Ransom Advisory Ltd Purchases Shares of 6,300 Akamai Technologies, Inc. $AKAM

Key Points

• Ransom Advisory Ltd recently invested approximately $507,000 in Akamai Technologies, purchasing 6,300 shares during the first quarter.
• Akamai Technologies reported a 6.5% year-over-year revenue increase of $1.04 billion and surpassed earnings estimates with $1.73 per share, exceeding the consensus of $1.55.
• Institutional investors own 94.28% of Akamai's stock, highlighting a strong interest from serious financial stakeholders.

Ransom Advisory Ltd purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,300 shares of the technology infrastructure company's stock, valued at approximately $507,000.

Other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in shares of Akamai Technologies during the first quarter worth $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Akamai Technologies by 54.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company's stock worth $35,000 after acquiring an additional 155 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of Akamai Technologies in the 1st quarter worth about $42,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Akamai Technologies in the 1st quarter valued at about $49,000. Finally, Quarry LP increased its stake in Akamai Technologies by 623.3% in the 1st quarter. Quarry LP now owns 622 shares of the technology infrastructure company's stock valued at $50,000 after buying an additional 536 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AKAM shares. KeyCorp assumed coverage on shares of Akamai Technologies in a report on Friday, June 6th. They issued an "underweight" rating and a $63.00 price objective for the company. Wall Street Zen raised shares of Akamai Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Piper Sandler dropped their price objective on shares of Akamai Technologies from $88.00 to $83.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. The Goldman Sachs Group assumed coverage on shares of Akamai Technologies in a report on Wednesday, August 13th. They set a "sell" rating and a $67.00 price objective for the company. Finally, Morgan Stanley lowered shares of Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 target price for the company. in a research report on Tuesday, August 5th. 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 four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $92.39.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock traded down $0.72 on Monday, hitting $76.13. The company's stock had a trading volume of 597,152 shares, compared to its average volume of 2,336,632. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-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 firm has a fifty day moving average price of $77.20 and a 200-day moving average price of $78.08. The company has a market capitalization of $10.92 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 3.69 and a beta of 0.77.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.18. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company 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, equities research analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Robert Blumofe sold 3,000 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $77.00, for a total transaction of $231,000.00. Following the transaction, the chief technology officer directly owned 27,910 shares in the company, valued at $2,149,070. This trade represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $77.74, for a total value of $388,700.00. Following the completion of the sale, the executive vice president owned 32,349 shares in the company, valued at $2,514,811.26. The trade was a 13.39% 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 ninety days. 2.00% of the stock is owned by insiders.

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.