Marathon Trading Investment Management LLC Takes Position in Akamai Technologies, Inc. $AKAM

Key Points

• Marathon Trading Investment Management LLC acquired a $322,000 stake in Akamai Technologies, purchasing 4,000 shares during the 1st quarter, reflecting significant institutional investment interest.
• Following favorable earnings results, which included a beat on EPS estimates, brokerages have mixed ratings for Akamai, with target prices ranging from $83 to $90.
• Insider selling occurred as EVP Kim Salem-Jackson and another executive sold significant shares, indicating potential concern among company insiders.

Marathon Trading Investment Management LLC acquired a new position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,000 shares of the technology infrastructure company's stock, valued at approximately $322,000.

Other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP lifted its position in shares of Akamai Technologies by 15.6% in the 4th quarter. First Trust Advisors LP now owns 5,116,398 shares of the technology infrastructure company's stock worth $489,383,000 after purchasing an additional 690,341 shares during the period. Vanguard Group Inc. increased its position in shares of Akamai Technologies by 2.3% during the first quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company's stock worth $1,503,205,000 after buying an additional 425,461 shares during the period. Vontobel Holding Ltd. raised its stake in Akamai Technologies by 234.0% during the first quarter. Vontobel Holding Ltd. now owns 595,569 shares of the technology infrastructure company's stock worth $47,943,000 after buying an additional 417,260 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Akamai Technologies by 5,385.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,734 shares of the technology infrastructure company's stock worth $28,476,000 after buying an additional 347,286 shares during the last quarter. Finally, Achmea Investment Management B.V. acquired a new position in Akamai Technologies in the first quarter valued at $21,626,000. 94.28% of the stock is currently owned by institutional investors.

Insider Activity

In other Akamai Technologies news, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $77.74, for a total transaction of $388,700.00. Following the transaction, the executive vice president directly owned 32,349 shares of the company's stock, valued at $2,514,811.26. The trade was a 13.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kim Salem-Jackson sold 13,157 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $76.33, for a total transaction of $1,004,273.81. Following the completion of the sale, the executive vice president owned 43,575 shares of the company's stock, valued at approximately $3,326,079.75. The trade was a 23.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,157 shares of company stock worth $1,696,014 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Akamai Technologies Stock Down 0.6%

Shares of NASDAQ AKAM traded down $0.43 during mid-day trading on Wednesday, reaching $76.06. 1,355,162 shares of the company's stock traded hands, compared to its average volume of 2,299,321. 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 business has a 50-day simple moving average of $77.66 and a 200 day simple moving average of $80.23. The stock has a market cap of $10.91 billion, a P/E ratio of 26.97, a PEG ratio of 2.84 and a beta of 0.76. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $106.80.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its 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. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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, analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AKAM. UBS Group increased their price target on Akamai Technologies from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Raymond James Financial decreased their target price on Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Morgan Stanley downgraded Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 target price for the company. in a report on Tuesday, August 5th. KeyCorp assumed coverage on Akamai Technologies in a report on Friday, June 6th. They set an "underweight" rating and a $63.00 price target on the stock. Finally, Scotiabank reduced their price objective on shares of Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating for the company in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Akamai Technologies has a consensus rating of "Hold" and an average target price of $94.89.

About Akamai Technologies

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.