Akamai Technologies (NASDAQ:AKAM) EVP Sells $383,250.00 in Stock

Key Points

• Executive Vice President Paul Joseph of Akamai Technologies sold 5,000 shares for a total of $383,250, decreasing his ownership by 15.46% to 27,349 shares valued at approximately $2.1 million after the transaction.
• The company reported an earnings per share (EPS) of $1.73 for the last quarter, surpassing analysts' expectations of $1.55, with revenue reaching $1.04 billion.
• Akamai Technologies' stock has received a mix of ratings from analysts, with an average rating of "Hold" and a consensus price target of $92.39, amidst varied assessments from firms like Goldman Sachs and Raymond James.

Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) EVP Paul C. Joseph sold 5,000 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 27,349 shares in the company, valued at $2,096,300.85. The trade was a 15.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Akamai Technologies Stock Down 1.1%

Shares of NASDAQ AKAM traded down $0.81 during mid-day trading on Friday, reaching $76.28. 7,140,411 shares of the company's stock were exchanged, compared to its average volume of 1,598,527. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 3.71 and a beta of 0.77. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $76.90 and a 200 day simple moving average of $77.96. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $106.80.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.18. The company 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%.Akamai Technologies's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $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, equities analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AKAM. Brighton Jones LLC boosted its stake in shares of Akamai Technologies by 101.4% during the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company's stock worth $384,000 after acquiring an additional 2,022 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in shares of Akamai Technologies by 20.5% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 6,306 shares of the technology infrastructure company's stock worth $603,000 after acquiring an additional 1,072 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Akamai Technologies by 7.3% during the 4th quarter. Nuveen Asset Management LLC now owns 402,750 shares of the technology infrastructure company's stock worth $38,523,000 after acquiring an additional 27,551 shares during the period. Mufg Securities Americas Inc. bought a new position in shares of Akamai Technologies during the 4th quarter worth approximately $212,000. Finally, ProShare Advisors LLC boosted its stake in shares of Akamai Technologies by 5.3% during the 4th quarter. ProShare Advisors LLC now owns 40,475 shares of the technology infrastructure company's stock worth $3,871,000 after acquiring an additional 2,029 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AKAM shares. Morgan Stanley lowered Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 price target on the stock. in a research report on Tuesday, August 5th. The Goldman Sachs Group started coverage on Akamai Technologies in a research report on Wednesday, August 13th. They issued a "sell" rating and a $67.00 target price on the stock. Piper Sandler dropped their target price on Akamai Technologies from $88.00 to $83.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Zacks Research raised Akamai Technologies to a "hold" rating in a research report on Monday, August 11th. Finally, Raymond James Financial dropped their target price on Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $92.39.

About Akamai Technologies

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.