Robert Blumofe Sells 243 Shares of Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Trading Down 2.3%

AKAM traded down $2.95 during midday trading on Thursday, hitting $124.91. 6,466,892 shares of the company were exchanged, compared to its average volume of 4,980,121. The firm’s 50 day moving average price is $127.30 and its 200-day moving average price is $108.01. Akamai Technologies, Inc. has a 1-year low of $69.78 and a 1-year high of $165.45. The firm has a market capitalization of $18.16 billion, a P/E ratio of 42.06, a P/E/G ratio of 4.14 and a beta of 0.60. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting the consensus estimate of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.70 earnings per share. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. As a group, equities analysts forecast that Akamai Technologies, Inc. will post 3.93 EPS for the current fiscal year.

Institutional Trading of Akamai Technologies

Large investors have recently modified their holdings of the stock. First Trust Advisors LP increased its stake in shares of Akamai Technologies by 16.5% in the 4th quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock valued at $589,112,000 after acquiring an additional 957,345 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Akamai Technologies by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock worth $397,881,000 after acquiring an additional 349,451 shares in the last quarter. Invesco Ltd. boosted its stake in Akamai Technologies by 5.8% during the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock worth $245,394,000 after acquiring an additional 177,756 shares in the last quarter. Norges Bank acquired a new stake in Akamai Technologies in the fourth quarter worth $192,959,000. Finally, Alyeska Investment Group L.P. increased its stake in Akamai Technologies by 34.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company’s stock valued at $191,707,000 after purchasing an additional 563,178 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

AKAM has been the topic of a number of analyst reports. Scotiabank upped their price objective on shares of Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. KeyCorp lifted their target price on shares of Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Raymond James Financial boosted their target price on shares of Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. Zacks Research cut shares of Akamai Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. increased their price target on Akamai Technologies from $72.00 to $100.00 in a report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Akamai Technologies presently has a consensus rating of “Hold” and a consensus price target of $145.29.

About Akamai Technologies

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.