Akamai Technologies (NASDAQ:AKAM) Price Target Cut to $92.00 by Analysts at Robert W. Baird

Akamai Technologies (NASDAQ:AKAM) had its target price lowered by investment analysts at Robert W. Baird from $140.00 to $92.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the technology infrastructure company’s stock. Robert W. Baird‘s price target indicates a potential upside of 10.72% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Guggenheim reissued a “buy” rating on shares of Akamai Technologies in a report on Friday, October 30th. KeyCorp decreased their price objective on shares of Akamai Technologies from $195.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday. Citigroup dropped their target price on shares of Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a research report on Friday, September 4th. Wall Street Zen raised shares of Akamai Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Finally, Susquehanna reduced their price target on shares of Akamai Technologies from $140.00 to $90.00 and set a “positive” rating for the company in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.82.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock opened at $83.09 on Monday. The company has a quick ratio of 1.64, a current ratio of 2.13 and a debt-to-equity ratio of 1.25. Akamai Technologies has a twelve month low of $76.75 and a twelve month high of $165.45. The business has a 50-day moving average price of $101.55 and a 200 day moving average price of $112.24. The firm has a market cap of $11.94 billion, a PE ratio of 32.21, a P/E/G ratio of 3.91 and a beta of 0.65.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, November 5th. The technology infrastructure company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.10. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Akamai Technologies had a return on equity of 10.88% and a net margin of 8.84%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 earnings per share. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS. Sell-side analysts predict that Akamai Technologies will post 3.58 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In related news, EVP Paul C. Joseph sold 3,100 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the sale, the executive vice president owned 28,472 shares of the company’s stock, valued at approximately $3,007,497.36. This represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 Akamai Technologies stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $125.62, for a total transaction of $882,103.64. Following the transaction, the executive vice president directly owned 14,625 shares in the company, valued at $1,837,192.50. This trade represents a 32.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,135 shares of company stock worth $1,467,221 in the last quarter. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Akamai Technologies

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Akamai Technologies by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock valued at $397,881,000 after acquiring an additional 349,451 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Akamai Technologies during the second quarter worth $222,046,000. Pictet Asset Management Holding SA raised its position in Akamai Technologies by 3.6% in the third quarter. Pictet Asset Management Holding SA now owns 1,731,292 shares of the technology infrastructure company’s stock valued at $184,215,000 after purchasing an additional 59,453 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Akamai Technologies in the 2nd quarter valued at $181,508,000. Finally, Legal & General Group Plc acquired a new position in shares of Akamai Technologies in the 2nd quarter valued at $159,564,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

Akamai Technologies is a technology company that provides cloud computing, cybersecurity and content delivery services. Its distributed platform helps businesses deliver digital content and applications, protect online operations and run workloads closer to users and devices.

The company’s offerings include web and application performance services, protection against cyberattacks, application and API security, and cloud infrastructure through Akamai Connected Cloud. Its services support organizations seeking to improve the speed, availability and security of their websites, applications and online services.

Founded in 1998, Akamai grew from a content delivery network provider into a broader cloud and security company.