Citigroup Cuts Akamai Technologies (NASDAQ:AKAM) Price Target to $122.00

Akamai Technologies (NASDAQ:AKAM) had its price target reduced by Citigroup from $160.00 to $122.00 in a research note released on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the technology infrastructure company’s stock.

A number of other analysts have also weighed in on the stock. UBS Group raised their target price on shares of Akamai Technologies from $125.00 to $143.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Guggenheim upped their price target on shares of Akamai Technologies from $181.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Craig Hallum upgraded Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Friday, May 8th. Zacks Research raised Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Raymond James Financial boosted their price objective on Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. Thirteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $141.62.

Akamai Technologies Price Performance

Shares of AKAM stock opened at $105.22 on Friday. The business has a fifty day simple moving average of $115.97 and a 200 day simple moving average of $118.02. The company has a market cap of $15.12 billion, a P/E ratio of 37.85, a P/E/G ratio of 4.85 and a beta of 0.63. 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 twelve month low of $70.82 and a twelve month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous 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. On average, sell-side analysts forecast that Akamai Technologies will post 3.66 EPS for the current fiscal year.

Insider Transactions at Akamai Technologies

In other news, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was 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 in the company, valued at $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the transaction, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. This represents a 0.78% 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 owned by company insiders.

Institutional Investors Weigh In On Akamai Technologies

Several large investors have recently modified their holdings of the company. Parkside Financial Bank & Trust raised its stake in Akamai Technologies by 338.1% during the second quarter. Parkside Financial Bank & Trust now owns 977 shares of the technology infrastructure company’s stock worth $115,000 after buying an additional 754 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in Akamai Technologies during the second quarter valued at $181,000. Corient Private Wealth LP boosted its position in Akamai Technologies by 14.3% during the second quarter. Corient Private Wealth LP now owns 26,023 shares of the technology infrastructure company’s stock valued at $3,076,000 after acquiring an additional 3,256 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Akamai Technologies during the second quarter valued at $3,700,000. Finally, CYBER HORNET ETFs LLC grew its holdings in Akamai Technologies by 3,817.7% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 15,514 shares of the technology infrastructure company’s stock worth $1,834,000 after acquiring an additional 15,118 shares during the period. 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.