Akamai Technologies (NASDAQ:AKAM) Stock Price Target Cut by Piper Sandler

Akamai Technologies (NASDAQ:AKAM) had its price objective cut by equities researchers at Piper Sandler from $158.00 to $120.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the technology infrastructure company’s stock. Piper Sandler’s price target would suggest a potential upside of 33.88% from the stock’s previous close.

Several other research firms have also issued reports on AKAM. Guggenheim upped their price target on Akamai Technologies from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, September 25th. Bank of America lifted their price objective on shares of Akamai Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 25th. DA Davidson decreased their price objective on shares of Akamai Technologies from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, September 28th. Wall Street Zen upgraded shares of Akamai Technologies from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, President Capital increased their target price on shares of Akamai Technologies from $150.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.29.

Akamai Technologies Trading Up 2.7%

Shares of NASDAQ AKAM opened at $89.63 on Wednesday. The stock’s 50 day moving average price is $107.49 and its two-hundred day moving average price is $117.68. Akamai Technologies has a 52-week low of $70.82 and a 52-week high of $165.45. The stock has a market capitalization of $12.88 billion, a P/E ratio of 32.24, a PEG ratio of 4.10 and a beta of 0.62. 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 (NASDAQ:AKAM) last released its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%. Akamai Technologies’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS. 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, analysts anticipate that Akamai Technologies will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Paul Joseph sold 3,100 shares of Akamai Technologies stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the transaction, the executive vice president directly owned 28,472 shares in the company, valued at $3,007,497.36. The trade was a 9.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,013 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $128.00, for a total value of $257,664.00. Following the transaction, the executive vice president directly owned 57,197 shares of the company’s stock, valued at $7,321,216. This trade represents a 3.40% 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 sold a total of 12,135 shares of company stock worth $1,467,221 over the last ninety days. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carnegie Investment Counsel increased its position in Akamai Technologies by 4.8% in the third quarter. Carnegie Investment Counsel now owns 90,935 shares of the technology infrastructure company’s stock worth $9,671,000 after buying an additional 4,176 shares during the period. Nisa Investment Advisors LLC lifted its stake in Akamai Technologies by 99.1% in the third quarter. Nisa Investment Advisors LLC now owns 124,582 shares of the technology infrastructure company’s stock valued at $13,249,000 after buying an additional 62,001 shares during the last quarter. Integrated Advisors Network LLC acquired a new position in shares of Akamai Technologies during the third quarter valued at $1,450,000. Prime Capital Investment Advisors LLC boosted its holdings in shares of Akamai Technologies by 21.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 15,158 shares of the technology infrastructure company’s stock valued at $1,526,000 after acquiring an additional 2,692 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Akamai Technologies by 590.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,009 shares of the technology infrastructure company’s stock valued at $3,191,000 after acquiring an additional 25,661 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Company Profile

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.