Akamai Technologies (NASDAQ:AKAM) EVP Sells $311,811.00 in Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction of $311,811.00. Following the sale, the executive vice president owned 59,210 shares of the company’s stock, valued at $8,027,099.70. This trade represents a 3.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Trading Up 0.8%

Shares of Akamai Technologies stock opened at $133.50 on Friday. The stock has a market capitalization of $19.41 billion, a P/E ratio of 44.95, a price-to-earnings-growth ratio of 4.18 and a beta of 0.60. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. The company has a 50-day simple moving average of $126.43 and a 200 day simple moving average of $107.00. Akamai Technologies, Inc. has a 12-month low of $69.78 and a 12-month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, hitting analysts’ consensus estimates of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm earned $1.70 EPS. The company’s revenue was up 5.8% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. Research analysts expect that Akamai Technologies, Inc. will post 3.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AKAM. Oppenheimer increased their price objective on shares of Akamai Technologies from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Raymond James Financial increased their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. Robert W. Baird reissued a “neutral” rating and set a $110.00 price objective on shares of Akamai Technologies in a report on Thursday, April 2nd. Evercore began coverage on shares of Akamai Technologies in a report on Tuesday, April 14th. They set an “outperform” rating and a $130.00 price objective on the stock. Finally, The Goldman Sachs Group increased their price objective on shares of Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $145.29.

Institutional Trading of Akamai Technologies

A number of hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Akamai Technologies by 3.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock valued at $271,000 after acquiring an additional 70 shares during the period. Rexford Capital Inc. raised its position in shares of Akamai Technologies by 1.9% in the 4th quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company’s stock valued at $445,000 after acquiring an additional 93 shares during the period. Assetmark Inc. raised its position in shares of Akamai Technologies by 31.8% in the 4th quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company’s stock valued at $39,000 after acquiring an additional 107 shares during the period. Root Financial Partners LLC raised its position in shares of Akamai Technologies by 45.8% in the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock valued at $31,000 after acquiring an additional 110 shares during the period. Finally, Perigon Wealth Management LLC raised 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 valued at $480,000 after acquiring an additional 115 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.