Paul Joseph Sells 3,100 Shares of Akamai Technologies (NASDAQ:AKAM) Stock

Key Points

• Executive insider sale: Akamai EVP Paul Joseph sold 3,100 shares at an average price of $105.63, worth $327,453, reducing his direct holdings by 9.82%. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
• Stock performance: Akamai shares closed at $105.40, below both their 50-day moving average of $115.12 and 200-day moving average of $118.17. The stock has traded between $70.82 and $165.45 over the past year.
• Mixed outlook: The company exceeded quarterly earnings and revenue expectations, with revenue up 5.4% year over year, while analysts maintain a consensus “Hold” rating and a $141.62 price target. Institutional investors own 94.28% of the shares.

Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) EVP Paul Joseph sold 3,100 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total value of $327,453.00. Following the transaction, the executive vice president directly owned 28,472 shares in the company, valued at $3,007,497.36. This represents a 9.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Stock Performance

Shares of AKAM stock traded down $0.17 on Tuesday, hitting $105.40. 2,826,252 shares of the stock were exchanged, compared to its average volume of 4,493,370. The firm's 50 day moving average is $115.12 and its two-hundred day moving average is $118.17. Akamai Technologies, Inc. has a one year low of $70.82 and a one year high of $165.45. The firm has a market capitalization of $15.15 billion, a PE ratio of 37.91, a P/E/G ratio of 4.92 and a beta of 0.63. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. Akamai Technologies's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company 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. Sell-side analysts expect that Akamai Technologies, Inc. will post 3.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Akamai Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its holdings 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 worth $11,602,000 after buying an additional 71,147 shares during the last quarter. Tidal Investments LLC raised its position in shares of 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 buying an additional 138,950 shares in the last quarter. Capital Analysts LLC lifted its holdings in shares of Akamai Technologies by 71.0% during the 2nd quarter. Capital Analysts LLC now owns 2,957 shares of the technology infrastructure company's stock worth $350,000 after acquiring an additional 1,228 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Akamai Technologies by 217.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,054 shares of the technology infrastructure company's stock worth $2,134,000 after acquiring an additional 12,363 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Akamai Technologies by 252.8% in the second quarter. IFP Advisors Inc now owns 3,069 shares of the technology infrastructure company's stock worth $363,000 after acquiring an additional 2,199 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group lifted their price target on Akamai Technologies from $125.00 to $143.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Susquehanna dropped their price objective on Akamai Technologies from $175.00 to $140.00 and set a "positive" rating on the stock in a report on Monday, August 10th. Piper Sandler upgraded Akamai Technologies from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $140.00 to $125.00 in a research note on Tuesday, September 1st. Citigroup reduced their target price on Akamai Technologies from $160.00 to $122.00 and set a "neutral" rating for the company in a report on Friday, September 4th. Finally, TD Cowen upped their price target on Akamai Technologies from $135.00 to $140.00 and gave the company a "hold" rating in a research report on Friday, August 7th. Thirteen equities 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $141.62.

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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