Akamai Technologies, Inc. $AKAM Position Reduced by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Akamai Technologies position by 96.1% in the third quarter, selling 86,894 shares and retaining 3,501 shares valued at approximately $372,000. Institutional investors collectively own 94.28% of the company.
• Akamai shares opened at $87.81, down 4.9%, and remain well below their 52-week high of $165.45. The company recently exceeded quarterly earnings and revenue estimates, reporting $1.59 in EPS and $1.10 billion in revenue.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and a $150.10 average price target, with recent targets ranging from $140 to $185.

Curated Wealth Partners LLC decreased its position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 96.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,501 shares of the technology infrastructure company's stock after selling 86,894 shares during the quarter. Curated Wealth Partners LLC's holdings in Akamai Technologies were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Akamai Technologies by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company's stock valued at $397,881,000 after purchasing an additional 349,451 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in Akamai Technologies during the second quarter valued at approximately $222,046,000. William Blair Investment Management LLC bought a new position in Akamai Technologies in the second quarter worth approximately $181,508,000. Legal & General Group Plc bought a new position in Akamai Technologies in the second quarter worth approximately $159,564,000. Finally, Rubric Capital Management LP raised its position in Akamai Technologies by 8.3% in the first quarter. Rubric Capital Management LP now owns 1,300,000 shares of the technology infrastructure company's stock worth $149,305,000 after acquiring an additional 100,000 shares during the period. Institutional investors own 94.28% of the company's stock.

Insider Activity at Akamai Technologies

In related news, EVP Kim Salem-Jackson sold 2,013 shares of the business's stock in a transaction on Friday, September 25th. The shares were sold at an average price of $128.00, for a total value of $257,664.00. Following the sale, the executive vice president owned 57,197 shares in the company, valued at approximately $7,321,216. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mani Sundaram sold 7,022 shares of the company's stock in a transaction on Friday, September 25th. The shares were sold at an average price of $125.62, for a total transaction of $882,103.64. Following the sale, the executive vice president directly owned 14,625 shares in the company, valued at approximately $1,837,192.50. The trade was a 32.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 12,135 shares of company stock valued at $1,467,221. 2.30% of the stock is owned by corporate insiders.

Akamai Technologies Trading Down 4.9%

AKAM stock opened at $87.81 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 4.13 and a beta of 0.62. Akamai Technologies, Inc. has a 1-year low of $70.82 and a 1-year high of $165.45. The business has a 50 day simple moving average of $108.64 and a two-hundred day simple moving average of $118.00.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%. The firm's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.73 earnings per share. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. Research analysts anticipate that Akamai Technologies, Inc. will post 3.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of Akamai Technologies from $175.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, September 25th. Susquehanna reduced their price objective on Akamai Technologies from $175.00 to $140.00 and set a "positive" rating for the company in a research note on Monday, August 10th. TD Cowen raised their target price on Akamai Technologies from $140.00 to $149.00 and gave the stock a "hold" rating in a report on Friday, September 25th. Zacks Research raised Akamai Technologies from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Finally, DA Davidson lowered their target price on Akamai Technologies from $185.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, September 28th. Thirteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $150.10.

About Akamai Technologies

Akamai Technologies, Inc NASDAQ: AKAM provides cloud computing, cybersecurity and content delivery services for businesses and public-sector organizations. Its distributed edge platform helps customers deliver websites, applications, media and other digital experiences while improving performance, availability and scalability.

The company's services include web and application performance optimization, content delivery, cloud infrastructure, application and API security, distributed denial-of-service protection, zero-trust security and bot management.

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