Key Points
- Executive sale: Akamai EVP Paul Joseph sold 3,100 shares at an average price of $105.63, totaling $327,453, under a pre-arranged Rule 10b5-1 plan. His remaining stake fell 9.82% to 28,472 shares.
- Quarterly performance: Akamai reported quarterly EPS of $1.59, beating estimates by $0.02, while revenue rose 5.4% year over year to $1.10 billion. The company issued 2026 EPS guidance of $6.40 to $7.05.
- Market outlook: Institutional investors own 94.28% of the stock, while analyst coverage remains mixed; Akamai has a consensus “Hold” rating and an average price target of $141.62 versus its recent price near $105.
Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) EVP Paul Joseph sold 3,100 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the sale, the executive vice president owned 28,472 shares in the company, valued at approximately $3,007,497.36. This represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Akamai Technologies Price Performance
Akamai Technologies stock opened at $105.40 on Wednesday. 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 company has a market capitalization of $15.15 billion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 4.87 and a beta of 0.63. Akamai Technologies, Inc. has a one year low of $70.82 and a one year high of $165.45. The business has a 50 day simple moving average of $114.94 and a 200 day simple moving average of $118.20.
Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the prior year, the business posted $1.73 earnings per share. The business's revenue 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. On average, sell-side analysts forecast that Akamai Technologies, Inc. will post 3.66 EPS for the current fiscal year.
Institutional Investors Weigh In On Akamai Technologies
A number of hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC lifted its holdings in Akamai Technologies by 263.5% in the second quarter. Sequoia Financial Advisors LLC now owns 98,149 shares of the technology infrastructure company's stock valued at $11,602,000 after buying an additional 71,147 shares during the period. Tidal Investments LLC grew its holdings in Akamai Technologies by 328.9% during the 2nd quarter. Tidal Investments LLC now owns 181,197 shares of the technology infrastructure company's stock worth $21,419,000 after acquiring an additional 138,950 shares during the period. Capital Analysts LLC raised its position in shares of Akamai Technologies by 71.0% during the 2nd quarter. Capital Analysts LLC now owns 2,957 shares of the technology infrastructure company's stock valued at $350,000 after acquiring an additional 1,228 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Akamai Technologies by 217.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,054 shares of the technology infrastructure company's stock worth $2,134,000 after purchasing an additional 12,363 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Akamai Technologies by 252.8% in the 2nd quarter. IFP Advisors Inc now owns 3,069 shares of the technology infrastructure company's stock worth $363,000 after purchasing an additional 2,199 shares during the last quarter. Institutional investors own 94.28% of the company's stock.
Analyst Upgrades and Downgrades
AKAM has been the subject of a number of recent analyst reports. HSBC cut shares of Akamai Technologies from a "buy" rating to a "hold" rating and dropped their target price for the stock from $171.00 to $123.00 in a research report on Monday, August 10th. UBS Group boosted their price target on shares of Akamai Technologies from $125.00 to $143.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Guggenheim upped their price objective on shares of Akamai Technologies from $181.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Piper Sandler raised shares of Akamai Technologies from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $140.00 to $125.00 in a report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. upgraded shares of Akamai Technologies from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $132.00 to $158.00 in a research note on Thursday, August 13th. Thirteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Akamai Technologies has a consensus rating of "Hold" and a consensus target price of $141.62.
View Our Latest Stock Analysis on Akamai Technologies
Akamai Technologies Company Profile
(
Get Free Report)
Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.
The company's offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.
Further Reading
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