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 Joseph sold 5,000 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $76.65, for a total transaction 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. This represents a 15.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Akamai Technologies Trading Down 0.5%

AKAM stock traded down $0.38 during trading on Monday, hitting $76.46. The company had a trading volume of 1,603,813 shares, compared to its average volume of 2,342,711. The firm has a market capitalization of $10.96 billion, a P/E ratio of 27.11, a PEG ratio of 3.69 and a beta of 0.77. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $106.80. The company has a 50 day simple moving average of $77.20 and a 200-day simple moving average of $78.08. 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 - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.18. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, research analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Institutional Trading of Akamai Technologies

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

Wall Street Analyst Weigh In

A number of research analysts have commented on AKAM shares. The Goldman Sachs Group started coverage on shares of Akamai Technologies in a research report on Wednesday, August 13th. They set a "sell" rating and a $67.00 target price on the stock. Raymond James Financial cut their target price on shares of Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Scotiabank lowered their price target on shares of Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating on the stock in a report on Friday, August 8th. Piper Sandler cut their price objective on shares of Akamai Technologies from $88.00 to $83.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Finally, Morgan Stanley downgraded shares of Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 price objective on the stock. in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Akamai Technologies currently has an average rating of "Hold" and a consensus price target of $92.39.

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.

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