Akamai Technologies, Inc. $AKAM Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. lowered its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 5.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,872 shares of the technology infrastructure company’s stock after selling 239 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Akamai Technologies were worth $309,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mather Group LLC. grew its holdings in shares of Akamai Technologies by 97.4% in the first quarter. Mather Group LLC. now owns 1,224 shares of the technology infrastructure company’s stock valued at $99,000 after purchasing an additional 604 shares during the period. Amalgamated Bank boosted its holdings in Akamai Technologies by 0.5% in the 1st quarter. Amalgamated Bank now owns 29,080 shares of the technology infrastructure company’s stock valued at $2,341,000 after purchasing an additional 139 shares during the last quarter. Polianta Ltd purchased a new stake in shares of Akamai Technologies in the 2nd quarter valued at approximately $1,236,000. MBB Public Markets I LLC acquired a new stake in shares of Akamai Technologies during the 1st quarter worth approximately $311,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Akamai Technologies by 2.9% during the 1st quarter. QRG Capital Management Inc. now owns 7,302 shares of the technology infrastructure company’s stock worth $588,000 after buying an additional 208 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Akamai Technologies

In related news, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction on Monday, September 15th. The stock was sold at an average price of $76.65, for a total value of $383,250.00. Following the completion of the transaction, the executive vice president directly owned 27,349 shares in the company, valued at approximately $2,096,300.85. This trade represents a 15.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total value of $303,040.00. Following the transaction, the executive vice president directly owned 21,211 shares of the company’s stock, valued at $1,606,945.36. The trade was a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,000 shares of company stock valued at $1,305,990 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AKAM has been the subject of several analyst reports. Piper Sandler lowered their price objective on Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating for the company in a research report on Friday, August 8th. Wall Street Zen upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. The Goldman Sachs Group began coverage on shares of Akamai Technologies in a report on Wednesday, August 13th. They issued a “sell” rating and a $67.00 price objective on the stock. KeyCorp started coverage on shares of Akamai Technologies in a research note on Friday, June 6th. They set an “underweight” rating and a $63.00 target price for the company. Finally, Scotiabank dropped their price target on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $92.39.

Akamai Technologies Stock Performance

Shares of Akamai Technologies stock opened at $75.38 on Friday. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 3.66 and a beta of 0.77. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. The business has a 50-day moving average of $76.79 and a 200 day moving average of $77.73. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.18. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 earnings per share. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. As a group, sell-side analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.