Akamai Technologies (NASDAQ:AKAM) CEO Purchases $2,552,400.00 in Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) CEO F. Leighton bought 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 13th. The stock was purchased at an average price of $85.08 per share, for a total transaction of $2,552,400.00. Following the acquisition, the chief executive officer directly owned 2,559,963 shares in the company, valued at approximately $217,801,652.04. This trade represents a 1.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Akamai Technologies Stock Performance

Akamai Technologies stock traded down $1.16 on Friday, reaching $85.40. 5,108,916 shares of the stock were exchanged, compared to its average volume of 4,901,066. The company has a current ratio of 2.13, a quick ratio of 1.64 and a debt-to-equity ratio of 1.25. Akamai Technologies, Inc. has a twelve month low of $77.37 and a twelve month high of $165.45. The firm has a fifty day moving average price of $99.75 and a two-hundred day moving average price of $112.00. The stock has a market cap of $12.32 billion, a PE ratio of 33.10, a PEG ratio of 2.99 and a beta of 0.65.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, November 5th. The technology infrastructure company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.10. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. Akamai Technologies had a return on equity of 10.88% and a net margin of 8.84%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $1.86 earnings per share. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS. Sell-side analysts anticipate that Akamai Technologies, Inc. will post 3.58 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System lifted its stake in shares of Akamai Technologies by 153.1% in the third quarter. State Board of Administration of Florida Retirement System now owns 300,688 shares of the technology infrastructure company’s stock valued at $31,978,000 after buying an additional 181,885 shares during the period. Buckland Partners Management Co LLC bought a new position in Akamai Technologies during the third quarter valued at about $425,000. AlphaGrep UK Ltd raised its holdings in Akamai Technologies by 208.1% in the 3rd quarter. AlphaGrep UK Ltd now owns 5,506 shares of the technology infrastructure company’s stock valued at $586,000 after acquiring an additional 3,719 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Akamai Technologies by 221.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 15,055 shares of the technology infrastructure company’s stock valued at $1,601,000 after acquiring an additional 10,371 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Akamai Technologies by 12.1% in the 3rd quarter. First Trust Advisors LP now owns 5,326,436 shares of the technology infrastructure company’s stock valued at $553,668,000 after acquiring an additional 574,317 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AKAM shares. Morgan Stanley lowered their target price on Akamai Technologies from $165.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, November 2nd. Raymond James Financial raised Akamai Technologies from an “outperform” rating to a “strong-buy” rating and set a $170.00 price target on the stock in a research report on Tuesday, October 20th. HSBC lowered Akamai Technologies from a “buy” rating to a “hold” rating and cut their price target for the stock from $171.00 to $123.00 in a report on Monday, August 10th. President Capital increased their price objective on Akamai Technologies from $150.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Finally, Weiss Ratings upgraded shares of Akamai Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Akamai Technologies has an average rating of “Hold” and an average target price of $135.09.

Akamai Technologies Company Profile

Akamai Technologies is a technology company that provides cloud computing, cybersecurity and content delivery services. Its distributed platform helps businesses deliver digital content and applications, protect online operations and run workloads closer to users and devices. The company’s offerings include web and application performance services, protection against cyberattacks, application and API security, and cloud infrastructure through Akamai Connected Cloud. Its services support organizations seeking to improve the speed, availability and security of their websites, applications and online services.