Representative Jefferson Shreve (R-Indiana) recently sold shares of Akamai Technologies, Inc. NASDAQ: AKAM. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Akamai Technologies stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
- Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
- Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
- Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
- Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.
Akamai Technologies Stock Performance
Shares of AKAM traded up $0.04 during mid-day trading on Friday, hitting $80.75. 2,285,053 shares of the company's stock were exchanged, compared to its average volume of 1,273,619. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $106.80. The firm has a market capitalization of $11.81 billion, a P/E ratio of 27.19, a P/E/G ratio of 2.55 and a beta of 0.77. The business's 50 day moving average is $78.31 and its two-hundred day moving average is $82.59. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.52.
Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology infrastructure company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.58 by $0.12. Akamai Technologies had a return on equity of 14.09% and a net margin of 11.26%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business earned $1.64 EPS. The firm's revenue was up 2.9% compared to the same quarter last year. On average, equities analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.
Institutional Trading of Akamai Technologies
Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Akamai Technologies during the 4th quarter worth approximately $477,454,000. Alyeska Investment Group L.P. raised its holdings in shares of Akamai Technologies by 1,001.4% in the first quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company's stock worth $141,149,000 after acquiring an additional 1,594,206 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Akamai Technologies by 1,663.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,027,175 shares of the technology infrastructure company's stock worth $81,927,000 after acquiring an additional 968,919 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Akamai Technologies by 147.0% in the second quarter. Vontobel Holding Ltd. now owns 1,471,281 shares of the technology infrastructure company's stock valued at $117,349,000 after acquiring an additional 875,712 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Akamai Technologies by 15.6% during the fourth quarter. First Trust Advisors LP now owns 5,116,398 shares of the technology infrastructure company's stock valued at $489,383,000 after acquiring an additional 690,341 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.
Analyst Ratings Changes
AKAM has been the topic of a number of analyst reports. Scotiabank lowered their price objective on shares of Akamai Technologies from $107.00 to $105.00 and set a "sector outperform" rating on the stock in a research report on Friday, May 9th. Wall Street Zen downgraded shares of Akamai Technologies from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Morgan Stanley cut their price target on shares of Akamai Technologies from $102.00 to $90.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Piper Sandler reaffirmed a "neutral" rating and issued a $88.00 price objective (up previously from $80.00) on shares of Akamai Technologies in a report on Friday, May 9th. Finally, KeyCorp assumed coverage on Akamai Technologies in a research note on Friday, June 6th. They set an "underweight" rating and a $63.00 target price for the company. Two analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Akamai Technologies presently has a consensus rating of "Hold" and a consensus price target of $101.25.
Read Our Latest Report on AKAM
Insider Buying and Selling
In other Akamai Technologies news, COO Adam Karon sold 3,927 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $85.02, for a total value of $333,873.54. Following the transaction, the chief operating officer directly owned 10,809 shares in the company, valued at approximately $918,981.18. This represents a 26.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $77.74, for a total transaction of $388,700.00. Following the sale, the executive vice president owned 32,349 shares of the company's stock, valued at approximately $2,514,811.26. This trade represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,084 shares of company stock worth $1,726,847. 2.00% of the stock is owned by corporate insiders.
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
Akamai Technologies Company Profile
(
Get Free Report)
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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