Paul Joseph Sells 5,000 Shares of Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Paul Joseph sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $90.17, for a total value of $450,850.00. Following the sale, the executive vice president directly owned 17,513 shares of the company’s stock, valued at approximately $1,579,147.21. The trade was a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Akamai Technologies Stock Up 1.0%

AKAM stock traded up $0.88 during mid-day trading on Thursday, hitting $91.53. 3,088,479 shares of the company were exchanged, compared to its average volume of 2,864,788. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.28 and a current ratio of 2.28. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $103.75. The firm’s 50 day simple moving average is $87.51 and its 200 day simple moving average is $80.37. The firm has a market cap of $13.17 billion, a P/E ratio of 26.84, a P/E/G ratio of 3.20 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.22. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $1.59 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. On average, sell-side analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AKAM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a research report on Monday, December 29th. Oppenheimer assumed coverage on Akamai Technologies in a research note on Monday, November 17th. They issued an “outperform” rating and a $100.00 target price on the stock. Royal Bank Of Canada raised their price target on shares of Akamai Technologies from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Monday, January 5th. TD Cowen lifted their price objective on shares of Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a report on Thursday, November 13th. Finally, Raymond James Financial boosted their price objective on shares of Akamai Technologies from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $95.28.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AKAM. DLD Asset Management LP raised its stake in shares of Akamai Technologies by 60.0% during the 2nd quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company’s stock worth $1,595,200,000 after purchasing an additional 7,500,000 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Akamai Technologies by 4.9% in the second quarter. First Trust Advisors LP now owns 6,061,962 shares of the technology infrastructure company’s stock valued at $483,502,000 after buying an additional 281,526 shares in the last quarter. Nordea Investment Management AB increased its holdings in Akamai Technologies by 39.9% during the third quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock worth $258,739,000 after buying an additional 980,966 shares during the last quarter. Norges Bank bought a new stake in Akamai Technologies during the second quarter worth $266,817,000. Finally, Invesco Ltd. raised its position in Akamai Technologies by 5.8% during the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock worth $245,394,000 after acquiring an additional 177,756 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.