Akamai Technologies, Inc. $AKAM Shares Sold by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC cut its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 41.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,666 shares of the technology infrastructure company’s stock after selling 8,388 shares during the period. Tritonpoint Wealth LLC’s holdings in Akamai Technologies were worth $930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Beverly Hills Private Wealth LLC boosted its stake in shares of Akamai Technologies by 4.7% in the first quarter. Beverly Hills Private Wealth LLC now owns 2,828 shares of the technology infrastructure company’s stock worth $228,000 after acquiring an additional 126 shares during the last quarter. Opes Wealth Management LLC increased its stake in shares of Akamai Technologies by 2.7% in the 1st quarter. Opes Wealth Management LLC now owns 4,872 shares of the technology infrastructure company’s stock worth $392,000 after acquiring an additional 128 shares during the last quarter. UMB Bank n.a. increased its stake 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 acquiring an additional 133 shares during the last quarter. Amalgamated Bank increased its stake in shares of Akamai Technologies by 0.5% in the 1st quarter. Amalgamated Bank now owns 29,080 shares of the technology infrastructure company’s stock worth $2,341,000 after acquiring an additional 139 shares during the last quarter. Finally, Horizon Investments LLC increased its stake in shares of Akamai Technologies by 7.2% in the 1st quarter. Horizon Investments LLC now owns 2,220 shares of the technology infrastructure company’s stock worth $179,000 after acquiring an additional 149 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies Stock Performance

Shares of Akamai Technologies stock opened at $76.05 on Monday. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $106.80. The business’s fifty day simple moving average is $76.74 and its 200-day simple moving average is $77.67. The firm has a market cap of $10.90 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 3.66 and a beta of 0.77. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on AKAM shares. The Goldman Sachs Group started coverage on Akamai Technologies in a research note on Wednesday, August 13th. They issued a “sell” rating and a $67.00 target price for the company. Morgan Stanley downgraded Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 target price for the company. in a research note on Tuesday, August 5th. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Raymond James Financial cut their target price on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Finally, Scotiabank decreased their price target on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating on the stock in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $92.39.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 3,000 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $77.00, for a total value of $231,000.00. Following the sale, the chief technology officer owned 27,910 shares in the company, valued at approximately $2,149,070. The trade was a 9.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $76.65, for a total value of $383,250.00. Following the completion of the sale, the executive vice president owned 27,349 shares in the company, valued at $2,096,300.85. This represents a 15.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,000 shares of company stock worth $1,305,990. 2.00% of the stock is currently owned by company insiders.

Akamai Technologies 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.