Akamai Technologies (NASDAQ:AKAM – Get Free Report) had its target price raised by analysts at Raymond James Financial from $140.00 to $170.00 in a research note issued on Monday,MarketScreener reports. Raymond James Financial’s price target suggests a potential upside of 9.43% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Craig Hallum upgraded Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Friday. Wall Street Zen lowered Akamai Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a report on Friday, March 27th. Morgan Stanley raised their target price on Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Finally, KeyCorp lifted their price target on Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $136.24.
Get Our Latest Analysis on Akamai Technologies
Akamai Technologies Stock Up 5.2%
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted $1.70 EPS. Akamai Technologies’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. On average, sell-side analysts predict that Akamai Technologies will post 4.15 EPS for the current year.
Insider Buying and Selling at Akamai Technologies
In related news, CTO Robert Blumofe sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $108.00, for a total transaction of $378,000.00. Following the completion of the sale, the chief technology officer directly owned 14,574 shares of the company’s stock, valued at approximately $1,573,992. This trade represents a 19.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Laura Howell sold 11,273 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $100.14, for a total transaction of $1,128,878.22. Following the transaction, the chief accounting officer directly owned 12,559 shares of the company’s stock, valued at approximately $1,257,658.26. This trade represents a 47.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 57,454 shares of company stock worth $5,889,371. Insiders own 2.30% of the company’s stock.
Institutional Trading of Akamai Technologies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Akamai Technologies by 59.2% in the first quarter. PNC Financial Services Group Inc. now owns 40,593 shares of the technology infrastructure company’s stock valued at $4,662,000 after buying an additional 15,091 shares in the last quarter. AlTi Global Inc. acquired a new position in Akamai Technologies during the 1st quarter worth about $1,194,000. Dimensional Fund Advisors LP boosted its holdings in Akamai Technologies by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock valued at $397,881,000 after acquiring an additional 349,451 shares during the period. SEB Asset Management AB acquired a new position in Akamai Technologies in the 1st quarter valued at about $3,242,000. Finally, Swiss National Bank increased its stake in Akamai Technologies by 0.7% during the first quarter. Swiss National Bank now owns 284,700 shares of the technology infrastructure company’s stock worth $32,698,000 after purchasing an additional 2,100 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Akamai Technologies Company Profile
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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