Akamai Technologies (NASDAQ:AKAM) EVP Sells $327,453.00 in Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Paul Joseph sold 3,100 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the sale, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Trading Up 2.5%

NASDAQ:AKAM opened at $107.08 on Friday. Akamai Technologies, Inc. has a 1 year low of $70.82 and a 1 year high of $165.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a fifty day moving average price of $114.05 and a two-hundred day moving average price of $118.30. The stock has a market capitalization of $15.39 billion, a price-to-earnings ratio of 38.52, a PEG ratio of 4.84 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the firm earned $1.73 EPS. The business’s revenue was up 5.4% on a year-over-year basis. 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, sell-side analysts anticipate that Akamai Technologies, Inc. will post 3.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AKAM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a report on Wednesday, June 24th. HSBC cut Akamai Technologies from a “buy” rating to a “hold” rating and dropped their price target for the company from $171.00 to $123.00 in a research report on Monday, August 10th. UBS Group boosted their price objective on shares of Akamai Technologies from $125.00 to $143.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. raised shares of Akamai Technologies from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $132.00 to $158.00 in a research note on Thursday, August 13th. Finally, Susquehanna dropped their target price on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating for the company in a report on Monday, August 10th. Thirteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $141.62.

Hedge Funds Weigh In On Akamai Technologies

A number of institutional investors have recently made changes to their positions in AKAM. Sequoia Financial Advisors LLC boosted its stake in shares of Akamai Technologies by 263.5% during the second quarter. Sequoia Financial Advisors LLC now owns 98,149 shares of the technology infrastructure company’s stock valued at $11,602,000 after acquiring an additional 71,147 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Akamai Technologies by 328.9% during the 2nd quarter. Tidal Investments LLC now owns 181,197 shares of the technology infrastructure company’s stock worth $21,419,000 after purchasing an additional 138,950 shares during the last quarter. Capital Analysts LLC grew its holdings in shares of Akamai Technologies by 71.0% during the second quarter. Capital Analysts LLC now owns 2,957 shares of the technology infrastructure company’s stock worth $350,000 after buying an additional 1,228 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Akamai Technologies by 217.2% during the second quarter. Integrated Wealth Concepts LLC now owns 18,054 shares of the technology infrastructure company’s stock worth $2,134,000 after buying an additional 12,363 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Akamai Technologies by 252.8% in the second quarter. IFP Advisors Inc now owns 3,069 shares of the technology infrastructure company’s stock valued at $363,000 after buying an additional 2,199 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

About Akamai Technologies

Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company’s offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.