Edward Mcgowan Sells 6,560 Shares of Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) CFO Edward Mcgowan sold 6,560 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $88.03, for a total value of $577,476.80. Following the sale, the chief financial officer owned 16,442 shares in the company, valued at $1,447,389.26. The trade was a 28.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock traded up $0.65 during trading on Monday, hitting $86.53. 3,625,223 shares of the stock traded hands, compared to its average volume of 2,448,302. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 3.16 and a beta of 0.68. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $103.75. The firm’s fifty day moving average is $81.26 and its 200-day moving average is $78.75.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.22. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm earned $1.59 earnings per share. Akamai Technologies’s revenue for the quarter was up 5.0% on a year-over-year basis. 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. Research analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Institutional Trading of Akamai Technologies

Several large investors have recently modified their holdings of AKAM. Whittier Trust Co. of Nevada Inc. raised its position in Akamai Technologies by 295.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 251 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Akamai Technologies by 130.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock worth $26,000 after buying an additional 195 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Akamai Technologies by 566.7% during the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock valued at $26,000 after buying an additional 289 shares during the period. WPG Advisers LLC purchased a new position in shares of Akamai Technologies during the first quarter valued at approximately $27,000. Finally, Wolff Wiese Magana LLC raised its holdings in shares of Akamai Technologies by 497.0% during the third quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock valued at $30,000 after acquiring an additional 333 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AKAM has been the topic of a number of analyst reports. Bank of America decreased their target price on shares of Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. TD Cowen raised their price objective on Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a research note on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a report on Monday, December 8th. Jefferies Financial Group cut Akamai Technologies to an “underperform” rating in a report on Monday. Finally, Morgan Stanley reduced their price target on Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. Six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $93.63.

Akamai Technologies Company 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.