Akamai Technologies, Inc. $AKAM Shares Bought by Ossiam

Ossiam lifted its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 66.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,325 shares of the technology infrastructure company’s stock after purchasing an additional 10,863 shares during the quarter. Ossiam’s holdings in Akamai Technologies were worth $2,179,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AKAM. WPG Advisers LLC acquired a new position in shares of Akamai Technologies in the first quarter valued at approximately $27,000. UMB Bank n.a. boosted its position in Akamai Technologies by 50.8% in the 2nd quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after buying an additional 133 shares during the period. Assetmark Inc. grew its stake in shares of Akamai Technologies by 198.1% in the second quarter. Assetmark Inc. now owns 474 shares of the technology infrastructure company’s stock worth $38,000 after acquiring an additional 315 shares in the last quarter. LRI Investments LLC grew its stake in shares of Akamai Technologies by 766.1% in the second quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock worth $39,000 after acquiring an additional 429 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of Akamai Technologies during the first quarter worth $42,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AKAM shares. The Goldman Sachs Group lifted their target price on Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a report on Friday, November 7th. President Capital lifted their price objective on Akamai Technologies from $104.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Oppenheimer began coverage on shares of Akamai Technologies in a research note on Monday, November 17th. They set an “outperform” rating and a $100.00 target price on the stock. Piper Sandler raised their target price on shares of Akamai Technologies from $83.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a report on Monday. Six investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $93.63.

Insider Activity

In related news, EVP Mani Sundaram sold 10,438 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $89.25, for a total value of $931,591.50. Following the completion of the sale, the executive vice president directly owned 13,550 shares of the company’s stock, valued at $1,209,337.50. This represents a 43.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Robert Blumofe sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $86.00, for a total value of $301,000.00. Following the transaction, the chief technology officer owned 24,410 shares in the company, valued at $2,099,260. This represents a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 18,938 shares of company stock valued at $1,615,842. Insiders own 2.00% of the company’s stock.

Akamai Technologies Trading Up 0.4%

NASDAQ AKAM opened at $85.66 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28. The firm’s fifty day moving average price is $80.73 and its 200 day moving average price is $78.56. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 3.14 and a beta of 0.68. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $103.75.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.22. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company earned $1.59 earnings per share. Akamai Technologies’s quarterly revenue was up 5.0% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. On average, sell-side analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

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.