Kim Salem-Jackson Sells 2,300 Shares of Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction that occurred 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 owned 59,210 shares of the company’s stock, valued at $8,027,099.70. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM opened at $132.46 on Friday. The firm has a 50 day moving average of $126.08 and a 200-day moving average of $106.81. The stock has a market capitalization of $19.26 billion, a PE ratio of 44.60, a PEG ratio of 4.10 and a beta of 0.60. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. Akamai Technologies, Inc. has a 12 month low of $69.78 and a 12 month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting the consensus estimate of $1.61. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.70 EPS. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. On average, equities research analysts predict that Akamai Technologies, Inc. will post 3.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AKAM has been the topic of several research reports. The Goldman Sachs Group lifted their price target 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. Guggenheim lifted their price target on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a report on Friday, May 8th. Robert W. Baird reaffirmed a “neutral” rating and set a $110.00 price target on shares of Akamai Technologies in a report on Thursday, April 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $156.00 price target (up from $114.00) on shares of Akamai Technologies in a report on Friday, May 8th. Finally, HSBC lifted their price target on shares of Akamai Technologies from $134.00 to $171.00 in a report on Monday, May 11th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $145.29.

Institutional Investors Weigh In On Akamai Technologies

A number of institutional investors have recently added to or reduced their stakes in AKAM. First Trust Advisors LP raised its stake in shares of Akamai Technologies by 16.5% during the fourth quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock valued at $589,112,000 after acquiring an additional 957,345 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Akamai Technologies by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock worth $397,881,000 after purchasing an additional 349,451 shares during the period. Invesco Ltd. lifted its holdings in shares of Akamai Technologies by 5.8% during the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock worth $245,394,000 after purchasing an additional 177,756 shares during the period. Norges Bank acquired a new position in shares of Akamai Technologies during the fourth quarter worth $192,959,000. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Akamai Technologies by 34.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company’s stock worth $191,707,000 after purchasing an additional 563,178 shares during the period. 94.28% of the stock is owned by institutional investors.

About Akamai Technologies

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.