Akamai Technologies (NASDAQ:AKAM – Get Free Report) had its target price dropped by Susquehanna from $175.00 to $140.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “positive” rating on the technology infrastructure company’s stock. Susquehanna’s price target points to a potential upside of 23.88% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. UBS Group increased their target price on shares of Akamai Technologies from $125.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday. Craig Hallum upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on shares of Akamai Technologies from $72.00 to $100.00 in a research report on Friday, May 8th. Raymond James Financial increased their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a research note on Monday, May 11th. Finally, Guggenheim lifted their price objective on shares of Akamai Technologies from $181.00 to $190.00 and gave the company a “buy” rating in a report on Friday. Twelve investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $141.38.
Check Out Our Latest Analysis on Akamai Technologies
Akamai Technologies Trading Up 2.2%
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last issued its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $1.73 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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. Analysts forecast that Akamai Technologies will post 3.91 earnings per share for the current year.
Insider Activity
In related news, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the completion of the transaction, the executive vice president owned 59,210 shares in the company, valued at $8,027,099.70. The trade was a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the sale, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at $4,012,486.46. The trade was a 0.78% decrease in their position. 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. Corporate insiders own 2.30% of the company’s stock.
Hedge Funds Weigh In On Akamai Technologies
Several institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC grew its stake in Akamai Technologies by 101.4% during the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after buying an additional 2,022 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Akamai Technologies by 35.2% in the first quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after buying an additional 283 shares during the last quarter. United Services Automobile Association acquired a new stake in Akamai Technologies in the first quarter worth about $266,000. Empowered Funds LLC boosted its holdings in Akamai Technologies by 73.0% in the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock worth $574,000 after acquiring an additional 3,010 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Akamai Technologies by 152.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock worth $93,000 after acquiring an additional 703 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.
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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