Mani Sundaram Sells 3,186 Shares of Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Mani Sundaram sold 3,186 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $101.90, for a total transaction of $324,653.40. Following the completion of the sale, the executive vice president directly owned 19,923 shares of the company’s stock, valued at approximately $2,030,153.70. This represents a 13.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Mani Sundaram also recently made the following trade(s):

• On Wednesday, March 4th, Mani Sundaram sold 8,642 shares of Akamai Technologies stock. The stock was sold at an average price of $101.25, for a total transaction of $875,002.50.

Akamai Technologies Stock Down 1.1%

Shares of AKAM opened at $99.89 on Friday. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 3.41 and a beta of 0.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.36 and a current ratio of 2.36. The business’s fifty day moving average price is $95.98 and its two-hundred day moving average price is $85.88. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $113.50.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. On average, analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. grew its holdings in Akamai Technologies by 295.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 251 shares during the period. TD Waterhouse Canada Inc. raised its holdings in Akamai Technologies by 130.0% in the third quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock worth $26,000 after purchasing an additional 195 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Akamai Technologies by 566.7% during the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock worth $26,000 after purchasing an additional 289 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Akamai Technologies by 626.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after purchasing an additional 263 shares in the last quarter. Finally, Wolff Wiese Magana LLC grew its holdings in shares of Akamai Technologies by 497.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock valued at $30,000 after buying an additional 333 shares during the period. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

AKAM has been the topic of a number of research reports. Morgan Stanley upped their target price on shares of Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Oppenheimer boosted their price target on shares of Akamai Technologies from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Robert W. Baird increased their price objective on shares of Akamai Technologies from $90.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Wall Street Zen cut shares of Akamai Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Susquehanna lifted their target price on shares of Akamai Technologies from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Friday, February 20th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Akamai Technologies has an average rating of “Hold” and an average target price of $108.84.

About Akamai Technologies

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.