Paul Joseph Sells 5,000 Shares of Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Paul Joseph sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $90.17, for a total value of $450,850.00. Following the completion of the sale, the executive vice president owned 17,513 shares of the company’s stock, valued at approximately $1,579,147.21. This represents a 22.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Akamai Technologies Trading Up 2.1%

AKAM stock opened at $93.49 on Friday. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $103.75. The stock has a market capitalization of $13.45 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 3.31 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 firm’s fifty day simple moving average is $88.08 and its two-hundred day simple moving average is $80.55.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.22. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company earned $1.59 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. 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. As a group, analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC lifted its position in shares of 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 purchasing an additional 115 shares during the period. FNY Investment Advisers LLC purchased a new stake in Akamai Technologies during the fourth quarter worth $261,000. Ipswich Investment Management Co. Inc. purchased a new position in shares of Akamai Technologies in the 4th quarter valued at $203,000. Tema Etfs LLC bought a new position in shares of Akamai Technologies in the 4th quarter worth $132,000. Finally, Delta Capital Management LLC purchased a new stake in shares of Akamai Technologies during the 4th quarter worth $225,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AKAM shares. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a report on Monday, December 29th. HSBC lifted their target price on Akamai Technologies from $130.00 to $134.00 in a research report on Monday, November 10th. Scotiabank raised their price target on shares of Akamai Technologies from $94.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 9th. TD Cowen lifted their price objective 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. Finally, The Goldman Sachs Group upped their target price on shares of Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a research note on Friday, November 7th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $96.11.

Akamai Technologies Company 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.