Akamai Technologies (NASDAQ:AKAM) Now Covered by Analysts at Evercore

Evercore began coverage on shares of Akamai Technologies (NASDAQ:AKAM) in a research report report published on Tuesday. The brokerage issued an outperform rating and a $130.00 price target on the technology infrastructure company’s stock.

Other research analysts also recently issued research reports about the company. Raymond James Financial set a $120.00 price target on Akamai Technologies in a research note on Thursday, March 12th. Wall Street Zen downgraded Akamai Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. TD Cowen cut their price target on Akamai Technologies from $104.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Jefferies Financial Group downgraded Akamai Technologies to an “underperform” rating in a research note on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a research note on Friday, March 27th. Nine investment 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.com, the company presently has a consensus rating of “Hold” and an average target price of $111.58.

Akamai Technologies Trading Down 6.4%

NASDAQ:AKAM opened at $88.84 on Tuesday. The company has a market capitalization of $12.88 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 3.26 and a beta of 0.59. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.82. Akamai Technologies has a 52-week low of $69.78 and a 52-week high of $121.12. The stock has a fifty day simple moving average of $105.29 and a 200-day simple moving average of $92.12.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.09. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 EPS. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. On average, equities research analysts expect that Akamai Technologies will post 4.6 earnings per share for the current fiscal year.

Insider Activity at Akamai Technologies

In other news, EVP Anthony P. Williams sold 15,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $104.29, for a total transaction of $1,564,350.00. Following the completion of the transaction, the executive vice president owned 22,064 shares of the company’s stock, valued at $2,301,054.56. This represents a 40.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Laura Howell sold 11,273 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $100.14, for a total transaction of $1,128,878.22. Following the transaction, the chief accounting officer directly owned 12,559 shares of the company’s stock, valued at approximately $1,257,658.26. This represents a 47.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,954 shares of company stock worth $6,679,721 over the last three months. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Rakuten Investment Management Inc. acquired a new position in shares of Akamai Technologies during the 3rd quarter valued at about $5,323,000. Fox Run Management L.L.C. increased its stake in shares of Akamai Technologies by 467.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 19,144 shares of the technology infrastructure company’s stock valued at $1,450,000 after acquiring an additional 15,772 shares during the last quarter. National Pension Service grew its holdings in shares of Akamai Technologies by 48.5% during the 3rd quarter. National Pension Service now owns 68,111 shares of the technology infrastructure company’s stock worth $5,160,000 after purchasing an additional 22,242 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Akamai Technologies by 42.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,322 shares of the technology infrastructure company’s stock worth $19,040,000 after purchasing an additional 74,791 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of Akamai Technologies by 39.9% during the 3rd quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock worth $258,739,000 after purchasing an additional 980,966 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Company Profile

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.