Akamai Technologies (NASDAQ:AKAM) EVP Paul Joseph Sells 5,000 Shares

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Paul Joseph sold 5,000 shares of Akamai Technologies stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $90.17, for a total value of $450,850.00. Following the sale, the executive vice president owned 17,513 shares of the company’s stock, valued at approximately $1,579,147.21. This represents a 22.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $91.53 on Friday. The stock has a market capitalization of $13.17 billion, a P/E ratio of 26.84, a P/E/G ratio of 3.28 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. 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 50-day moving average is $87.88 and its two-hundred day moving average is $80.45.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data 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. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.59 earnings per share. 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. Equities analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Analysts Set New Price Targets

AKAM has been the topic of a number of research analyst reports. President Capital raised their price target on Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Piper Sandler boosted their price objective on shares of Akamai Technologies from $86.00 to $89.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. TD Cowen lifted their target price on Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a report on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a research note on Monday, December 29th. Finally, Scotiabank lifted their price objective on Akamai Technologies from $94.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Friday, January 9th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Akamai Technologies has a consensus rating of “Hold” and a consensus target price of $95.28.

Institutional Trading of Akamai Technologies

Several large investors have recently bought and sold shares of the company. Alberta Investment Management Corp acquired a new stake in Akamai Technologies in the second quarter valued at $822,000. Norges Bank bought a new stake in shares of Akamai Technologies during the 2nd quarter valued at about $266,817,000. Intech Investment Management LLC lifted its holdings in Akamai Technologies by 82.6% in the second quarter. Intech Investment Management LLC now owns 64,731 shares of the technology infrastructure company’s stock worth $5,163,000 after acquiring an additional 29,281 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Akamai Technologies by 5.9% in the third quarter. Vontobel Holding Ltd. now owns 1,557,394 shares of the technology infrastructure company’s stock worth $117,988,000 after acquiring an additional 86,113 shares during the last quarter. Finally, Savant Capital LLC bought a new position in shares of Akamai Technologies during the second quarter valued at approximately $309,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.