Akamai Technologies (NASDAQ:AKAM) Stock Price Target Cut by UBS Group

by · The Markets Daily

Akamai Technologies (NASDAQ:AKAM – Get Free Report) had its price target reduced by research analysts at UBS Group from $148.00 to $100.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology infrastructure company’s stock. UBS Group‘s target price indicates a potential upside of 9.73% from the company’s current price.

Other analysts also recently issued research reports about the company. Evercore reaffirmed an “outperform” rating on shares of Akamai Technologies in a research note on Friday, September 25th. Wall Street Zen upgraded Akamai Technologies from a “sell” rating to a “hold” rating in a report on Saturday, October 17th. Guggenheim boosted their price objective on Akamai Technologies from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, September 25th. TD Cowen increased their target price on Akamai Technologies from $140.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday, September 25th. Finally, Weiss Ratings downgraded shares of Akamai Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Akamai Technologies presently has an average rating of “Moderate Buy” and an average price target of $146.00.

View Our Latest Stock Report on Akamai Technologies

Akamai Technologies Trading Up 1.0%

NASDAQ AKAM traded up $0.86 during trading on Thursday, reaching $91.13. 5,114,791 shares of the stock traded hands, compared to its average volume of 4,704,142. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 4.22 and a beta of 0.62. The stock’s 50-day moving average price is $106.84 and its 200 day moving average price is $117.48. 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 has a fifty-two week low of $70.82 and a fifty-two week high of $165.45.

Akamai Technologies (NASDAQ:AKAM – Get Free Report) last posted its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. The company 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 business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business 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. Analysts predict that Akamai Technologies will post 3.58 EPS for the current year.

Insider Buying and Selling

In other Akamai Technologies news, EVP Mani Sundaram sold 7,022 shares of Akamai Technologies stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $125.62, for a total value of $882,103.64. Following the sale, the executive vice president owned 14,625 shares of the company’s stock, valued at $1,837,192.50. This trade represents a 32.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul C. Joseph sold 3,100 shares of the business’s stock in a transaction dated 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 trade represents a 9.82% 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. In the last ninety days, insiders sold 12,135 shares of company stock valued at $1,467,221. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AKAM. Dimensional Fund Advisors LP raised its position in Akamai Technologies by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock valued at $397,881,000 after buying an additional 349,451 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in Akamai Technologies in the 2nd quarter valued at approximately $222,046,000. William Blair Investment Management LLC acquired a new position in Akamai Technologies during the 2nd quarter worth approximately $181,508,000. Legal & General Group Plc acquired a new position in Akamai Technologies during the 2nd quarter worth approximately $159,564,000. Finally, Rubric Capital Management LP boosted its position in Akamai Technologies by 8.3% during the 1st quarter. Rubric Capital Management LP now owns 1,300,000 shares of the technology infrastructure company’s stock worth $149,305,000 after acquiring an additional 100,000 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Company Profile

(Get Free Report)

Akamai Technologies, Inc provides cloud, cybersecurity and content-delivery services that help organizations operate and protect applications, websites and digital media over the internet. Its distributed edge platform is designed to deliver online content closer to end users while improving performance, availability and resilience.

The company’s services include content delivery and application performance solutions, cloud computing capabilities, web and application security, distributed denial-of-service protection, bot management and zero-trust security tools.

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