Akamai Technologies (NASDAQ:AKAM) Reaches New 52-Week High – What’s Next?

Akamai Technologies, Inc. (NASDAQ:AKAM)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $122.24 and last traded at $121.99, with a volume of 5876869 shares traded. The stock had previously closed at $117.94.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. KeyCorp upped their price target on Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. The Goldman Sachs Group upped their price objective on Akamai Technologies from $69.00 to $76.00 and gave the company a “sell” rating in a research report on Friday, February 20th. Piper Sandler upped their price objective on Akamai Technologies from $97.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. TD Cowen lowered their price objective on Akamai Technologies from $104.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Finally, Craig Hallum upped their price objective on Akamai Technologies from $90.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Nine research 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 has an average rating of “Hold” and an average target price of $112.37.

Akamai Technologies Price Performance

The firm has a market capitalization of $17.69 billion, a P/E ratio of 39.61, a PEG ratio of 3.63 and a beta of 0.45. 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 firm has a 50-day moving average of $104.63 and a 200-day moving average of $94.19.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.09. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, analysts predict that Akamai Technologies, Inc. will post 4.17 EPS for the current year.

Insider Activity

In other news, Director Jon Miller sold 11,000 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $102.67, for a total transaction of $1,129,370.00. Following the transaction, the director directly owned 22,806 shares of the company’s stock, valued at $2,341,492.02. This represents a 32.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mani Sundaram sold 8,642 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $101.25, for a total value of $875,002.50. Following the transaction, the executive vice president directly owned 19,923 shares in the company, valued at $2,017,203.75. The trade was a 30.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 57,454 shares of company stock worth $5,889,371. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Akamai Technologies by 295.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock worth $26,000 after buying an additional 251 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Akamai Technologies by 130.0% in the third quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock worth $26,000 after buying an additional 195 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Akamai Technologies by 566.7% in the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock worth $26,000 after buying an additional 289 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of Akamai Technologies by 626.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after buying an additional 263 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of Akamai Technologies by 497.0% in the third quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock worth $30,000 after buying an additional 333 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

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.