Akamai Technologies (NASDAQ:AKAM) Sees Unusually-High Trading Volume – Here’s Why

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) saw unusually-high trading volume on Tuesday. Approximately 7,083,205 shares changed hands during mid-day trading, an increase of 48% from the average daily volume of 4,793,246 shares. The stock last traded at $81.3610 and had previously closed at $80.29.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. HSBC downgraded Akamai Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $171.00 to $123.00 in a research report on Monday, August 10th. TD Cowen upped their price objective on Akamai Technologies from $140.00 to $149.00 and gave the stock a “hold” rating in a report on Friday, September 25th. Morgan Stanley reduced their price objective on Akamai Technologies from $165.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, November 2nd. Piper Sandler reissued an “overweight” rating on shares of Akamai Technologies in a report on Friday, November 6th. Finally, Citigroup dropped their target price on Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $135.09.

Akamai Technologies Trading Up 3.5%

The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.64 and a current ratio of 2.13. The firm has a 50-day moving average of $100.12 and a 200-day moving average of $112.06. The firm has a market capitalization of $12.50 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 2.92 and a beta of 0.65.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, November 5th. The technology infrastructure company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.10. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. On average, equities research analysts anticipate that Akamai Technologies, Inc. will post 3.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Akamai Technologies news, EVP Mani Sundaram sold 7,022 shares of the firm’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $125.62, for a total value 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 trade represents a 32.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul C. Joseph sold 3,100 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president owned 28,472 shares in the company, valued at $3,007,497.36. The trade was a 9.82% decrease in their position. 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 valued at $1,467,221 over the last three months. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Akamai Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of 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 worth $397,881,000 after purchasing an additional 349,451 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in Akamai Technologies during the 2nd quarter valued at approximately $222,046,000. Pictet Asset Management Holding SA raised its position in Akamai Technologies by 3.6% during the 3rd 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 last quarter. William Blair Investment Management LLC bought a new position in Akamai Technologies during the 2nd quarter valued at approximately $181,508,000. Finally, Legal & General Group Plc purchased a new stake in Akamai Technologies in the 2nd quarter worth approximately $159,564,000. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Company Profile

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.