Akamai Technologies (NASDAQ:AKAM) Stock Gets Price Target Cut from Piper Sandler

Akamai Technologies (NASDAQ:AKAM) had its target price cut by Piper Sandler from $158.00 to $120.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the technology infrastructure company’s stock.

A number of other equities research analysts have also weighed in on AKAM. TD Cowen raised their price objective on shares of Akamai Technologies from $140.00 to $149.00 and gave the company a “hold” rating in a report on Friday, September 25th. Weiss Ratings cut shares of Akamai Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. HSBC downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $171.00 to $123.00 in a research note on Monday, August 10th. Susquehanna lowered their target price on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating for the company in a research note on Monday, August 10th. Finally, Raymond James Financial raised Akamai Technologies from an “outperform” rating to a “strong-buy” rating and set a $170.00 target price on the stock in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $146.00.

Akamai Technologies Stock Performance

Shares of AKAM opened at $93.53 on Wednesday. The stock has a 50-day simple moving average of $105.53 and a 200-day simple moving average of $117.13. 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 stock has a market capitalization of $13.44 billion, a PE ratio of 33.64, a PEG ratio of 4.29 and a beta of 0.62. Akamai Technologies has a 1 year low of $70.82 and a 1 year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company posted $1.73 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. 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, analysts predict that Akamai Technologies will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

In other news, EVP Paul C. Joseph sold 3,100 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total transaction of $327,453.00. Following the completion of the sale, the executive vice president owned 28,472 shares in the company, valued at approximately $3,007,497.36. The trade was a 9.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mani Sundaram sold 7,022 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $125.62, for a total transaction of $882,103.64. Following the sale, the executive vice president owned 14,625 shares of the company’s stock, valued at $1,837,192.50. This represents a 32.44% decrease in their position. 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. Insiders have sold 12,135 shares of company stock worth $1,467,221 over the last three months. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of AKAM. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Akamai Technologies in the 2nd quarter valued at about $222,046,000. William Blair Investment Management LLC purchased a new position in Akamai Technologies during the 2nd quarter worth approximately $181,508,000. Legal & General Group Plc purchased a new position in Akamai Technologies during the 2nd quarter worth approximately $159,564,000. Atreides Management LP purchased a new position in Akamai Technologies during the 2nd quarter worth approximately $107,640,000. Finally, Southpoint Capital Advisors LP acquired a new position in Akamai Technologies during the first quarter worth approximately $91,880,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

About Akamai Technologies

Akamai Technologies, Inc provides cloud, cybersecurity and content-delivery services that help organizations operate and protect applications, websites and digital media over the internet. Its distributed edge platform is designed to deliver online content closer to end users while improving performance, availability and resilience.

The company’s services include content delivery and application performance solutions, cloud computing capabilities, web and application security, distributed denial-of-service protection, bot management and zero-trust security tools.