Akamai Technologies from $135.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday. Twelve equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Akamai Technologies currently has a consensus rating of “Hold” and a consensus target price of $141.38.

Insider Buying and Selling

In other news, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction that occurred on 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 owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 that occurred on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the sale, the chief technology officer owned 31,006 shares of the company’s stock, valued at $4,012,486.46. The trade was 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. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Akamai Technologies

Several institutional investors and hedge funds have recently made changes to their positions in AKAM. EverSource Wealth Advisors LLC boosted its position in 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 acquiring an additional 70 shares during the period. Rexford Capital Inc. lifted its holdings in Akamai Technologies by 1.9% in the fourth quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company’s stock worth $445,000 after purchasing an additional 93 shares during the period. Assetmark Inc. increased its stake in Akamai Technologies by 31.8% during the 4th quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company’s stock valued at $39,000 after buying an additional 107 shares during the period. Root Financial Partners LLC raised its position 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 in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Akamai Technologies by 6.3% in the 4th quarter. Allworth Financial LP now owns 2,196 shares of the technology infrastructure company’s stock worth $192,000 after acquiring an additional 131 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Stock Up 7.6%

The firm has a market cap of $17.29 billion, a price-to-earnings ratio of 42.86, a price-to-earnings-growth ratio of 4.69 and a beta of 0.63. The stock’s 50 day moving average is $124.77 and its 200 day moving average is $115.95. The company has a quick ratio of 2.06, a current ratio of 1.64 and a debt-to-equity ratio of 1.23.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company 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. Analysts forecast that Akamai Technologies, Inc. will post 3.91 EPS for the current year.

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.