Akamai Technologies (NASDAQ:AKAM) EVP Sells 2,013 Shares of Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Kim Salem-Jackson sold 2,013 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $128.00, for a total value of $257,664.00. Following the transaction, the executive vice president owned 57,197 shares of the company’s stock, valued at $7,321,216. This represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Stock Performance

Shares of AKAM stock traded down $4.95 during trading hours on Monday, reaching $108.99. The stock had a trading volume of 8,045,816 shares, compared to its average volume of 4,655,878. The firm has a market capitalization of $15.66 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 5.28 and a beta of 0.63. The firm has a 50-day simple moving average of $112.98 and a 200-day simple moving average of $118.84. Akamai Technologies, Inc. has a twelve month low of $70.82 and a twelve month high of $165.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $1.73 earnings per share. The business’s 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. As a group, equities analysts forecast that Akamai Technologies, Inc. will post 3.63 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Akamai Technologies from $158.00 to $167.00 and gave the company a “neutral” rating in a research note on Friday. Bank of America upped their price target on shares of Akamai Technologies from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday. Citigroup decreased their price objective on Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. Wall Street Zen lowered shares of Akamai Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Susquehanna lowered their price target on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a report on Monday, August 10th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $147.62.

Hedge Funds Weigh In On Akamai Technologies

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Akamai Technologies during the 4th quarter valued at approximately $192,959,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Akamai Technologies in the 2nd quarter worth $222,046,000. William Blair Investment Management LLC bought a new stake in shares of Akamai Technologies in the second quarter valued at about $181,508,000. Legal & General Group Plc acquired a new position in Akamai Technologies in the 2nd quarter valued at approximately $159,564,000. Finally, Atreides Management LP acquired a new position in Akamai Technologies in the 2nd quarter valued at approximately $107,640,000. Institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

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.