Akamai Technologies (NASDAQ:AKAM) EVP Paul Joseph Sells 3,100 Shares

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Paul Joseph sold 3,100 shares of Akamai Technologies stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the transaction, the executive vice president owned 28,472 shares in the company, valued at $3,007,497.36. The trade was a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Price Performance

NASDAQ AKAM opened at $105.40 on Wednesday. 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 quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $15.15 billion, a PE ratio of 37.91, a P/E/G ratio of 4.87 and a beta of 0.63. The stock has a 50-day simple moving average of $114.94 and a 200 day simple moving average of $118.20.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.73 EPS. 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. Research analysts anticipate that Akamai Technologies, Inc. will post 3.66 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AKAM. Dimensional Fund Advisors LP boosted its stake in Akamai Technologies by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock worth $397,881,000 after buying an additional 349,451 shares in the last quarter. Norges Bank acquired a new position in shares of Akamai Technologies in the 4th quarter valued at $192,959,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Akamai Technologies during the 2nd quarter worth about $222,046,000. William Blair Investment Management LLC bought a new position in shares of Akamai Technologies during the 2nd quarter worth about $181,508,000. Finally, Legal & General Group Plc acquired a new stake in shares of Akamai Technologies during the 2nd quarter valued at about $159,564,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. Piper Sandler raised shares of Akamai Technologies from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $140.00 to $125.00 in a report on Tuesday, September 1st. Zacks Research upgraded shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Citigroup dropped their price objective on shares of Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. Thirteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $141.62.

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.