Adam Karon Sells 3,320 Shares of Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) COO Adam Karon sold 3,320 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $87.30, for a total transaction of $289,836.00. Following the transaction, the chief operating officer owned 7,785 shares of the company’s stock, valued at approximately $679,630.50. The trade was a 29.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Akamai Technologies Stock Down 2.5%

Akamai Technologies stock traded down $2.15 during midday trading on Friday, reaching $85.10. The company’s stock had a trading volume of 1,489,734 shares, compared to its average volume of 2,083,497. The company has a market cap of $12.24 billion, a P/E ratio of 24.96, a P/E/G ratio of 3.21 and a beta of 0.68. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The business has a 50-day simple moving average of $85.02 and a 200-day simple moving average of $79.82. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $103.75.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.22. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 EPS. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. On average, research analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AKAM. TD Cowen upped their target price on shares of Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a report on Thursday, November 13th. Bank of America reduced their price target on shares of Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, October 20th. President Capital raised their price objective on Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Oppenheimer assumed coverage on Akamai Technologies in a report on Monday, November 17th. They issued an “outperform” rating and a $100.00 target price for the company. Finally, Morgan Stanley decreased their target price on Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating for the company in a research report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $92.72.

Institutional Investors Weigh In On Akamai Technologies

Several hedge funds have recently made changes to their positions in AKAM. Alberta Investment Management Corp acquired a new position in Akamai Technologies in the 2nd quarter valued at $822,000. Norges Bank purchased a new stake in shares of Akamai Technologies in the second quarter valued at about $266,817,000. Intech Investment Management LLC increased its stake in shares of Akamai Technologies by 82.6% during the second quarter. Intech Investment Management LLC now owns 64,731 shares of the technology infrastructure company’s stock worth $5,163,000 after acquiring an additional 29,281 shares during the period. Savant Capital LLC acquired a new position in shares of Akamai Technologies during the second quarter worth about $309,000. Finally, Vontobel Holding Ltd. raised its holdings in Akamai Technologies by 5.9% during the third quarter. Vontobel Holding Ltd. now owns 1,557,394 shares of the technology infrastructure company’s stock worth $117,988,000 after purchasing an additional 86,113 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

About Akamai Technologies

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.