Akamai Technologies (NASDAQ:AKAM) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Akamai Technologies (NASDAQ:AKAM) from an underweight rating to a neutral rating in a research note published on Thursday, MarketBeat reports. JPMorgan Chase & Co. currently has $158.00 price target on the technology infrastructure company’s stock, up from their previous price target of $132.00.

Several other research analysts also recently commented on the stock. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Friday, May 8th. The Goldman Sachs Group boosted their target price on shares of Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a report on Friday, May 8th. Bank of America upgraded Akamai Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $130.00 to $175.00 in a research report on Wednesday, May 13th. HSBC lowered Akamai Technologies from a “buy” rating to a “hold” rating and cut their price target for the stock from $171.00 to $123.00 in a report on Monday, August 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $144.14.

Akamai Technologies Trading Down 0.2%

Shares of Akamai Technologies stock opened at $124.99 on Thursday. The stock has a market capitalization of $17.96 billion, a P/E ratio of 44.96, a P/E/G ratio of 5.38 and a beta of 0.63. Akamai Technologies has a 52-week low of $70.82 and a 52-week high of $165.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.06 and a current ratio of 1.64. The stock’s 50-day simple moving average is $121.26 and its 200 day simple moving average is $116.76.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $1.10 billion during 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 company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $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. As a group, research analysts anticipate that Akamai Technologies will post 3.88 EPS for the current year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the stock in a transaction that occurred 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 sale, the chief technology officer directly owned 31,006 shares in the company, valued at $4,012,486.46. This represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the firm’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 transaction, the executive vice president directly owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. The trade was a 3.74% 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. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in Akamai Technologies in the 1st quarter worth approximately $1,172,000. HighTower Advisors LLC grew its position 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 acquiring an additional 14,792 shares during the last quarter. Leeward Investments LLC MA grew its position in Akamai Technologies by 32.6% during the fourth quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock valued at $12,922,000 after acquiring an additional 36,395 shares during the last quarter. Baker Avenue Asset Management LP purchased a new position in shares of Akamai Technologies during the fourth quarter worth approximately $1,393,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Akamai Technologies by 41.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,531 shares of the technology infrastructure company’s stock worth $3,711,000 after acquiring an additional 12,449 shares in 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.