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

Akamai Technologies, Inc. (NASDAQ:AKAM) has received an average recommendation of “Hold” from the twenty-four ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $141.6190.

A number of equities analysts have recently commented on AKAM shares. UBS Group lifted their target price on shares of Akamai Technologies from $125.00 to $143.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Royal Bank Of Canada reduced their price target on Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. HSBC downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $171.00 to $123.00 in a report on Monday, August 10th. Citigroup lowered their target price on Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Finally, JPMorgan Chase & Co. upgraded shares of Akamai Technologies from an “underweight” rating to a “neutral” rating and increased their price target for the company from $132.00 to $158.00 in a research report on Thursday, August 13th.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction dated Thursday, June 18th. The stock was 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 in the company, valued at $4,012,486.46. The trade was a 0.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company’s stock.

Institutional Trading of Akamai Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in AKAM. EverSource Wealth Advisors LLC lifted its position in shares of Akamai Technologies by 3.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock worth $271,000 after purchasing an additional 70 shares in the last quarter. Root Financial Partners LLC boosted its position in Akamai Technologies by 45.8% during the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock valued at $31,000 after purchasing an additional 110 shares during the period. Allworth Financial LP grew its position in 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 purchasing an additional 131 shares during the last quarter. Tema ETFs LLC raised its stake in shares of Akamai Technologies by 9.5% during the second quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company’s stock valued at $197,000 after purchasing an additional 145 shares in the last quarter. Finally, Forza Wealth Management LLC raised its holdings in Akamai Technologies by 2.0% during the first quarter. Forza Wealth Management LLC now owns 8,009 shares of the technology infrastructure company’s stock worth $920,000 after purchasing an additional 159 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies Stock Performance

Shares of AKAM opened at $105.57 on Friday. The stock has a 50 day moving average price of $115.12 and a 200 day moving average price of $118.17. Akamai Technologies has a 52-week low of $70.82 and a 52-week high of $165.45. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of 37.97, a price-to-earnings-growth ratio of 4.92 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates 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 was up 5.4% on a year-over-year basis. During the same period last year, the firm 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. Research analysts predict that Akamai Technologies will post 3.66 EPS for the current fiscal year.

Akamai Technologies Company Profile

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.