Akamai Technologies, Inc. (NASDAQ:AKAM) Receives $141.62 Average Price Target from Brokerages

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) have been assigned an average rating of “Hold” from the twenty-four research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $141.6190.

A number of research analysts have issued reports on the stock. UBS Group raised their price target on shares of Akamai Technologies from $125.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. Susquehanna reduced their target price on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating for the company in a research note on Monday, August 10th. Zacks Research raised Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Guggenheim boosted their price target on Akamai Technologies from $181.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 7th.

Insider Activity at Akamai Technologies

In related news, EVP Paul Joseph sold 3,100 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total value of $327,453.00. Following the sale, the executive vice president owned 28,472 shares in the company, valued at $3,007,497.36. This represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Akamai Technologies

A number of institutional investors have recently bought and sold shares of AKAM. Sequoia Financial Advisors LLC increased its stake in shares of Akamai Technologies by 263.5% in the second quarter. Sequoia Financial Advisors LLC now owns 98,149 shares of the technology infrastructure company’s stock worth $11,602,000 after acquiring an additional 71,147 shares during the period. Tidal Investments LLC lifted its position in Akamai Technologies by 328.9% during the second quarter. Tidal Investments LLC now owns 181,197 shares of the technology infrastructure company’s stock valued at $21,419,000 after purchasing an additional 138,950 shares during the period. Capital Analysts LLC boosted its holdings in Akamai Technologies by 71.0% in the second quarter. Capital Analysts LLC now owns 2,957 shares of the technology infrastructure company’s stock valued at $350,000 after purchasing an additional 1,228 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Akamai Technologies by 217.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,054 shares of the technology infrastructure company’s stock worth $2,134,000 after purchasing an additional 12,363 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of Akamai Technologies by 252.8% during the 2nd quarter. IFP Advisors Inc now owns 3,069 shares of the technology infrastructure company’s stock valued at $363,000 after buying an additional 2,199 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $104.52 on Friday. Akamai Technologies has a fifty-two week low of $70.82 and a fifty-two week high of $165.45. The company has a market cap of $15.02 billion, a PE ratio of 37.60, a P/E/G ratio of 4.96 and a beta of 0.63. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. The business has a 50-day simple moving average of $113.61 and a two-hundred day simple moving average of $118.20.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.73 earnings per share. 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. As a group, equities analysts expect that Akamai Technologies will post 3.63 EPS for the current fiscal year.

About Akamai Technologies

Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company’s offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.