Akamai Technologies (NASDAQ:AKAM) Shares Down 7.1% – Here’s What Happened

Akamai Technologies, Inc. (NASDAQ:AKAM)’s share price was down 7.1% on Thursday . The stock traded as low as $107.36 and last traded at $107.8060. Approximately 2,171,148 shares changed hands during trading, a decline of 50% from the average daily volume of 4,380,721 shares. The stock had previously closed at $116.00.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AKAM shares. Wall Street Zen lowered shares of Akamai Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. KeyCorp lifted their price objective on shares of Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Evercore lifted their price objective on shares of Akamai Technologies from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Raymond James Financial set a $120.00 price objective on shares of Akamai Technologies in a research note on Thursday, March 12th. Finally, Robert W. Baird reissued a “neutral” rating and set a $110.00 price objective on shares of Akamai Technologies in a research note on Thursday, April 2nd. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $110.79.

Akamai Technologies Stock Down 4.9%

The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.36 and a current ratio of 2.36. The stock has a market capitalization of $16.00 billion, a price-to-earnings ratio of 35.71, a P/E/G ratio of 3.98 and a beta of 0.59. The firm’s fifty day simple moving average is $105.29 and its 200 day simple moving average is $91.44.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last 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, sell-side analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insider Activity

In other Akamai Technologies news, EVP Mani Sundaram sold 1,722 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $98.58, for a total transaction of $169,754.76. Following the sale, the executive vice president directly owned 21,647 shares in the company, valued at approximately $2,133,961.26. This trade represents a 7.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Madhu Ranganathan sold 3,131 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $102.00, for a total transaction of $319,362.00. Following the sale, the director owned 9,160 shares in the company, valued at $934,320. This trade represents a 25.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 65,954 shares of company stock worth $6,679,721. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Akamai Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. World Investment Advisors acquired a new stake in shares of Akamai Technologies in the fourth quarter valued at approximately $251,000. Corient Private Wealth LLC raised its holdings in shares of Akamai Technologies by 5.6% in the fourth quarter. Corient Private Wealth LLC now owns 27,486 shares of the technology infrastructure company’s stock valued at $2,402,000 after purchasing an additional 1,457 shares during the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of Akamai Technologies in the fourth quarter valued at approximately $253,000. Employees Provident Fund Board acquired a new stake in shares of Akamai Technologies in the fourth quarter valued at approximately $9,118,000. Finally, Reflection Asset Management acquired a new stake in shares of Akamai Technologies in the fourth quarter valued at approximately $225,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.