Akamai Technologies (NASDAQ:AKAM) Shares Gap Up – Here’s What Happened

Akamai Technologies, Inc. (NASDAQ:AKAM)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $112.73, but opened at $118.02. Akamai Technologies shares last traded at $114.8680, with a volume of 454,516 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AKAM. Robert W. Baird reissued a “neutral” rating and issued a $110.00 target price on shares of Akamai Technologies in a research note on Thursday, April 2nd. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. UBS Group lifted their price target on Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. upped their price target on Akamai Technologies from $72.00 to $100.00 in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $145.29.

Akamai Technologies Stock Up 10.7%

The stock has a market cap of $18.40 billion, a PE ratio of 42.62, a PEG ratio of 3.58 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. The company has a 50 day moving average price of $132.96 and a two-hundred day moving average price of $111.24.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, hitting the consensus estimate of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $1.70 EPS. Akamai Technologies’s revenue for the quarter was up 5.8% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. Analysts expect that Akamai Technologies, Inc. will post 3.92 EPS for the current year.

Insider Buying and Selling

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the completion of the sale, the executive vice president directly owned 59,210 shares in the company, valued at approximately $8,027,099.70. The trade was a 3.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares in the company, valued at $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in shares of Akamai Technologies in the first quarter worth approximately $1,172,000. HighTower Advisors LLC increased its holdings in Akamai Technologies by 132.4% during the fourth quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock valued at $2,265,000 after buying an additional 14,792 shares during the last quarter. Invenomic Capital Management LP increased its holdings in Akamai Technologies by 16.6% during the third quarter. Invenomic Capital Management LP now owns 499,097 shares of the technology infrastructure company’s stock valued at $37,812,000 after buying an additional 71,173 shares during the last quarter. Leeward Investments LLC MA raised its position in Akamai Technologies by 32.6% in the fourth quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock worth $12,922,000 after acquiring an additional 36,395 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Akamai Technologies by 88.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 461,461 shares of the technology infrastructure company’s stock worth $40,262,000 after acquiring an additional 216,222 shares during the last quarter. Institutional investors 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.