Akamai Technologies (NASDAQ:AKAM) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Akamai Technologies, Inc. (NASDAQ:AKAM). In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Akamai Technologies stock on May 12th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Hubbell (NYSE:HUBB) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Trane Technologies (NYSE:TT) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of NiSource (NYSE:NI) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Johnson & Johnson (NYSE:JNJ) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of AppLovin (NASDAQ:APP) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Fiserv (NYSE:FI) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of CNO Financial Group (NYSE:CNO) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Cboe Global Markets (NASDAQ:CBOE) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Lam Research (NASDAQ:LRCX) on 5/12/2025.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM opened at $74.38 on Friday. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $106.80. The business has a fifty day simple moving average of $78.38 and a 200 day simple moving average of $82.19. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.52. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 2.41 and a beta of 0.76.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, May 8th. The technology infrastructure company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.12. Akamai Technologies had a return on equity of 14.09% and a net margin of 11.26%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned $1.64 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 13,157 shares of Akamai Technologies stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $76.33, for a total transaction of $1,004,273.81. Following the sale, the executive vice president directly owned 43,575 shares of the company’s stock, valued at approximately $3,326,079.75. The trade was a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Adam Karon sold 3,927 shares of Akamai Technologies stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $85.02, for a total value of $333,873.54. Following the sale, the chief operating officer directly owned 10,809 shares in the company, valued at $918,981.18. The trade was a 26.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,084 shares of company stock valued at $1,726,847. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AKAM. Wall Street Zen lowered Akamai Technologies from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. UBS Group raised their target price on Akamai Technologies from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Scotiabank lowered their price target on Akamai Technologies from $107.00 to $105.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 9th. KeyCorp began coverage on Akamai Technologies in a research report on Friday, June 6th. They issued an “underweight” rating and a $63.00 price target on the stock. Finally, Morgan Stanley lowered their price target on Akamai Technologies from $102.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Akamai Technologies currently has an average rating of “Hold” and a consensus price target of $99.84.

Hedge Funds Weigh In On Akamai Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in Akamai Technologies during the first quarter valued at about $27,000. UMB Bank n.a. boosted its holdings in Akamai Technologies by 50.8% during the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after purchasing an additional 133 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Akamai Technologies by 54.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company’s stock valued at $35,000 after purchasing an additional 155 shares in the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Akamai Technologies by 99.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company’s stock valued at $45,000 after purchasing an additional 234 shares in the last quarter. Finally, LRI Investments LLC boosted its holdings in Akamai Technologies by 766.1% during the second quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock valued at $39,000 after purchasing an additional 429 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Akamai Technologies

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.