Kerrisdale Advisers LLC bought a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 51,985 shares of the technology infrastructure company's stock, valued at approximately $6,145,000. Akamai Technologies comprises 1.6% of Kerrisdale Advisers LLC's investment portfolio, making the stock its 15th biggest position.
Other large investors also recently made changes to their positions in the company. Senator Investment Group LP bought a new stake in Akamai Technologies in the 2nd quarter valued at $75,654,000. Susquehanna Fundamental Investments LLC increased its position in Akamai Technologies by 1,540.6% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 193,578 shares of the technology infrastructure company's stock worth $22,883,000 after buying an additional 181,779 shares during the period. Sigma Planning Corp acquired a new stake in shares of Akamai Technologies during the second quarter worth $268,000. Benjamin Edwards Inc. boosted its position in shares of Akamai Technologies by 65.8% in the second quarter. Benjamin Edwards Inc. now owns 4,684 shares of the technology infrastructure company's stock valued at $554,000 after acquiring an additional 1,859 shares during the period. Finally, Okabena Investment Services Inc. bought a new stake in shares of Akamai Technologies in the second quarter valued at about $619,000. Institutional investors own 94.28% of the company's stock.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Piper Sandler dropped their price objective on shares of Akamai Technologies from $156.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, August 7th. Zacks Research raised shares of Akamai Technologies from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Raymond James Financial lifted their price target on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Akamai Technologies in a research note on Wednesday, June 24th. Finally, Citigroup increased their price target on Akamai Technologies from $110.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, May 15th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $144.14.
Read Our Latest Report on AKAM
Akamai Technologies Price Performance
Shares of AKAM stock opened at $107.47 on Monday. The business has a fifty day simple moving average of $117.06 and a 200 day simple moving average of $117.92. The company has a market cap of $15.45 billion, a P/E ratio of 38.66, a P/E/G ratio of 4.95 and a beta of 0.63. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies, Inc. has a twelve month low of $70.82 and a twelve month high of $165.45.
Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its earnings results 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. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm earned $1.73 earnings per share. 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. On average, sell-side analysts forecast that Akamai Technologies, Inc. will post 3.66 EPS for the current fiscal year.
Insider Buying and Selling at Akamai Technologies
In other news, CTO Robert Blumofe sold 243 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the transaction, the chief technology officer owned 31,006 shares of the company's stock, valued at $4,012,486.46. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction of $311,811.00. Following the sale, the executive vice president owned 59,210 shares in the company, valued at approximately $8,027,099.70. This represents a 3.74% 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. Company insiders own 2.30% of the company's stock.
More Akamai Technologies News
Here are the key news stories impacting Akamai Technologies this week:
- Positive Sentiment: Zacks raised its EPS forecasts for Q3 2026 to $1.00 from $0.99, Q4 2026 to $1.12 from $1.07, Q1 2027 to $0.87 from $0.79, Q4 2027 to $1.09 from $1.08, and Q1 2028 to $1.03 from $1.02. These revisions provide some support for the near-term earnings outlook. Akamai Technologies analyst estimates
- Neutral Sentiment: Implied volatility for Akamai stock options has surged, indicating that traders expect larger-than-usual movement in AKAM shares. However, options-market volatility does not establish whether the next move will be higher or lower. Implied Volatility Surging for Akamai Stock Options
- Negative Sentiment: Zacks lowered its EPS outlook for FY2026 to $3.79 from $3.90 and FY2027 to $3.92 from $3.98. It also cut Q2 2027 EPS to $0.83 from $0.96, Q3 2027 to $1.13 from $1.15, and FY2028 to $4.69 from $4.70. The reductions suggest slower expected profit growth and likely contribute to the weaker investor sentiment.
Akamai Technologies Profile
(
Free Report)
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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