Akamai Technologies, Inc. (NASDAQ:AKAM) Short Interest Up 22.6% in March

Key Points

• Short interest surged 22.6% to 18,044,552 shares as of March 31, representing 12.7% of the stock sold short and a days-to-cover ratio of 3.4.
• Akamai beat recent quarterly estimates, reporting $1.84 EPS on $1.09B revenue, and issued FY2026 guidance of 6.20–7.20 EPS (Q1 guidance 1.50–1.67), while analysts forecast about 4.6 EPS for the current year.
• Insiders have been net sellers—directors disclosed sales and insiders sold about $6.23M (60,954 shares) last quarter—while institutional ownership is very high at 94.28%, with several large funds increasing stakes.

Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 18,044,552 shares, a growth of 22.6% from the March 15th total of 14,714,343 shares. Based on an average daily volume of 5,359,226 shares, the days-to-cover ratio is currently 3.4 days. Currently, 12.7% of the company's stock are sold short.

Akamai Technologies Trading Up 1.7%

NASDAQ:AKAM opened at $90.38 on Thursday. The stock has a 50-day simple moving average of $105.26 and a 200-day simple moving average of $92.11. The stock has a market cap of $13.11 billion, a P/E ratio of 29.34, a P/E/G ratio of 3.05 and a beta of 0.59. Akamai Technologies has a 1 year low of $69.78 and a 1 year high of $121.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.36 and a current ratio of 2.36.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.09. The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.08 billion. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. As a group, analysts anticipate that Akamai Technologies will post 4.6 earnings per share for the current fiscal year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, Director Madhu Ranganathan sold 3,131 shares of the company's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $102.00, for a total transaction of $319,362.00. Following the sale, the director owned 9,160 shares in the company, valued at $934,320. This represents a 25.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jon Miller sold 11,000 shares of the company's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $102.67, for a total value of $1,129,370.00. Following the sale, the director owned 22,806 shares in the company, valued at approximately $2,341,492.02. This trade represents a 32.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 60,954 shares of company stock worth $6,228,871 over the last quarter. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP raised its stake in Akamai Technologies by 16.5% during the 4th quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company's stock valued at $589,112,000 after acquiring an additional 957,345 shares during the last quarter. Nordea Investment Management AB raised its stake in Akamai Technologies by 39.9% during the 3rd quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company's stock valued at $258,739,000 after acquiring an additional 980,966 shares during the last quarter. Invesco Ltd. raised its stake in Akamai Technologies by 5.8% during the 3rd quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company's stock valued at $245,394,000 after acquiring an additional 177,756 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Akamai Technologies by 33.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,115,342 shares of the technology infrastructure company's stock valued at $271,820,000 after acquiring an additional 784,009 shares during the last quarter. Finally, Norges Bank purchased a new stake in Akamai Technologies during the 4th quarter valued at approximately $192,959,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on AKAM. TD Cowen cut their price target on Akamai Technologies from $104.00 to $100.00 and set a "hold" rating on the stock in a report on Friday, February 20th. Citigroup upped their price target on Akamai Technologies from $103.00 to $110.00 and gave the stock a "neutral" rating in a report on Friday, February 20th. Craig Hallum upped their price target on Akamai Technologies from $90.00 to $100.00 and gave the stock a "hold" rating in a report on Friday, February 20th. Morgan Stanley upped 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. Finally, Susquehanna upped their price target on Akamai Technologies from $105.00 to $120.00 and gave the stock a "positive" rating in a report on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $111.58.

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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