Cwm LLC Has $5.17 Million Stock Holdings in Akamai Technologies, Inc. $AKAM

Cwm LLC grew its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 18.0% during the 2nd quarter, Holdings Channel reports. The firm owned 64,869 shares of the technology infrastructure company’s stock after purchasing an additional 9,881 shares during the quarter. Cwm LLC’s holdings in Akamai Technologies were worth $5,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AKAM. Vanguard Personalized Indexing Management LLC lifted its position in Akamai Technologies by 12.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,762 shares of the technology infrastructure company’s stock worth $1,656,000 after buying an additional 2,307 shares in the last quarter. Apollon Wealth Management LLC lifted its position in Akamai Technologies by 9.0% during the 2nd quarter. Apollon Wealth Management LLC now owns 2,751 shares of the technology infrastructure company’s stock worth $219,000 after buying an additional 226 shares in the last quarter. Aberdeen Group plc lifted its position in Akamai Technologies by 4.3% during the 2nd quarter. Aberdeen Group plc now owns 151,400 shares of the technology infrastructure company’s stock worth $12,076,000 after buying an additional 6,223 shares in the last quarter. Lmcg Investments LLC lifted its position in Akamai Technologies by 6.2% during the 2nd quarter. Lmcg Investments LLC now owns 95,071 shares of the technology infrastructure company’s stock worth $7,583,000 after buying an additional 5,536 shares in the last quarter. Finally, JB Capital LLC lifted its position in Akamai Technologies by 17.3% during the 2nd quarter. JB Capital LLC now owns 59,655 shares of the technology infrastructure company’s stock worth $4,758,000 after buying an additional 8,810 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity

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

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $73.67 on Thursday. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.92. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $106.80. The company has a market cap of $10.56 billion, a PE ratio of 26.12, a PEG ratio of 3.54 and a beta of 0.75. The company’s 50-day moving average is $76.19 and its two-hundred day moving average is $77.20.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results 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. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.Akamai Technologies’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 EPS. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. Equities analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of Akamai Technologies to a “hold” rating in a research report on Monday, August 11th. The Goldman Sachs Group assumed coverage on shares of Akamai Technologies in a research report on Wednesday, August 13th. They set a “sell” rating and a $67.00 price target on the stock. Wall Street Zen upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Piper Sandler reduced their price target on shares of Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. Finally, Weiss Ratings downgraded shares of Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $92.39.

Akamai Technologies Profile

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.