Akamai Technologies' (AKAM) "Buy" Rating Reiterated at DA Davidson

Akamai Technologies (NASDAQ:AKAM - Get Free Report)'s stock had its "buy" rating reiterated by DA Davidson in a note issued to investors on Friday, September 25th, Benzinga reports. They currently have a $185.00 price objective on the technology infrastructure company's stock. DA Davidson's price objective would indicate a potential upside of 71.31% from the company's previous close.

A number of other analysts also recently weighed in on AKAM. Evercore restated an "outperform" rating on shares of Akamai Technologies in a report on Friday, September 25th. JPMorgan Chase & Co. boosted their target price on shares of Akamai Technologies from $158.00 to $167.00 and gave the stock a "neutral" rating in a report on Friday, September 25th. Royal Bank Of Canada restated a "sector perform" rating and issued a $135.00 target price on shares of Akamai Technologies in a report on Friday, September 25th. 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 report on Friday, September 25th. Finally, Piper Sandler upgraded shares of Akamai Technologies from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $140.00 to $125.00 in a report on Tuesday, September 1st. Thirteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Akamai Technologies has a consensus rating of "Hold" and an average price target of $150.10.

Akamai Technologies Price Performance

NASDAQ AKAM traded down $0.93 on Friday, reaching $107.99. The company had a trading volume of 3,616,384 shares, compared to its average volume of 4,674,520. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $15.52 billion, a PE ratio of 38.85, a price-to-earnings-growth ratio of 5.12 and a beta of 0.62. The firm's 50 day moving average price is $111.67 and its 200 day moving average price is $118.91. Akamai Technologies has a 12 month low of $70.82 and a 12 month high of $165.45.

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 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 for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $1.73 EPS. The business's quarterly revenue was up 5.4% on a year-over-year basis. 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. As a group, equities analysts predict that Akamai Technologies will post 3.58 earnings per share for the current year.

Insider Activity at Akamai Technologies

In related news, EVP Mani Sundaram sold 7,022 shares of the company's stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $125.62, for a total transaction of $882,103.64. Following the transaction, the executive vice president directly owned 14,625 shares in the company, valued at approximately $1,837,192.50. This represents a 32.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,013 shares of the company's stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $128.00, for a total transaction of $257,664.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 12,135 shares of company stock worth $1,467,221. Insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Akamai Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in 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 valued at $397,881,000 after buying an additional 349,451 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in Akamai Technologies in the 2nd quarter valued at about $222,046,000. Norges Bank purchased a new stake in Akamai Technologies in the 4th quarter valued at about $192,959,000. William Blair Investment Management LLC purchased a new stake in Akamai Technologies in the 2nd quarter valued at about $181,508,000. Finally, Legal & General Group Plc purchased a new stake in Akamai Technologies in the 2nd quarter valued at about $159,564,000. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Company Profile

Akamai Technologies, Inc NASDAQ: AKAM provides cloud computing, cybersecurity and content delivery services for businesses and public-sector organizations. Its distributed edge platform helps customers deliver websites, applications, media and other digital experiences while improving performance, availability and scalability.

The company's services include web and application performance optimization, content delivery, cloud infrastructure, application and API security, distributed denial-of-service protection, zero-trust security and bot management.