Akamai Technologies (NASDAQ:AKAM) CTO Sells $339,500.00 in Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) CTO Robert Blumofe sold 3,500 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $97.00, for a total value of $339,500.00. Following the sale, the chief technology officer owned 18,074 shares of the company’s stock, valued at approximately $1,753,178. This trade represents a 16.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Robert Blumofe also recently made the following trade(s):

• On Friday, November 7th, Robert Blumofe sold 3,500 shares of Akamai Technologies stock. The stock was sold at an average price of $86.00, for a total value of $301,000.00.

Akamai Technologies Stock Performance

NASDAQ AKAM traded down $1.95 during midday trading on Friday, hitting $95.08. The company had a trading volume of 2,934,096 shares, compared to its average volume of 3,100,488. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 3.39 and a beta of 0.68. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $103.75. The firm has a fifty day simple moving average of $88.43 and a two-hundred day simple moving average of $80.94.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.22. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.59 EPS. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. Equities analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Akamai Technologies

Several hedge funds and other institutional investors have recently modified their holdings of AKAM. Whittier Trust Co. of Nevada Inc. boosted its position in Akamai Technologies by 295.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after buying an additional 251 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Akamai Technologies by 130.0% during the third quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock worth $26,000 after buying an additional 195 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Akamai Technologies by 566.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock valued at $26,000 after acquiring an additional 289 shares during the last quarter. JFS Wealth Advisors LLC grew its position in Akamai Technologies by 626.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after acquiring an additional 263 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its position in Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock worth $30,000 after acquiring an additional 333 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AKAM shares. Royal Bank Of Canada boosted their price objective on shares of Akamai Technologies from $80.00 to $90.00 and gave the company a “sector perform” rating in a research report on Monday, January 5th. TD Cowen boosted their price target on Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a report on Thursday, November 13th. The Goldman Sachs Group upped their price objective on Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a research 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 research report on Thursday, October 16th. Finally, Citigroup boosted their target price on Akamai Technologies from $88.00 to $103.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.11.

About Akamai Technologies

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.