Akamai Technologies, Inc. $AKAM Shares Bought by JB Capital LLC

JB Capital LLC raised its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 23.2% during the third quarter, HoldingsChannel.com reports. The firm owned 73,487 shares of the technology infrastructure company’s stock after buying an additional 13,832 shares during the period. JB Capital LLC’s holdings in Akamai Technologies were worth $5,567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Akamai Technologies by 50.8% in the 2nd quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after purchasing an additional 133 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Akamai Technologies in the second quarter worth about $32,000. MUFG Securities EMEA plc purchased a new stake in shares of Akamai Technologies during the second quarter worth about $35,000. Assetmark Inc. increased its holdings in shares of Akamai Technologies by 198.1% during the second quarter. Assetmark Inc. now owns 474 shares of the technology infrastructure company’s stock valued at $38,000 after acquiring an additional 315 shares in the last quarter. Finally, LRI Investments LLC raised its position in shares of Akamai Technologies by 766.1% in the 2nd quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock valued at $39,000 after purchasing an additional 429 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AKAM shares. TD Cowen upped their price target on shares of Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a research note on Thursday, November 13th. The Goldman Sachs Group upped their target price on Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a research report on Friday, November 7th. Citigroup raised their target price on Akamai Technologies from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a research note on Monday. Finally, President Capital raised their price objective on Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, Akamai Technologies currently has an average rating of “Hold” and an average target price of $92.72.

Insider Buying and Selling

In other news, CFO Edward J. Mcgowan sold 6,560 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $88.03, for a total transaction of $577,476.80. Following the sale, the chief financial officer directly owned 16,442 shares of the company’s stock, valued at $1,447,389.26. This represents a 28.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Robert Blumofe sold 3,500 shares of Akamai Technologies stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $86.00, for a total value of $301,000.00. Following the completion of the transaction, the chief technology officer owned 24,410 shares of the company’s stock, valued at approximately $2,099,260. This represents a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 20,498 shares of company stock valued at $1,810,068. Corporate insiders own 2.00% of the company’s stock.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $87.97 on Wednesday. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $103.75. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The stock has a market cap of $12.66 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 3.25 and a beta of 0.68. The business has a 50-day simple moving average of $84.51 and a 200-day simple moving average of $79.71.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.22. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned $1.59 earnings per share. Akamai Technologies’s quarterly revenue was up 5.0% on a year-over-year basis. 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, equities analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

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.