Bull Harbor Capital LLC Buys New Stake in Akamai Technologies, Inc. $AKAM

Bull Harbor Capital LLC bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the first quarter, HoldingsChannel.com reports. The firm bought 4,534 shares of the technology infrastructure company’s stock, valued at approximately $521,000.

A number of other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of Akamai Technologies by 3.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock worth $271,000 after purchasing an additional 70 shares during the period. Rexford Capital Inc. boosted its stake in Akamai Technologies by 1.9% during the 4th quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company’s stock valued at $445,000 after purchasing an additional 93 shares during the period. Assetmark Inc. grew its holdings in Akamai Technologies by 31.8% in the 4th quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company’s stock valued at $39,000 after buying an additional 107 shares during the last quarter. Root Financial Partners LLC grew its holdings in Akamai Technologies by 45.8% in the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock valued at $31,000 after buying an additional 110 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its position in Akamai Technologies by 2.1% in the 4th quarter. Perigon Wealth Management LLC now owns 5,502 shares of the technology infrastructure company’s stock worth $480,000 after buying an additional 115 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Insider Transactions at Akamai Technologies

In other news, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the sale, the executive vice president directly owned 59,210 shares in the company, valued at approximately $8,027,099.70. The trade was a 3.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Akamai Technologies stock in a transaction dated 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 owned 31,006 shares in the company, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Evercore assumed coverage on Akamai Technologies in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. upped their target price on shares of Akamai Technologies from $72.00 to $100.00 in a research note on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a report on Wednesday, June 24th. Raymond James Financial upped their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. Finally, Guggenheim lifted their target price on Akamai Technologies from $133.00 to $181.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Akamai Technologies currently has an average rating of “Hold” and a consensus target price of $145.29.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM opened at $115.18 on Friday. The firm has a market capitalization of $16.74 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 3.57 and a beta of 0.63. Akamai Technologies, Inc. has a one year low of $69.78 and a one year high of $165.45. The business has a fifty day simple moving average of $127.56 and a 200 day simple moving average of $114.83. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.61. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. Sell-side analysts expect that Akamai Technologies, Inc. will post 3.91 EPS for the current year.

Akamai Technologies 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.