Wall Street Zen Upgrades Akamai Technologies (NASDAQ:AKAM) to "Hold"

Key Points

• Wall Street Zen upgraded Akamai Technologies from “sell” to “hold,” while the broader analyst consensus remains “hold,” with 13 buys, nine holds and two sells and an average price target of $150.10.
• Akamai shares opened at $87.81, down 4.9%, and remain well below their 52-week high of $165.45. The company recently slightly exceeded quarterly earnings and revenue estimates, with revenue up 5.4% year over year.
• Institutional ownership is high at 94.28%, with several major investors establishing new positions, while insiders sold 12,135 shares worth approximately $1.47 million during the last quarter under pre-arranged trading plans.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

Several other research firms have also recently weighed in on AKAM. Bank of America upped their price target on shares of Akamai Technologies from $175.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, September 25th. Zacks Research raised Akamai Technologies from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Guggenheim boosted their target price on Akamai Technologies from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, September 25th. Raymond James Financial restated an "outperform" rating and set a $170.00 target price on shares of Akamai Technologies in a research report on Tuesday, September 29th. Finally, President Capital upped their target price on Akamai Technologies from $150.00 to $168.00 and gave the stock a "buy" rating in a research note on Wednesday, September 30th. Thirteen 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $150.10.

Akamai Technologies Trading Down 4.9%

Shares of Akamai Technologies stock opened at $87.81 on Friday. Akamai Technologies has a 1 year low of $70.82 and a 1 year high of $165.45. The stock has a fifty day moving average price of $108.64 and a 200-day moving average price of $118.00. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market cap of $12.62 billion, a PE ratio of 31.59, a P/E/G ratio of 4.34 and a beta of 0.62.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.73 earnings per share. 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 research analysts anticipate that Akamai Technologies will post 3.58 EPS for the current year.

Insider Buying and Selling at Akamai Technologies

In other news, 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 completion of the transaction, the executive vice president directly owned 57,197 shares of the company's stock, valued at approximately $7,321,216. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mani Sundaram sold 7,022 shares of the stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $125.62, for a total transaction of $882,103.64. Following the sale, the executive vice president owned 14,625 shares of the company's stock, valued at approximately $1,837,192.50. This represents a 32.44% 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. Over the last quarter, insiders have sold 12,135 shares of company stock worth $1,467,221. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Akamai Technologies in the 2nd quarter worth approximately $222,046,000. William Blair Investment Management LLC bought a new position in shares of Akamai Technologies during the second quarter valued at approximately $181,508,000. Legal & General Group Plc purchased a new stake in Akamai Technologies in the second quarter worth $159,564,000. Atreides Management LP purchased a new stake in Akamai Technologies in the second quarter worth $107,640,000. Finally, Southpoint Capital Advisors LP purchased a new stake in Akamai Technologies in the first quarter worth $91,880,000. Institutional investors own 94.28% of the company's stock.

About Akamai Technologies

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.

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