Akamai Technologies, Inc. $AKAM Stock Purchased by Krilogy Financial LLC

Krilogy Financial LLC increased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 150.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,129 shares of the technology infrastructure company’s stock after purchasing an additional 6,686 shares during the period. Krilogy Financial LLC’s holdings in Akamai Technologies were worth $1,184,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. increased its holdings in shares of Akamai Technologies by 8.4% in the 3rd quarter. Contravisory Investment Management Inc. now owns 11,558 shares of the technology infrastructure company’s stock valued at $1,229,000 after acquiring an additional 896 shares during the period. NorthCrest Asset Manangement LLC lifted its stake in shares of Akamai Technologies by 59.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 9,410 shares of the technology infrastructure company’s stock worth $1,001,000 after purchasing an additional 3,515 shares during the last quarter. Perpetual Ltd lifted its stake in shares of Akamai Technologies by 24.2% during the 3rd quarter. Perpetual Ltd now owns 3,799 shares of the technology infrastructure company’s stock worth $404,000 after purchasing an additional 741 shares during the last quarter. CX Institutional lifted its stake in shares of Akamai Technologies by 146.9% during the 3rd quarter. CX Institutional now owns 9,445 shares of the technology infrastructure company’s stock worth $1,004,000 after purchasing an additional 5,620 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Akamai Technologies by 260.6% during the third quarter. Versant Capital Management Inc now owns 696 shares of the technology infrastructure company’s stock valued at $74,000 after purchasing an additional 503 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AKAM. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price objective (up from $125.00) on shares of Akamai Technologies in a research report on Friday, September 25th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $135.00 target price on shares of Akamai Technologies in a report on Friday, September 25th. Raymond James Financial reissued an “outperform” rating and set a $170.00 price target on shares of Akamai Technologies in a research report on Tuesday, September 29th. Citigroup cut their price objective on shares of Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a research report on Friday, September 4th. Finally, Zacks Research upgraded shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Thirteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $150.10.

Akamai Technologies Stock Performance

Shares of AKAM opened at $92.32 on Friday. Akamai Technologies, Inc. has a 12 month low of $70.82 and a 12 month high of $165.45. The stock has a fifty day moving average price of $109.10 and a 200-day moving average price of $118.21. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. The firm has a market cap of $13.27 billion, a PE ratio of 33.21, a P/E/G ratio of 4.31 and a beta of 0.62.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data 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. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the firm earned $1.73 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. 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. Equities research analysts predict that Akamai Technologies, Inc. will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Paul Joseph sold 3,100 shares of the firm’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 sale, the executive vice president owned 28,472 shares of the company’s stock, valued at approximately $3,007,497.36. This trade represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mani Sundaram sold 7,022 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $125.62, for a total value of $882,103.64. Following the sale, the executive vice president owned 14,625 shares in the company, valued at $1,837,192.50. The trade was a 32.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 12,135 shares of company stock worth $1,467,221. 2.30% of the stock is owned by insiders.

Akamai Technologies Profile

Akamai Technologies, Inc (NASDAQ: AKAM) provides cloud computing, cybersecurity and content delivery services for businesses and public-sector organizations. Its distributed edge platform helps customers deliver websites, applications, media and other digital experiences while improving performance, availability and scalability.

The company’s services include web and application performance optimization, content delivery, cloud infrastructure, application and API security, distributed denial-of-service protection, zero-trust security and bot management.