Akamai Technologies, Inc. $AKAM Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 22.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,473 shares of the technology infrastructure company’s stock after selling 10,153 shares during the period. Blair William & Co. IL’s holdings in Akamai Technologies were worth $2,829,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AKAM. Brighton Jones LLC increased its position in shares of Akamai Technologies by 101.4% in the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after acquiring an additional 2,022 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Akamai Technologies by 595.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,614 shares of the technology infrastructure company’s stock valued at $130,000 after purchasing an additional 1,382 shares in the last quarter. Elevation Point Wealth Partners LLC grew its holdings in Akamai Technologies by 17.0% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 8,961 shares of the technology infrastructure company’s stock valued at $721,000 after purchasing an additional 1,300 shares in the last quarter. M.E. Allison & CO. Inc. acquired a new stake in Akamai Technologies during the 1st quarter valued at $265,000. Finally, Janney Montgomery Scott LLC grew its holdings in Akamai Technologies by 23.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,548 shares of the technology infrastructure company’s stock valued at $1,332,000 after purchasing an additional 3,134 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Trading Up 0.8%

NASDAQ AKAM opened at $73.80 on Tuesday. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 3.50 and a beta of 0.75. The company’s fifty day moving average price is $76.20 and its two-hundred day moving average price is $77.25.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.18. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm posted $1.58 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. As a group, research analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In other news, CTO Robert Blumofe sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $77.00, for a total value of $231,000.00. Following the transaction, the chief technology officer directly owned 27,910 shares in the company, valued at approximately $2,149,070. This trade represents a 9.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Aaron Ahola sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total transaction of $303,040.00. Following the completion of the transaction, the executive vice president owned 21,211 shares in the company, valued at approximately $1,606,945.36. The trade was a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,000 shares of company stock worth $917,290. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AKAM shares. The Goldman Sachs Group started coverage on shares of Akamai Technologies in a report on Wednesday, August 13th. They set a “sell” rating and a $67.00 price target for the company. Raymond James Financial lowered their price target on shares of Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Zacks Research raised shares of Akamai Technologies to a “hold” rating in a report on Monday, August 11th. Morgan Stanley lowered shares of Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price target for the company. in a report on Tuesday, August 5th. Finally, Scotiabank lowered their price target on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Akamai Technologies presently has an average rating of “Hold” and an average price target of $92.39.

About Akamai Technologies

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.