Akamai Technologies, Inc. (NASDAQ:AKAM) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Akamai Technologies, with 12 buys, 10 holds and two sells among 24 analysts. The average 12-month price target is $144.14.
• Akamai slightly exceeded quarterly expectations, reporting $1.59 in EPS versus the $1.57 consensus and $1.10 billion in revenue, up 5.4% year over year.
• The stock opened at $122.97, while institutional investors hold a substantial 94.28% of outstanding shares; two executives also sold shares under pre-arranged trading plans.

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) have been given a consensus rating of "Hold" by the twenty-four analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $144.1429.

AKAM has been the subject of a number of analyst reports. Scotiabank increased their price target on Akamai Technologies from $120.00 to $180.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 8th. Royal Bank Of Canada lowered their price objective on Akamai Technologies from $150.00 to $135.00 and set a "sector perform" rating on the stock in a research report on Friday, August 7th. Raymond James Financial upped their price objective on Akamai Technologies from $140.00 to $170.00 in a research note on Monday, May 11th. Bank of America upgraded Akamai Technologies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $130.00 to $175.00 in a research report on Wednesday, May 13th. Finally, Citigroup lifted their target price on Akamai Technologies from $110.00 to $160.00 and gave the company a "neutral" rating in a research note on Friday, May 15th.

Akamai Technologies Stock Performance

AKAM opened at $122.97 on Tuesday. The firm has a market cap of $17.67 billion, a P/E ratio of 44.23, a PEG ratio of 5.42 and a beta of 0.63. Akamai Technologies has a 1-year low of $70.82 and a 1-year high of $165.45. The company has a 50 day simple moving average of $120.88 and a two-hundred day simple moving average of $117.03. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings data 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. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm 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 company posted $1.73 earnings per share. The company'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. Equities analysts forecast that Akamai Technologies will post 3.88 earnings per share for the current fiscal year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the 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 sale, the executive vice president directly owned 59,210 shares of the company's stock, valued at $8,027,099.70. This trade represents a 3.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 approximately $4,012,486.46. This trade represents a 0.78% 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. Corporate insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Akamai Technologies

Institutional investors have recently bought and sold shares of the stock. Silvant Capital Management LLC purchased a new stake in Akamai Technologies in the 2nd quarter worth $32,000. Sarver Vrooman Wealth Advisors bought a new position in shares of Akamai Technologies during the 4th quarter valued at about $31,000. Root Financial Partners LLC grew its position in shares of Akamai Technologies by 45.8% during the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company's stock valued at $31,000 after purchasing an additional 110 shares in the last quarter. WealthCollab LLC grew its position in shares of Akamai Technologies by 154.2% during the fourth quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company's stock valued at $34,000 after purchasing an additional 239 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Akamai Technologies in the second quarter worth about $32,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

About Akamai Technologies

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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