Quantbot Technologies LP Purchases Shares of 10,327 Akamai Technologies, Inc. $AKAM

Key Points

• Quantbot Technologies LP has acquired a new position in Akamai Technologies, purchasing 10,327 shares valued at approximately $831,000.
• Executive Vice President Aaron Ahola and EVP Kim Salem-Jackson both sold significant portions of their shares, indicating a 15.87% and 23.19% decrease in their holdings, respectively.
• Akamai Technologies reported $1.73 EPS for the last quarter, exceeding analysts' estimates, and set FY 2025 EPS guidance at 6.600-6.800.

Quantbot Technologies LP purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,327 shares of the technology infrastructure company's stock, valued at approximately $831,000.

A number of other institutional investors also recently modified their holdings of AKAM. Brighton Jones LLC raised its position in shares of Akamai Technologies by 101.4% in the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company's stock valued at $384,000 after purchasing an additional 2,022 shares during the period. MML Investors Services LLC raised its position in shares of Akamai Technologies by 6.7% in the fourth quarter. MML Investors Services LLC now owns 22,841 shares of the technology infrastructure company's stock valued at $2,185,000 after purchasing an additional 1,435 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Akamai Technologies by 4.0% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 31,098 shares of the technology infrastructure company's stock valued at $2,973,000 after purchasing an additional 1,203 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Akamai Technologies in the fourth quarter valued at approximately $516,000. Finally, Coldstream Capital Management Inc. bought a new position in shares of Akamai Technologies in the fourth quarter valued at approximately $209,000. Institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AKAM. 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. Wall Street Zen raised shares of Akamai Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Morgan Stanley lowered shares of Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 target price on the stock. in a research report on Tuesday, August 5th. UBS Group boosted their target price on shares of Akamai Technologies from $85.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Finally, Scotiabank dropped their target price 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $92.39.

Insiders Place Their Bets

In other Akamai Technologies news, EVP Aaron Ahola sold 4,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total value of $303,040.00. Following the transaction, the executive vice president directly owned 21,211 shares in the company, valued at $1,606,945.36. The trade was a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Robert Blumofe sold 3,000 shares of the business's stock in a transaction dated 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 transaction, the chief technology officer owned 27,910 shares in the company, valued at approximately $2,149,070. This trade represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock worth $922,740 over the last 90 days. Corporate insiders own 2.00% of the company's stock.

Akamai Technologies Stock Performance

AKAM traded up $0.74 during trading on Friday, reaching $79.13. 1,176,468 shares of the company's stock were exchanged, compared to its average volume of 2,326,352. 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 quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92. The business has a 50 day moving average price of $77.52 and a 200 day moving average price of $78.98. The company has a market capitalization of $11.35 billion, a P/E ratio of 28.06, a PEG ratio of 3.86 and a beta of 0.76.

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. As a group, analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Akamai Technologies 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.