Insider Selling: Akamai Technologies (NASDAQ:AKAM) EVP Sells 7,022 Shares of Company Stock

Key Points

• Akamai EVP Mani Sundaram sold 7,022 shares at an average price of $125.62, generating $882,103.64. The Rule 10b5-1 transaction reduced Sundaram’s direct holdings by 32.44% to 14,625 shares.
• AKAM shares fell $4.95 to $108.99, giving Akamai a market capitalization of approximately $15.66 billion. The stock remains below its 50-day and 200-day moving averages and well below its 52-week high of $165.45.
• Akamai modestly beat quarterly earnings and revenue expectations, reporting $1.59 in EPS on $1.10 billion in revenue. Analysts’ consensus rating is Hold, with an average price target of $147.62, despite several firms maintaining or raising “Buy” targets.

Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) EVP Mani Sundaram sold 7,022 shares of the company's stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $125.62, for a total transaction of $882,103.64. Following the completion of the sale, the executive vice president directly owned 14,625 shares in the company, valued at approximately $1,837,192.50. The trade was a 32.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Price Performance

AKAM stock traded down $4.95 during trading on Monday, hitting $108.99. The company had a trading volume of 8,045,816 shares, compared to its average volume of 4,655,878. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. The company has a fifty day moving average price of $112.98 and a two-hundred day moving average price of $118.84. Akamai Technologies, Inc. has a fifty-two week low of $70.82 and a fifty-two week high of $165.45. The company has a market cap of $15.66 billion, a P/E ratio of 39.21, a P/E/G ratio of 5.28 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $1.73 EPS. 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. Equities research analysts expect that Akamai Technologies, Inc. will post 3.63 earnings per share for the current fiscal year.

Institutional Trading of Akamai Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Sarver Vrooman Wealth Advisors acquired a new position in shares of Akamai Technologies during the 4th quarter worth approximately $31,000. Root Financial Partners LLC boosted its stake 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 valued at $31,000 after purchasing an additional 110 shares during the period. Silvant Capital Management LLC bought a new position in Akamai Technologies during the 2nd quarter worth $32,000. Cedar Mountain Advisors LLC acquired a new stake in Akamai Technologies in the 1st quarter worth about $47,000. Finally, Persistent Asset Partners Ltd bought a new stake in Akamai Technologies in the 2nd quarter valued at about $54,000. Institutional investors own 94.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AKAM shares. Citigroup cut their price objective on shares of Akamai Technologies from $160.00 to $122.00 and set a "neutral" rating on the stock in a report on Friday, September 4th. Evercore reiterated an "outperform" rating on shares of Akamai Technologies in a research report on Friday. Bank of America lifted their price target on shares of Akamai Technologies from $175.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday. Guggenheim raised their price target on Akamai Technologies from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday. Finally, DA Davidson lowered their price objective on shares of Akamai Technologies from $185.00 to $150.00 and set a "buy" rating for the company in a research report on Monday. 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, the stock has a consensus rating of "Hold" and a consensus target price of $147.62.

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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