Insider Selling: Akamai Technologies (NASDAQ:AKAM) EVP Sells $327,453.00 in Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Paul Joseph sold 3,100 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the transaction, the executive vice president owned 28,472 shares of the company’s stock, valued at $3,007,497.36. The trade was a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock traded down $0.17 during trading on Tuesday, hitting $105.40. 2,826,252 shares of the stock traded hands, compared to its average volume of 4,493,370. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The stock has a market cap of $15.15 billion, a price-to-earnings ratio of 37.91, a PEG ratio of 4.92 and a beta of 0.63. The firm’s fifty day moving average is $115.12 and its 200-day moving average is $118.17. Akamai Technologies, Inc. has a 52 week low of $70.82 and a 52 week high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.Akamai Technologies’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. Research analysts expect that Akamai Technologies, Inc. will post 3.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AKAM has been the subject of a number of recent research reports. Piper Sandler upgraded shares of Akamai Technologies from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $140.00 to $125.00 in a report on Tuesday, September 1st. Zacks Research raised shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada decreased their target price on shares of Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research note on Wednesday, June 24th. Finally, Citigroup cut their price target on shares of Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. Thirteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $141.62.

Institutional Trading of Akamai Technologies

Several large investors have recently modified their holdings of AKAM. Contravisory Investment Management Inc. bought a new position in Akamai Technologies during the 1st quarter valued at approximately $1,172,000. HighTower Advisors LLC grew its position in shares of Akamai Technologies by 132.4% in the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock worth $2,265,000 after buying an additional 14,792 shares during the last quarter. Baker Avenue Asset Management LP bought a new stake in shares of Akamai Technologies in the 4th quarter worth approximately $1,393,000. Todd Asset Management LLC increased its stake in shares of Akamai Technologies by 63.8% during the fourth quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company’s stock valued at $37,513,000 after buying an additional 167,500 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Akamai Technologies by 503.6% during the first quarter. Empowered Funds LLC now owns 42,831 shares of the technology infrastructure company’s stock valued at $4,919,000 after buying an additional 35,735 shares during the period. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company’s offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.