Corient Private Wealth LP Takes $2.70 Million Position in Akamai Technologies, Inc. $AKAM

Key Points

• Corient Private Wealth acquired 22,830 shares of Akamai Technologies worth approximately $2.70 million during the second quarter. Institutional investors collectively own 94.28% of the company.
• Akamai reported quarterly EPS of $1.59, topping estimates by $0.02, while revenue rose 5.4% year over year to $1.10 billion. The company issued third-quarter 2026 EPS guidance of $1.60–$1.80.
• Analyst sentiment remains mixed, with 13 Buy, nine Hold and two Sell ratings; the stock has an average “Hold” rating and a consensus price target of $143.43, compared with a recent price of $106.46.

Corient Private Wealth LP acquired a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,830 shares of the technology infrastructure company's stock, valued at approximately $2,699,000.

A number of other large investors have also recently bought and sold shares of AKAM. Silvant Capital Management LLC acquired a new stake in shares of Akamai Technologies during the 2nd quarter worth approximately $32,000. Sarver Vrooman Wealth Advisors acquired a new position in Akamai Technologies during the 4th quarter valued at approximately $31,000. Root Financial Partners LLC boosted its position in Akamai Technologies by 45.8% during the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company's stock valued at $31,000 after purchasing an additional 110 shares during the period. CYBER HORNET ETFs LLC bought a new position in Akamai Technologies during the 2nd quarter worth $32,000. Finally, Cedar Mountain Advisors LLC bought a new position in Akamai Technologies during the 1st quarter worth $47,000. Institutional investors own 94.28% of the company's stock.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 243 shares of the business's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total transaction of $31,446.63. Following the sale, the chief technology officer owned 31,006 shares of the company's stock, valued at $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the transaction, the executive vice president directly owned 59,210 shares of the company's stock, valued at approximately $8,027,099.70. The trade was a 3.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.30% of the company's stock.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $106.46 on Wednesday. The stock has a market cap of $15.30 billion, a P/E ratio of 38.30, a P/E/G ratio of 5.00 and a beta of 0.64. The firm's 50-day simple moving average is $116.55 and its 200 day simple moving average is $118.10. Akamai Technologies, Inc. has a fifty-two week low of $70.82 and a fifty-two week high of $165.45. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. During the same quarter in the prior year, the firm posted $1.73 EPS. Akamai Technologies's revenue was up 5.4% compared to the same quarter last year. 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. Equities analysts expect that Akamai Technologies, Inc. will post 3.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Akamai Technologies from $120.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, May 14th. TD Cowen lifted their price objective on shares of Akamai Technologies from $135.00 to $140.00 and gave the company a "hold" rating in a research report on Friday, August 7th. Royal Bank Of Canada reduced their target price on shares of Akamai Technologies from $150.00 to $135.00 and set a "sector perform" rating for the company in a research note on Friday, August 7th. The Goldman Sachs Group raised their price target on shares of Akamai Technologies from $76.00 to $87.00 and gave the company a "sell" rating in a research note on Friday, May 8th. Finally, Citigroup lifted their price target on Akamai Technologies from $110.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, May 15th. Thirteen 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's stock. Based on data from MarketBeat, Akamai Technologies currently has an average rating of "Hold" and an average target price of $143.43.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company's core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.

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