Robert Blumofe Sells 243 Shares of Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) CTO Robert Blumofe sold 243 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the transaction, the chief technology officer owned 31,006 shares in the company, valued at $4,012,486.46. This trade represents a 0.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $124.91 on Friday. Akamai Technologies, Inc. has a fifty-two week low of $69.78 and a fifty-two week high of $165.45. The stock’s 50-day moving average is $127.70 and its two-hundred day moving average is $108.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market cap of $18.16 billion, a P/E ratio of 42.06, a PEG ratio of 3.91 and a beta of 0.60.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 EPS. 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. Analysts predict that Akamai Technologies, Inc. will post 3.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on AKAM shares. Piper Sandler reiterated a “neutral” rating and issued a $156.00 target price (up from $114.00) on shares of Akamai Technologies in a research note on Friday, May 8th. Morgan Stanley increased their price target on shares of Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. raised their price target on shares of Akamai Technologies from $72.00 to $100.00 in a report on Friday, May 8th. The Goldman Sachs Group lifted their price objective on shares of Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a research note on Friday, May 8th. Finally, Oppenheimer upped 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. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $145.29.

Institutional Investors Weigh In On Akamai Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Akamai Technologies in the fourth quarter valued at approximately $192,959,000. AQR Capital Management LLC boosted its holdings in shares of Akamai Technologies by 522.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock worth $153,061,000 after buying an additional 1,695,937 shares during the period. Alyeska Investment Group L.P. boosted its holdings in shares of Akamai Technologies by 570.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock worth $123,795,000 after buying an additional 1,390,167 shares during the period. Rubric Capital Management LP acquired a new position in Akamai Technologies in the 4th quarter valued at $104,700,000. Finally, First Trust Advisors LP grew its stake in Akamai Technologies by 16.5% in the 4th quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock valued at $589,112,000 after buying an additional 957,345 shares during the last quarter. 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.