Mani Sundaram Sells 10,438 Shares of Akamai Technologies (NASDAQ:AKAM) Stock

Key Points

• EVP Mani Sundaram sold 10,438 Akamai shares on Dec. 1 at an average of $89.25 for about $931,591, leaving him with 13,550 shares—a ~43.51% reduction in his ownership.
• Q3 beat and guidance: Akamai reported EPS of $1.86 vs. $1.64 expected and $1.05B revenue (up 5% YoY), and set FY2025 EPS guidance of 6.930–7.130 and Q4 guidance of 1.650–1.850.
• The stock traded at $87.71 (down $1.81), with a market cap of $12.62B, a 52‑week range of $67.51–$103.75, and a consensus analyst rating of "Hold" with an average target of $93.63.

Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) EVP Mani Sundaram sold 10,438 shares of Akamai Technologies stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $89.25, for a total value of $931,591.50. Following the sale, the executive vice president directly owned 13,550 shares in the company, valued at approximately $1,209,337.50. This trade represents a 43.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Akamai Technologies Stock Performance

Akamai Technologies stock traded down $1.81 during trading hours on Monday, hitting $87.71. The stock had a trading volume of 3,167,890 shares, compared to its average volume of 2,445,215. The company has a 50-day moving average of $79.29 and a two-hundred day moving average of $78.10. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $103.75. The company has a market cap of $12.62 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.22. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.04 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.Akamai Technologies's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.59 earnings per share. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. On average, equities research analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AKAM. Zacks Research raised shares of Akamai Technologies to a "hold" rating in a report on Monday, August 11th. HSBC raised their price target on shares of Akamai Technologies from $130.00 to $134.00 in a research note on Monday, November 10th. Piper Sandler lifted their price objective on Akamai Technologies from $83.00 to $86.00 and gave the company a "neutral" rating in a report on Friday, November 7th. DA Davidson reissued a "buy" rating and issued a $115.00 target price on shares of Akamai Technologies in a report on Thursday, October 16th. Finally, Wall Street Zen upgraded Akamai Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $93.63.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. DLD Asset Management LP raised its position in shares of Akamai Technologies by 60.0% during the second quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company's stock worth $1,595,200,000 after acquiring an additional 7,500,000 shares during the last quarter. Norges Bank acquired a new stake in Akamai Technologies in the second quarter worth about $266,817,000. AQR Capital Management LLC raised its holdings in Akamai Technologies by 522.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company's stock worth $153,061,000 after purchasing an additional 1,695,937 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in Akamai Technologies by 1,001.4% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company's stock worth $141,149,000 after purchasing an additional 1,594,206 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in Akamai Technologies by 39.9% during the 3rd quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company's stock valued at $258,739,000 after purchasing an additional 980,966 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

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.

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