Akamai Technologies (NASDAQ:AKAM) CTO Robert Blumofe Sells 3,500 Shares

Akamai Technologies, Inc. (NASDAQ:AKAM) CTO Robert Blumofe sold 3,500 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $97.00, for a total transaction of $339,500.00. Following the completion of the transaction, the chief technology officer directly owned 18,074 shares of the company’s stock, valued at $1,753,178. The trade was a 16.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Robert Blumofe also recently made the following trade(s):

• On Friday, November 7th, Robert Blumofe sold 3,500 shares of Akamai Technologies stock. The stock was sold at an average price of $86.00, for a total transaction of $301,000.00.

Akamai Technologies Trading Down 2.0%

Shares of Akamai Technologies stock opened at $95.08 on Friday. The firm’s 50 day simple moving average is $88.58 and its two-hundred day simple moving average is $81.05. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 3.51 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 current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.87.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.64 by $0.22. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The business’s revenue for the quarter 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. Analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Hedge Funds Weigh In On Akamai Technologies

Several institutional investors have recently made changes to their positions in AKAM. Farther Finance Advisors LLC boosted its holdings in Akamai Technologies by 12.3% during the fourth quarter. Farther Finance Advisors LLC now owns 3,049 shares of the technology infrastructure company’s stock worth $266,000 after buying an additional 335 shares in the last quarter. Assetmark Inc. raised its position in shares of Akamai Technologies by 31.8% in the fourth quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company’s stock worth $39,000 after acquiring an additional 107 shares during the period. Transcend Capital Advisors LLC boosted its stake in shares of Akamai Technologies by 19.7% during the 4th quarter. Transcend Capital Advisors LLC now owns 3,288 shares of the technology infrastructure company’s stock worth $287,000 after acquiring an additional 540 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Akamai Technologies by 88.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 461,461 shares of the technology infrastructure company’s stock worth $40,262,000 after acquiring an additional 216,222 shares in the last quarter. Finally, Carnegie Investment Counsel grew its position in shares of Akamai Technologies by 0.9% during the 4th quarter. Carnegie Investment Counsel now owns 73,838 shares of the technology infrastructure company’s stock valued at $6,442,000 after acquiring an additional 633 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AKAM shares. Oppenheimer started coverage on Akamai Technologies in a research note on Monday, November 17th. They issued an “outperform” rating and a $100.00 price objective for the company. President Capital increased their price target on shares of Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, November 7th. The Goldman Sachs Group raised their price target on shares of Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a research report on Friday, November 7th. Royal Bank Of Canada lifted their price objective on shares of Akamai Technologies from $80.00 to $90.00 and gave the company a “sector perform” rating in a research note on Monday, January 5th. Finally, Scotiabank upped their price objective on shares of Akamai Technologies from $94.00 to $105.00 and gave the company a “sector outperform” rating in a report on Friday, January 9th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $96.11.

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.