Akamai Technologies (NASDAQ:AKAM) EVP Sells 2,013 Shares of Company Stock

Key Points

• Executive stock sale: Akamai EVP Kim Salem-Jackson sold 2,013 shares for approximately $257,664 under a pre-arranged Rule 10b5-1 trading plan, reducing her position by 3.4% to 57,197 shares.
• Shares declined: Akamai stock fell 4.3% to $108.99, with trading volume substantially above its average. The company has a $15.66 billion market capitalization and trades below its 50-day and 200-day moving averages.
• Mixed analyst outlook: Akamai exceeded quarterly EPS and revenue estimates, while revenue rose 5.4% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $147.62, despite several recent target-price reductions.

Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) EVP Kim Salem-Jackson sold 2,013 shares of Akamai Technologies stock in a transaction on Friday, September 25th. The stock was sold at an average price of $128.00, for a total value of $257,664.00. Following the transaction, the executive vice president owned 57,197 shares in the company, valued at approximately $7,321,216. This represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Trading Down 4.3%

Shares of NASDAQ AKAM traded down $4.95 during mid-day trading on Monday, reaching $108.99. 8,045,816 shares of the company's stock were exchanged, compared to its average volume of 4,655,878. The company's 50-day moving average is $112.98 and its 200-day moving average is $118.84. The firm has a market capitalization of $15.66 billion, a price-to-earnings ratio of 39.21, a PEG ratio of 5.28 and a beta of 0.63. Akamai Technologies, Inc. has a 52-week low of $70.82 and a 52-week 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.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company earned $1.73 earnings per share. The firm's quarterly revenue 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. Analysts expect that Akamai Technologies, Inc. will post 3.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank Of Canada restated a "sector perform" rating and issued a $135.00 price objective on shares of Akamai Technologies in a research note on Friday. Susquehanna dropped their target price on shares of Akamai Technologies from $175.00 to $140.00 and set a "positive" rating for the company in a report on Monday, August 10th. TD Cowen lifted their target price on shares of Akamai Technologies from $140.00 to $149.00 and gave the stock a "hold" rating in a research report on Friday. Evercore reissued an "outperform" rating on shares of Akamai Technologies in a research note on Friday. Finally, HSBC lowered Akamai Technologies from a "buy" rating to a "hold" rating and dropped their target price for the company from $171.00 to $123.00 in a research note on Monday, August 10th. Thirteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Akamai Technologies has a consensus rating of "Hold" and a consensus price target of $147.62.

Institutional Investors Weigh In On Akamai Technologies

Several hedge funds have recently modified their holdings of AKAM. QRG Capital Management Inc. raised its stake in shares of Akamai Technologies by 1,716.7% during the second quarter. QRG Capital Management Inc. now owns 32,610 shares of the technology infrastructure company's stock valued at $3,855,000 after purchasing an additional 30,815 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Akamai Technologies by 114.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,073 shares of the technology infrastructure company's stock valued at $718,000 after purchasing an additional 3,244 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Akamai Technologies by 263.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 98,149 shares of the technology infrastructure company's stock valued at $11,602,000 after purchasing an additional 71,147 shares in the last quarter. Tidal Investments LLC boosted its stake in Akamai Technologies by 328.9% during the 2nd quarter. Tidal Investments LLC now owns 181,197 shares of the technology infrastructure company's stock valued at $21,419,000 after acquiring an additional 138,950 shares during the last quarter. Finally, Capital Analysts LLC lifted its position in shares of Akamai Technologies by 71.0% during the second quarter. Capital Analysts LLC now owns 2,957 shares of the technology infrastructure company's stock worth $350,000 after purchasing an additional 1,228 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company's offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.

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