Cwm LLC Acquires 9,881 Shares of Akamai Technologies, Inc. $AKAM

Key Points

• Cwm LLC increased its stake in Akamai Technologies by 18% in the second quarter, acquiring 9,881 shares to bring its total to 64,869 shares valued at $5.17 million.
• Corporate insiders have sold a total of 12,000 shares of Akamai stock worth approximately $917,290 over the past 90 days.
• Akamai's stock recently opened at $73.67, with a 52-week low of $67.51 and a high of $106.80, reflecting market volatility.

Cwm LLC boosted its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 18.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,869 shares of the technology infrastructure company's stock after acquiring an additional 9,881 shares during the quarter. Cwm LLC's holdings in Akamai Technologies were worth $5,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC raised its position in Akamai Technologies by 12.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,762 shares of the technology infrastructure company's stock valued at $1,656,000 after acquiring an additional 2,307 shares in the last quarter. Apollon Wealth Management LLC raised its position in Akamai Technologies by 9.0% during the second quarter. Apollon Wealth Management LLC now owns 2,751 shares of the technology infrastructure company's stock valued at $219,000 after acquiring an additional 226 shares in the last quarter. Aberdeen Group plc raised its position in Akamai Technologies by 4.3% during the second quarter. Aberdeen Group plc now owns 151,400 shares of the technology infrastructure company's stock valued at $12,076,000 after acquiring an additional 6,223 shares in the last quarter. Lmcg Investments LLC raised its position in shares of Akamai Technologies by 6.2% in the second quarter. Lmcg Investments LLC now owns 95,071 shares of the technology infrastructure company's stock valued at $7,583,000 after purchasing an additional 5,536 shares during the period. Finally, JB Capital LLC raised its position in shares of Akamai Technologies by 17.3% in the second quarter. JB Capital LLC now owns 59,655 shares of the technology infrastructure company's stock valued at $4,758,000 after purchasing an additional 8,810 shares during the period. Institutional investors own 94.28% of the company's stock.

Insiders Place Their Bets

In other Akamai Technologies news, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction on Monday, September 15th. The shares were sold at an average price of $76.65, for a total transaction of $383,250.00. Following the sale, the executive vice president owned 27,349 shares in the company, valued at $2,096,300.85. The trade was a 15.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Robert Blumofe sold 3,000 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $77.00, for a total transaction of $231,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock worth $917,290 over the last 90 days. Corporate insiders own 2.00% of the company's stock.

Akamai Technologies Stock Down 0.6%

AKAM opened at $73.67 on Thursday. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $106.80. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. The firm's fifty day moving average price is $76.19 and its two-hundred day moving average price is $77.20. The company has a market capitalization of $10.56 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.54 and a beta of 0.75.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings results 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. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company earned $1.58 earnings per share. The business's revenue was up 6.5% compared to the same quarter last year. 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, analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Wall Street Analysts Forecast Growth

AKAM has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Akamai Technologies in a research report on Wednesday, August 13th. They issued a "sell" rating and a $67.00 price target on the stock. Wall Street Zen raised shares of Akamai Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Scotiabank dropped 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 research report on Friday, August 8th. Weiss Ratings lowered shares of Akamai Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 8th. Finally, Raymond James Financial dropped their price target 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Akamai Technologies has an average rating of "Hold" and an average target price 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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