Shares of Akamai Technologies, Inc. (NASDAQ:AKAM – Get Free Report) have been given an average recommendation of “Hold” by the twenty-two brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $145.2857.
A number of research firms have recently commented on AKAM. Guggenheim upped their price objective on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, May 8th. UBS Group upped their price objective on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Zacks Research downgraded shares of Akamai Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $130.00 to $175.00 in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada increased their target price on shares of Akamai Technologies from $100.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th.
Read Our Latest Report on Akamai Technologies
Akamai Technologies Stock Performance
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting analysts’ consensus estimates of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $1.70 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. As a group, equities analysts predict that Akamai Technologies will post 3.93 earnings per share for the current year.
Insider Buying and Selling
In related news, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction of $311,811.00. Following the transaction, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the transaction, the chief technology officer owned 31,006 shares in the company, valued at $4,012,486.46. This trade represents a 0.78% 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. Company insiders own 2.30% of the company’s stock.
Institutional Investors Weigh In On Akamai Technologies
A number of hedge funds have recently added to or reduced their stakes in AKAM. JFS Wealth Advisors LLC increased its holdings in shares of Akamai Technologies by 626.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after purchasing an additional 263 shares during the period. Sarver Vrooman Wealth Advisors acquired a new position in shares of Akamai Technologies during the fourth quarter valued at $31,000. Root Financial Partners LLC increased its holdings in shares of Akamai Technologies by 45.8% during the fourth 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. CYBER HORNET ETFs LLC acquired a new position in shares of Akamai Technologies during the second quarter valued at $32,000. Finally, WealthCollab LLC increased its holdings in shares of Akamai Technologies by 154.2% during the fourth quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock valued at $34,000 after purchasing an additional 239 shares during the period. 94.28% of the stock is currently owned by institutional investors.
About Akamai Technologies
Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.
The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.
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