3,862 Shares in Akamai Technologies, Inc. $AKAM Purchased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired 3,862 shares of Akamai Technologies for approximately $311,000, as disclosed in a recent SEC filing.
• Akamai's quarterly earnings report showed an EPS of $1.73, exceeding analyst expectations, and the company projected FY 2025 EPS guidance between 6.600-6.800.
• Recent institutional activity includes significant stake increases by firms such as Alyeska Investment Group and Connor Clark & Lunn Investment Management, indicating strong investor interest as 94.28% of shares are held by institutional investors.

MBB Public Markets I LLC bought a new position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,862 shares of the technology infrastructure company's stock, valued at approximately $311,000.

A number of other institutional investors have also added to or reduced their stakes in AKAM. Alyeska Investment Group L.P. increased its stake in Akamai Technologies by 1,001.4% in the 1st 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. Vanguard Group Inc. raised its holdings in shares of Akamai Technologies by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company's stock valued at $1,503,205,000 after buying an additional 425,461 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Akamai Technologies by 234.0% during the 1st quarter. Vontobel Holding Ltd. now owns 595,569 shares of the technology infrastructure company's stock valued at $47,943,000 after buying an additional 417,260 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Akamai Technologies by 5,385.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,734 shares of the technology infrastructure company's stock valued at $28,476,000 after buying an additional 347,286 shares in the last quarter. Finally, GMT Capital Corp purchased a new position in shares of Akamai Technologies during the 1st quarter valued at about $27,636,000. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Price Performance

Shares of AKAM stock opened at $76.75 on Thursday. The firm has a market cap of $11.01 billion, a P/E ratio of 27.22, a P/E/G ratio of 3.79 and a beta of 0.77. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $106.80. The business's 50 day moving average price is $77.25 and its 200-day moving average price is $78.09. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.31 and a current ratio of 2.31.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.18. The firm 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 business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $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. On average, equities research analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insider Transactions at Akamai Technologies

In other news, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $77.74, for a total value of $388,700.00. Following the sale, the executive vice president directly owned 32,349 shares in the company, valued at approximately $2,514,811.26. This trade represents a 13.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Robert Blumofe sold 3,000 shares of Akamai Technologies stock in a transaction that occurred on Friday, August 22nd. The shares were 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 $2,149,070. This represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,000 shares of company stock worth $922,740. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on AKAM. Scotiabank decreased their price objective on Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating on the stock in a report on Friday, August 8th. KeyCorp began coverage on Akamai Technologies in a report on Friday, June 6th. They set an "underweight" rating and a $63.00 price objective on the stock. Wall Street Zen raised Akamai Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Raymond James Financial decreased their price target on Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Finally, Piper Sandler decreased their price target on Akamai Technologies from $88.00 to $83.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $92.39.

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.

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