Rep. Josh Gottheimer Sells Akamai Technologies, Inc. (NASDAQ:AKAM) Shares

Key Points

• Representative Josh Gottheimer sold shares of Akamai Technologies (NASDAQ:AKAM) worth between $1,001 and $15,000 on June 3rd, as disclosed in a filing on July 16th.
• Akamai Technologies' stock recently traded at $81.15, with a market capitalization of $11.87 billion and a P/E ratio of 27.35.
• The company reported $1.70 earnings per share (EPS) for its last quarter, beating expectations of $1.58, while revenue was up 2.9% year-over-year.
• Several analysts have given different ratings on Akamai, with an average rating of "Hold" and a target price of $101.25 for the stock.

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Akamai Technologies, Inc. NASDAQ: AKAM. In a filing disclosed on July 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Akamai Technologies stock on June 3rd. The trade occurred in the Representative's "MORGAN STANLEY - ACTIVE ASSET ACCOUNT # 3" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/25/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/20/2025.
• Purchased $1,001 - $15,000 in shares of Cloudflare NYSE: NET on 6/20/2025.
• Purchased $1,001 - $15,000 in shares of Carvana NYSE: CVNA on 6/20/2025.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 6/20/2025.

Akamai Technologies Price Performance

Shares of AKAM traded up $0.44 during mid-day trading on Friday, hitting $81.15. The company's stock had a trading volume of 1,377,926 shares, compared to its average volume of 2,411,060. The firm has a 50-day simple moving average of $78.26 and a 200 day simple moving average of $82.74. The firm has a market capitalization of $11.87 billion, a P/E ratio of 27.35, a P/E/G ratio of 2.55 and a beta of 0.77. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $106.80. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.52.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology infrastructure company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.12. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Akamai Technologies had a return on equity of 14.09% and a net margin of 11.26%. Akamai Technologies's revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.64 earnings per share. Analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Kim Salem-Jackson sold 13,157 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $76.33, for a total value of $1,004,273.81. Following the transaction, the executive vice president owned 43,575 shares in the company, valued at approximately $3,326,079.75. The trade was a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Adam Karon sold 3,927 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $85.02, for a total value of $333,873.54. Following the completion of the transaction, the chief operating officer owned 10,809 shares in the company, valued at approximately $918,981.18. This trade represents a 26.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,084 shares of company stock worth $1,726,847 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Akamai Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. WPG Advisers LLC purchased a new stake in Akamai Technologies during the first quarter valued at about $27,000. UMB Bank n.a. lifted its stake in shares of Akamai Technologies by 50.8% during the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company's stock worth $32,000 after purchasing an additional 133 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Akamai Technologies by 54.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company's stock worth $35,000 after purchasing an additional 155 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake in shares of Akamai Technologies by 99.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company's stock worth $45,000 after purchasing an additional 234 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Akamai Technologies during the first quarter worth about $42,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AKAM shares. KeyCorp started coverage on Akamai Technologies in a report on Friday, June 6th. They set an "underweight" rating and a $63.00 price objective for the company. Morgan Stanley reduced their price objective on Akamai Technologies from $102.00 to $90.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Wall Street Zen cut Akamai Technologies from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Scotiabank reduced their price objective on Akamai Technologies from $107.00 to $105.00 and set a "sector outperform" rating for the company in a report on Friday, May 9th. Finally, UBS Group raised their price target on Akamai Technologies from $85.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $101.25.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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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