Rubric Capital Management LP Buys 100,000 Shares of Akamai Technologies, Inc. $AKAM

Rubric Capital Management LP raised its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 8.3% in the first quarter, Holdings Channel reports. The fund owned 1,300,000 shares of the technology infrastructure company’s stock after acquiring an additional 100,000 shares during the period. Akamai Technologies comprises approximately 1.6% of Rubric Capital Management LP’s holdings, making the stock its 14th biggest position. Rubric Capital Management LP’s holdings in Akamai Technologies were worth $149,305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Empowered Funds LLC lifted its position in Akamai Technologies by 503.6% during the 1st quarter. Empowered Funds LLC now owns 42,831 shares of the technology infrastructure company’s stock worth $4,919,000 after buying an additional 35,735 shares in the last quarter. Southpoint Capital Advisors LP bought a new position in Akamai Technologies in the first quarter valued at approximately $91,880,000. SummitTX Capital L.P. bought a new position in shares of Akamai Technologies in the 1st quarter worth $6,058,000. Delta Global Management LP bought a new position in Akamai Technologies during the first quarter worth about $8,095,000. Finally, Cooper Creek Partners Management LLC bought a new position in Akamai Technologies during the 1st quarter worth approximately $4,893,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies Trading Down 2.2%

NASDAQ AKAM opened at $112.85 on Tuesday. The business’s fifty day moving average is $130.17 and its 200 day moving average is $114.33. Akamai Technologies, Inc. has a twelve month low of $69.78 and a twelve month high of $165.45. The company has a market cap of $16.41 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 3.62 and a beta of 0.63. 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 released its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the business posted $1.70 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. 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, sell-side analysts expect that Akamai Technologies, Inc. will post 3.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AKAM has been the topic of several recent analyst reports. UBS Group lifted their target price on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Raymond James Financial increased their target price on shares of Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. Bank of America upgraded Akamai Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company from $130.00 to $175.00 in a research note on Wednesday, May 13th. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, May 8th. Finally, Susquehanna boosted their target price on Akamai Technologies from $120.00 to $175.00 and gave the stock a “positive” rating in a report on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $145.29.

Insider Transactions at Akamai Technologies

In other news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the completion of the sale, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the sale, the chief technology officer directly owned 31,006 shares in the company, valued at $4,012,486.46. This trade represents a 0.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% 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.