Manatuck Hill Partners LLC Makes New $1.18 Million Investment in Akamai Technologies, Inc. $AKAM

Key Points

• Manatuck Hill Partners bought 10,000 shares of Akamai Technologies in the second quarter, worth approximately $1.18 million. Institutional investors collectively own 94.28% of the company.
• Akamai exceeded quarterly expectations, reporting $1.59 in EPS versus the $1.57 consensus and $1.10 billion in revenue, up 5.4% year over year. The company issued third-quarter and full-year 2026 earnings guidance.
• Analyst sentiment is mixed: 12 analysts rate the stock Buy, 10 Hold, and two Sell, producing a consensus Hold rating and a $144.14 target price, compared with a recent share price of $105.74.

Manatuck Hill Partners LLC purchased a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the technology infrastructure company's stock, valued at approximately $1,182,000.

A number of other hedge funds also recently bought and sold shares of AKAM. Sarver Vrooman Wealth Advisors purchased a new position in Akamai Technologies in the fourth quarter worth about $31,000. Root Financial Partners LLC raised its holdings in Akamai Technologies by 45.8% in the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company's stock worth $31,000 after acquiring an additional 110 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in Akamai Technologies during the 2nd quarter valued at $32,000. CYBER HORNET ETFs LLC bought a new stake in shares of Akamai Technologies in the 2nd quarter worth $32,000. Finally, Align Financial LLC purchased a new position in shares of Akamai Technologies in the fourth quarter worth $34,000. Institutional investors own 94.28% of the company's stock.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock opened at $105.74 on Wednesday. The stock's fifty day moving average is $118.07 and its 200 day moving average is $117.60. Akamai Technologies, Inc. has a one year low of $70.82 and a one year high of $165.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market cap of $15.20 billion, a P/E ratio of 38.04, a P/E/G ratio of 4.85 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $1.73 earnings per share. The business's revenue for the quarter 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. Sell-side analysts anticipate that Akamai Technologies, Inc. will post 3.67 earnings per share for the current year.

Insider Activity at Akamai Technologies

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

Analysts Set New Price Targets

Several equities research analysts recently commented on AKAM shares. Guggenheim lifted their price objective on Akamai Technologies from $181.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Scotiabank boosted their target price on shares of Akamai Technologies from $120.00 to $180.00 and gave the company a "sector outperform" rating in a research note on Friday, May 8th. TD Cowen increased their price target on Akamai Technologies from $135.00 to $140.00 and gave the company a "hold" rating in a report on Friday, August 7th. Susquehanna dropped their price target on Akamai Technologies from $175.00 to $140.00 and set a "positive" rating on the stock in a research note on Monday, August 10th. Finally, HSBC lowered Akamai Technologies from a "buy" rating to a "hold" rating and cut their price objective for the stock from $171.00 to $123.00 in a report on Monday, August 10th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $144.14.

About Akamai Technologies

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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