Akamai Technologies (NASDAQ:AKAM) Shares Up 8.2% – Still a Buy?

Akamai Technologies, Inc. (NASDAQ:AKAM) shot up 8.2% on Monday . The stock traded as high as $112.58 and last traded at $113.1240. Approximately 731,356 shares changed hands during trading, a decline of 84% from the average daily volume of 4,451,484 shares. The stock had previously closed at $104.52.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AKAM. Zacks Research raised shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. TD Cowen lifted their price objective on shares of Akamai Technologies from $135.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a report on Wednesday, June 24th. Susquehanna dropped their target price on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a report on Monday, August 10th. Finally, Citigroup decreased their price objective on Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating for the company in a research note on Friday, September 4th. Thirteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Akamai Technologies has an average rating of “Hold” and an average price target of $141.62.

Akamai Technologies Stock Performance

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 stock has a market capitalization of $16.67 billion, a PE ratio of 41.71, a PEG ratio of 4.85 and a beta of 0.63. The firm has a 50 day moving average price of $113.61 and a 200-day moving average price of $118.35.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. Akamai Technologies’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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 expect that Akamai Technologies, Inc. will post 3.63 EPS for the current fiscal year.

Insider Activity at Akamai Technologies

In other news, EVP Paul Joseph sold 3,100 shares of Akamai Technologies 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 transaction, the executive vice president directly owned 28,472 shares of the company’s stock, valued at $3,007,497.36. The trade was a 9.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Akamai Technologies

Hedge funds have recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Akamai Technologies in the first quarter valued at about $1,172,000. HighTower Advisors LLC lifted its stake in Akamai Technologies by 132.4% in the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock valued at $2,265,000 after buying an additional 14,792 shares in the last quarter. Baker Avenue Asset Management LP acquired a new stake in Akamai Technologies in the 4th quarter worth about $1,393,000. Todd Asset Management LLC increased its stake in Akamai Technologies by 63.8% during the 4th quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company’s stock worth $37,513,000 after buying an additional 167,500 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Akamai Technologies by 503.6% during the first quarter. Empowered Funds LLC now owns 42,831 shares of the technology infrastructure company’s stock valued at $4,919,000 after acquiring an additional 35,735 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

About Akamai Technologies

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.