Akamai Technologies (NASDAQ:AKAM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Akamai Technologies (NASDAQ:AKAM) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

AKAM has been the subject of several other research reports. JPMorgan Chase & Co. upped their price objective on shares of Akamai Technologies from $158.00 to $167.00 and gave the company a “neutral” rating in a research note on Friday, September 25th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $135.00 price objective on shares of Akamai Technologies in a report on Friday, September 25th. Zacks Research raised shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Piper Sandler reissued an “overweight” rating and issued a $158.00 target price (up from $125.00) on shares of Akamai Technologies in a research note on Friday, September 25th. Finally, 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. Thirteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $150.10.

Akamai Technologies Trading Down 0.6%

Shares of AKAM opened at $87.25 on Friday. 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 firm’s fifty day moving average is $108.04 and its two-hundred day moving average is $117.86. The stock has a market cap of $12.54 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 4.13 and a beta of 0.62.

Akamai Technologies (NASDAQ:AKAM) last released its 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 business 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%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.73 earnings per share. 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 forecast that Akamai Technologies will post 3.58 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In related news, EVP Kim Salem-Jackson sold 2,013 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $128.00, for a total transaction of $257,664.00. Following the completion of the transaction, the executive vice president owned 57,197 shares of the company’s stock, valued at approximately $7,321,216. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the executive vice president owned 28,472 shares of the company’s stock, valued at $3,007,497.36. This trade represents a 9.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 12,135 shares of company stock worth $1,467,221. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Kercheville Advisors LLC increased its holdings in Akamai Technologies by 24.4% during the 3rd quarter. Kercheville Advisors LLC now owns 10,200 shares of the technology infrastructure company’s stock worth $1,085,000 after purchasing an additional 2,000 shares during the period. SteelPeak Wealth LLC acquired a new stake in Akamai Technologies in the 3rd quarter valued at about $547,000. USA Financial Formulas purchased a new position in shares of Akamai Technologies in the 3rd quarter valued at about $267,000. TD Waterhouse Canada Inc. purchased a new position in shares of Akamai Technologies in the 3rd quarter valued at about $335,000. Finally, Pension & Wealth Management Advisors Inc. boosted its stake in shares of Akamai Technologies by 43.1% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 644 shares of the technology infrastructure company’s stock valued at $68,000 after buying an additional 194 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

About Akamai Technologies

Akamai Technologies, Inc provides cloud, cybersecurity and content-delivery services that help organizations operate and protect applications, websites and digital media over the internet. Its distributed edge platform is designed to deliver online content closer to end users while improving performance, availability and resilience.

The company’s services include content delivery and application performance solutions, cloud computing capabilities, web and application security, distributed denial-of-service protection, bot management and zero-trust security tools.