Akamai Technologies (NASDAQ:AKAM) Trading Up 8.2% – Time to Buy?

Akamai Technologies, Inc. (NASDAQ:AKAM)’s stock price traded up 8.2% on Monday . The company traded as high as $112.58 and last traded at $113.1240. Approximately 731,356 shares traded hands during trading, a decline of 84% from the average session volume of 4,451,484 shares. The stock had previously closed at $104.52.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AKAM shares. Piper Sandler raised shares of Akamai Technologies from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $140.00 to $125.00 in a research report on Tuesday, September 1st. TD Cowen raised their price objective on shares of Akamai Technologies from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 7th. UBS Group lifted their price objective on shares of Akamai Technologies from $125.00 to $143.00 and gave the company a “neutral” rating 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. Finally, Susquehanna dropped their target price on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a research report on Monday, August 10th. Thirteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $141.62.

Akamai Technologies Stock Performance

The stock has a market capitalization of $17.01 billion, a P/E ratio of 42.57, a PEG ratio of 5.44 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. The company has a 50-day moving average price of $113.30 and a two-hundred day moving average price of $118.56.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. Akamai Technologies’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $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 analysts expect that Akamai Technologies, Inc. will post 3.63 earnings per share for the current year.

Insider Activity

In related news, EVP Paul Joseph sold 3,100 shares of Akamai Technologies stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total transaction of $327,453.00. Following the completion of the sale, the executive vice president owned 28,472 shares of the company’s stock, valued at approximately $3,007,497.36. This trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Akamai Technologies

Large investors have recently modified their holdings of the business. Root Financial Partners LLC boosted its stake in shares of Akamai Technologies by 45.8% in the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after buying an additional 110 shares during the last quarter. Sarver Vrooman Wealth Advisors purchased a new stake in Akamai Technologies during the fourth quarter valued at $31,000. Silvant Capital Management LLC purchased a new stake in Akamai Technologies during the second quarter valued at $32,000. Cedar Mountain Advisors LLC bought a new position in Akamai Technologies in the first quarter valued at about $47,000. Finally, Persistent Asset Partners Ltd bought a new position in Akamai Technologies in the second quarter valued at about $54,000. Institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

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.