Akamai Technologies (NASDAQ:AKAM) COO Sells $289,836.00 in Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) COO Adam Karon sold 3,320 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $87.30, for a total transaction of $289,836.00. Following the sale, the chief operating officer directly owned 7,785 shares of the company’s stock, valued at approximately $679,630.50. This represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Akamai Technologies Trading Down 2.5%

Shares of Akamai Technologies stock opened at $85.10 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a market capitalization of $12.24 billion, a PE ratio of 24.96, a P/E/G ratio of 3.07 and a beta of 0.68. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $103.75. The company’s fifty day simple moving average is $85.22 and its 200-day simple moving average is $79.87.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm earned $1.59 EPS. Akamai Technologies’s revenue for the quarter 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. As a group, equities analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AKAM shares. HSBC lifted their price target on shares of Akamai Technologies from $130.00 to $134.00 in a report on Monday, November 10th. TD Cowen upped their target price on shares of Akamai Technologies from $98.00 to $104.00 and gave the stock a “hold” rating in a report on Thursday, November 13th. DA Davidson reiterated a “buy” rating and issued a $115.00 price target on shares of Akamai Technologies in a research note on Thursday, October 16th. Bank of America decreased their price target on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, October 20th. Finally, Morgan Stanley dropped their price objective on Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating for the company in a research note on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Akamai Technologies has an average rating of “Hold” and an average target price of $92.72.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Alberta Investment Management Corp purchased a new stake in Akamai Technologies in the 2nd quarter valued at about $822,000. Norges Bank bought a new stake in shares of Akamai Technologies during the second quarter valued at approximately $266,817,000. Intech Investment Management LLC boosted its holdings in shares of Akamai Technologies by 82.6% in the second quarter. Intech Investment Management LLC now owns 64,731 shares of the technology infrastructure company’s stock valued at $5,163,000 after purchasing an additional 29,281 shares during the period. Savant Capital LLC bought a new position in Akamai Technologies in the second quarter worth approximately $309,000. Finally, Vontobel Holding Ltd. grew its stake in Akamai Technologies by 5.9% in the third quarter. Vontobel Holding Ltd. now owns 1,557,394 shares of the technology infrastructure company’s stock worth $117,988,000 after purchasing an additional 86,113 shares in the last quarter. Hedge funds and other institutional investors 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.