Akamai Technologies (NASDAQ:AKAM) Stock Gets Price Target Cut from Robert W. Baird

Akamai Technologies (NASDAQ:AKAM) had its price objective cut by Robert W. Baird from $140.00 to $92.00 in a report issued on Monday morning,Benzinga reports. They currently have a neutral rating on the technology infrastructure company’s stock.

Several other equities analysts also recently issued reports on AKAM. Scotiabank cut their target price on Akamai Technologies from $180.00 to $120.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 6th. Weiss Ratings cut Akamai Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, October 19th. FBN Securities reiterated an “outperform” rating and set a $120.00 price target on shares of Akamai Technologies in a research note on Friday, November 6th. Guggenheim reissued a “buy” rating on shares of Akamai Technologies in a report on Friday, October 30th. Finally, DA Davidson cut their price objective on Akamai Technologies from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $135.09.

Akamai Technologies Stock Performance

Shares of Akamai Technologies stock opened at $86.68 on Monday. The company has a 50 day moving average price of $100.12 and a 200 day moving average price of $112.06. The firm has a market capitalization of $12.50 billion, a P/E ratio of 33.60, a PEG ratio of 2.92 and a beta of 0.65. The company has a quick ratio of 1.64, a current ratio of 2.13 and a debt-to-equity ratio of 1.25. Akamai Technologies has a 52 week low of $77.37 and a 52 week high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, November 5th. The technology infrastructure company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.10. Akamai Technologies had a net margin of 8.84% and a return on equity of 10.88%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm earned $1.86 EPS. Akamai Technologies’s revenue was up 6.4% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS. Sell-side analysts expect that Akamai Technologies will post 3.58 EPS for the current year.

Insider Transactions at Akamai Technologies

In related news, EVP Kim Salem-Jackson sold 2,013 shares of the firm’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $128.00, for a total transaction of $257,664.00. Following the completion of the transaction, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Joseph sold 3,100 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total transaction of $327,453.00. Following the transaction, the executive vice president owned 28,472 shares of the company’s stock, valued at $3,007,497.36. This represents a 9.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,135 shares of company stock worth $1,467,221 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Akamai Technologies

Institutional investors have recently modified their holdings of the stock. Latitude Advisors LLC purchased a new stake in shares of Akamai Technologies in the third quarter worth about $26,000. Silvant Capital Management LLC purchased a new position in Akamai Technologies during the second quarter valued at approximately $32,000. Farmers & Merchants Investments Inc. raised its position in Akamai Technologies by 153.7% during the third quarter. Farmers & Merchants Investments Inc. now owns 274 shares of the technology infrastructure company’s stock valued at $29,000 after acquiring an additional 166 shares in the last quarter. Persistent Asset Partners Ltd acquired a new position in Akamai Technologies in the second quarter valued at approximately $54,000. Finally, Provenance Wealth Advisors LLC acquired a new position in Akamai Technologies in the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

Akamai Technologies is a technology company that provides cloud computing, cybersecurity and content delivery services. Its distributed platform helps businesses deliver digital content and applications, protect online operations and run workloads closer to users and devices. The company’s offerings include web and application performance services, protection against cyberattacks, application and API security, and cloud infrastructure through Akamai Connected Cloud. Its services support organizations seeking to improve the speed, availability and security of their websites, applications and online services.