Akamai Technologies (NASDAQ:AKAM) Stock Price Target Lowered at UBS Group

Akamai Technologies (NASDAQ:AKAM – Get Free Report) had its price objective dropped by analysts at UBS Group from $148.00 to $100.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the technology infrastructure company’s stock. UBS Group‘s target price points to a potential upside of 9.73% from the company’s current price.

AKAM has been the subject of a number of other reports. DA Davidson cut their price target on Akamai Technologies from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, September 28th. TD Cowen boosted their target price on shares of Akamai Technologies from $140.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday, September 25th. Royal Bank Of Canada reissued a “sector perform” rating and set a $135.00 price target on shares of Akamai Technologies in a research note on Friday, September 25th. Bank of America increased their price target on shares of Akamai Technologies from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Finally, Piper Sandler lowered their price target on shares of Akamai Technologies from $158.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $146.00.

Get Our Latest Stock Analysis on AKAM

Akamai Technologies Price Performance

Akamai Technologies stock traded up $0.86 during trading hours on Thursday, hitting $91.13. 5,114,791 shares of the stock were exchanged, compared to its average volume of 4,704,142. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $13.10 billion, a P/E ratio of 32.78, a P/E/G ratio of 4.22 and a beta of 0.62. Akamai Technologies has a 12 month low of $70.82 and a 12 month high of $165.45. The business’s 50-day moving average is $106.84 and its two-hundred day moving average is $117.48.

Akamai Technologies (NASDAQ:AKAM – Get Free Report) last posted its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. Akamai Technologies’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Equities research analysts expect that Akamai Technologies will post 3.58 EPS for the current fiscal year.

Insider Transactions at Akamai Technologies

In other news, EVP Kim Salem-Jackson sold 2,013 shares of Akamai Technologies 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 sale, the executive vice president owned 57,197 shares in the company, valued at $7,321,216. The trade was a 3.40% decrease in their position. The sale 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. Also, EVP Paul Joseph sold 3,100 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total transaction of $327,453.00. Following the sale, the executive vice president directly owned 28,472 shares of the company’s stock, valued at approximately $3,007,497.36. This trade represents a 9.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,135 shares of company stock worth $1,467,221 in the last quarter. 2.30% of the stock is owned by company insiders.

Institutional Trading of Akamai Technologies

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in shares of Akamai Technologies by 11.2% in the 1st 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 stake in Akamai Technologies in the second quarter valued at about $222,046,000. William Blair Investment Management LLC bought a new stake in Akamai Technologies in the second quarter valued at about $181,508,000. Legal & General Group Plc acquired a new position in Akamai Technologies in the second quarter valued at about $159,564,000. Finally, Rubric Capital Management LP lifted its stake in Akamai Technologies by 8.3% in the first quarter. Rubric Capital Management LP now owns 1,300,000 shares of the technology infrastructure company’s stock valued at $149,305,000 after buying an additional 100,000 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

About Akamai Technologies

(Get Free Report)

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.

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Analyst Recommendations for Akamai Technologies (NASDAQ:AKAM)

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