Akamai Technologies, Inc. $AKAM Shares Sold by S&CO Inc.

S&CO Inc. decreased its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 13.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,027 shares of the technology infrastructure company’s stock after selling 6,910 shares during the quarter. S&CO Inc.’s holdings in Akamai Technologies were worth $3,511,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in shares of Akamai Technologies in the 1st quarter valued at about $27,000. UMB Bank n.a. raised its holdings in Akamai Technologies by 50.8% in the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after acquiring an additional 133 shares in the last quarter. Assetmark Inc. raised its holdings in Akamai Technologies by 198.1% in the second quarter. Assetmark Inc. now owns 474 shares of the technology infrastructure company’s stock valued at $38,000 after acquiring an additional 315 shares in the last quarter. LRI Investments LLC lifted its stake in Akamai Technologies by 766.1% in the second quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock worth $39,000 after acquiring an additional 429 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in Akamai Technologies during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity

In other news, CTO Robert Blumofe sold 3,500 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $86.00, for a total value of $301,000.00. Following the completion of the sale, the chief technology officer directly owned 24,410 shares of the company’s stock, valued at approximately $2,099,260. This represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total transaction of $303,040.00. Following the completion of the transaction, the executive vice president directly owned 21,211 shares in the company, valued at $1,606,945.36. The trade was a 15.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 15,500 shares of company stock valued at $1,218,290. 2.00% of the stock is currently owned by company insiders.

Akamai Technologies Price Performance

Shares of AKAM opened at $83.74 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $103.75. The stock has a market cap of $12.01 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72. The firm has a fifty day moving average price of $75.93 and a 200 day moving average price of $77.27.

Akamai Technologies (NASDAQ:AKAM) last posted its 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. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 earnings per share. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. As a group, sell-side analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AKAM shares. President Capital raised their price objective on shares of Akamai Technologies from $104.00 to $116.00 and gave the company a “buy” rating in a report on Friday. DA Davidson reissued a “buy” rating and issued a $115.00 target price on shares of Akamai Technologies in a report on Thursday, October 16th. The Goldman Sachs Group lifted their price target on Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a report on Friday. Piper Sandler upped their price objective on Akamai Technologies from $83.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Scotiabank dropped their price objective on Akamai Technologies from $95.00 to $94.00 and set a “hold” rating on the stock in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $93.80.

Akamai Technologies Company Profile

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.